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Tuesday, January 19, 2021

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  • Far East Maritime (375) (X)

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Xiangyu struggles to dredge up support

Posted to Far East Maritime (by Greg Knowler) on June 21, 2011

But first, a brief stroll down memory lane. In November 2007, Sinotrans Shipping launched its initial public offering on the Hong Kong Exchange. It was received with relish by a market in raptures over mainland companies and eager to throw their money at anything from China going public.

Spratly war a bad idea, especially for Vietnam

Posted to Far East Maritime (by Greg Knowler) on June 16, 2011

In this case, a string of islands. The remote, rocky and barely habitable Spratly Islands in the South China Sea. Less than two square miles of islands scattered over 165,000 square miles of ocean. WTF, as my kids say. The Spratlys are claimed by China…

Smaller trades share the pain as lines shuffle ships

Posted to Far East Maritime (by Greg Knowler) on August 2, 2011

The principle of supply and demand is admittedly a fuzzy one when applied to container shipping lines. Even with the withdrawal of some capacity on the Asia-Europe trade, ship utilisation is still around 90 percent as cargo exports slow. That’s…

Lines are being mugged by their balance sheets

Posted to Far East Maritime (by Greg Knowler) on July 28, 2011

China Shipping Container Lines will make a loss in the first half, as will the three big Japanese carriers and Vietnam’s Vinalines. In fact, we would be surprised if anyone made money. Let’s stay with CSCL and use it as an example of how the lines are struggling along.

Share slow steaming benefits, say shippers in poll

Posted to Far East Maritime (by Greg Knowler) on July 26, 2011

The first to come out was on slow steaming and its effects on Asia pacific supply chains. US-based logistics operator BDP International conducted a global survey of importers and exporters and their responses highlighted the deeply unpopular practice of slowing ships.

China factories crippled by curbs on credit

Posted to Far East Maritime (by Greg Knowler) on July 21, 2011

Access to credit is critical to sustaining a manufacturing business in China, especially at the lower value, mass-producing end of the market. The orders for export goods can be measured in millions of units that require huge quantities of raw materials.

Unlucky 2013 looms with lay-ups the only option

Posted to Far East Maritime (by Greg Knowler) on July 19, 2011

We have been over this subject so often, but it remains the greatest obstacle between container shipping lines and their profitability, so here goes again. Market intelligence outfit Alphaliner reckons deliveries will reach 1.73 million TEUs in 2013…

How do you lose 600 containers?

Posted to Far East Maritime (by Greg Knowler) on July 14, 2011

This qualifies as an “Only in the Philippines” story: Out of a shipment of 900 containers that arrived in the port of Manila and were supposed to be trucked to the port of Batangas, only 305 actually made it to Batangas. How do you lose almost…

Duck! The light in the tunnel is just the muzzle flash

Posted to Far East Maritime (by Greg Knowler) on July 12, 2011

After peaking in the first quarter, world trade has been on a downward trend ever since. Rising commodity prices are making everything more expensive, retailers are cautious with stocking shelves and inventories are suffering. The disruption…

Megaships and maintaining market share

Posted to Far East Maritime (by Greg Knowler) on June 28, 2011

Maersk Line this week confirmed an order for the second batch of its10 “triple-E” class container ships, the eyebrow-raising 18,000 TEU giants being built by Korea’s Daewoo Shipbuilding and Marine Engineering Co. The Danish carrier now has 20 of these vessels in the pipeline…

Too much cargo, not enough Yangtze

Posted to Far East Maritime (by Greg Knowler) on June 23, 2011

The Yangtze River is the traditional boundary dividing north and south China. It has been both a critical a source of life and the bearer of tragic floods that have claimed thousands of lives through the ages. But the river has always been the…

Grim stats don’t exactly promote a positive image

Posted to Far East Maritime (by Greg Knowler) on June 14, 2011

It’s the sort of thing that gets a CEO’s attention, mainly because shipping lines like to believe they are in the cargo transport business, not the killing people business. Okay, the eye-catching headline is imaginary, but the statistic it highlights is very real.

Loathsome OPEC has global transport by the jewels

Posted to Far East Maritime (by Greg Knowler) on June 9, 2011

At a big German logistics show in Munich last month, an executive from Boeing raised a horrifying prospect. He reckons that if the unrest sweeping North Africa and the Middle East spills over into the major oil producing countries like Saudi Arabia or Iran…

China factories slowly climbing the value chain

Posted to Far East Maritime (by Greg Knowler) on June 8, 2011

It may seem we harp on about China’s changing manufacturing industry, but that's because of its direct impact on export ocean cargo and the import of raw materials. All the stuff we consume has to be made somewhere, and the mainland has pretty much cornered the manufacturing market.

China’s factory output slowdown speeds up

Posted to Far East Maritime (by Greg Knowler) on June 1, 2011

It was the lowest factory output in nine months. Hit by regular and crippling power shortages across the industrialised provinces, tightening of lending policies, soaring rents and labour costs, mainland manufacturing has slowed. According to…

Time to get serious about piracy

Posted to Far East Maritime (by Greg Knowler) on May 26, 2011

There is no lack of desire to eradicate piracy. shipowners, importers and exporters all want piracy to stop. escalating. and 522 seafarers were being held hostage off the coast of Somalia. these criminal activities! continue any longer,” said S. navigation and environment committee.

Slowdown in China manufacturing means lines must bite the bullet – for now

Posted to Far East Maritime (by Greg Knowler) on May 24, 2011

China needs to curb its runaway inflation. In April, consumer price inflation was 5.3 percent and is expected to grow past 5.5 percent this month. An alarmed Beijing is desperately trying to cool down the economy, and with the end of the stimulus…

Momentum will push PRD manufacturers off a cliff

Posted to Far East Maritime (by Greg Knowler) on May 19, 2011

Good hookers go where the money is. No money, no honey, as the saying goes. Or so I have been told. Shipping lines follow the same opportunistic business model – they will take cargo for money. And should the containers dry up, the lines will…

Ports have a party while carriers hang back in the kitchen

Posted to Far East Maritime (by Greg Knowler) on May 17, 2011

Cargo volumes have been strong on the major trades so far this year, but the business has brought mixed fortunes to the industry. On one hand are the container ports, which are gleefully contemplating throughput numbers. Hamburg’s terminal operator…

No philanthropism as China locks in access to minerals

Posted to Far East Maritime (by Greg Knowler) on May 6, 2011

China recently overtook the US to become Chile’s largest trading partner. Trade consists mostly of exports, and the main commodity being shipped from Chile to the mainland is copper. China’s hunger for copper is immense. It is the world’s largest user…