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Sunday, January 17, 2021

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  • Far East Maritime (375) (X)

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Coping with shifting cargo patterns will take some doing

Posted to Far East Maritime (by Greg Knowler) on November 18, 2010

In previous years the peak season for shipping out of Asia was around August to October. Huge volumes of containers left busy China ports and sailed off on full vessels for Europe and the US. Container lines slapped on hefty peak season charges…

No success in the fight against Somali pirates

Posted to Far East Maritime (by Greg Knowler) on November 16, 2010

For 388 days, Paul and Rachel Chandler were held captive by Somali pirates who boarded their yacht near the Seychelles. They were finally released this week after an undisclosed ransom sum was paid. It was a happy ending, but only serves to…

Reality to intrude in hub status dreams

Posted to Far East Maritime (by Greg Knowler) on November 5, 2010

Ports along the US East Coast are competing as much for government funding as they are for increasing cargo volumes from Asia. At stake are local economies struggling with the worst recession in history, so the battle by ports to become, or even to stay, major gateways will be a fierce one.

Capacity cascade the only way out for MSC

Posted to Far East Maritime (by Greg Knowler) on November 2, 2010

Mediterranean Shipping Company will soon deploy two 8,000 TEU ships on its Asia-South Africa service, ramping up its capacity on the route by almost 30 percent. The trade is doing well and growing by double digits, but the capacity injection is startling.

No ports in new plan, just people, property and prices

Posted to Far East Maritime (by Greg Knowler) on October 28, 2010

Fifty-seven years ago, China’s first Five-Year Plan was implemented to map out the economic and social development of what was then one of the world’s poorest countries. At the end of this year the 11 Five-Year Plan expires and the 12 will come into action…

Crew shortages, pirates and wages make 2010 a year seafarers would rather forget

Posted to Far East Maritime (by Greg Knowler) on October 26, 2010

Topping the “issues of concern” list is the massive order book of newbuildings that is fast creating a chronic shortage of crew. For instance, in the container shipping business, the third quarter saw 468,000 TEU capacity delivered, the highest quarter on record…

Rising rates and ruthless revenue protection will make 2010 a good year

Posted to Far East Maritime (by Greg Knowler) on October 22, 2010

The biggest smiles will be reserved for the strongly improving revenue per container over the past nine months. Hong Kong-based Orient Overseas Container Line (OOCL) reported a very satisfying 31 percent increase in average revenue per container for the year.

Hong Kong the most important guest at Shenzhen’s 30th birthday party

Posted to Far East Maritime (by Greg Knowler) on September 8, 2010

Back in the late 1970s, Shenzhen was little more than a sleepy fishing village with water buffalo wandering through paddy fields and not much going on in terms of business. Then from the north came Chinese paramount leader Deng Xiaoping with…

Capacity management here to stay

Posted to Far East Maritime (by Greg Knowler) on October 19, 2010

Research outfit Compair Data raised an interesting point in its latest report, titled Taming Cyclical Rates. It asked whether carriers would continue to use capacity management tools they adopted in 2009 to cope with the vanishing trade, or…

Time to forget the recession – at least until after Christmas

Posted to Far East Maritime (by Greg Knowler) on October 15, 2010

Eastbound transpacific container volumes are expected to record a growth of 17.4 percent this year, the highest growth since the 2006 record. The turnaround from last year has been stunning. According to research outfit Alphaliner, transpacific volumes surged 20 percent in the first nine months…

Carriers rise to the emissions challenge in HK

Posted to Far East Maritime (by Greg Knowler) on October 13, 2010

Twenty of the major carriers calling at Hong Kong are apparently going to follow Maersk and APL's lead and change to cleaner fuel while in port, according to reports. This will certainly be good news for the people living in the heavily populated…

Don’t expect surprises as Singapore looks at liner immunity

Posted to Far East Maritime (by Greg Knowler) on October 8, 2010

It is the maritime hub of Asia, one of the busiest ports in the world and a bunkering supremo. Everyone’s Asia head office is there and it is perfectly situated to serve the economies of both the east and west. Yet when it comes to taking a stand on a crucial issue…

Saving you sulphur, putting you first – APL joins Maersk on HK green drive

Posted to Far East Maritime (by Greg Knowler) on October 5, 2010

Singapore-based carrier APL lines is the second shipping line to announce that its vessels calling at Hong Kong will switch to low sulphur fuel for the duration of their stay in the notoriously polluted port. The carrier said from next month…

Hard to plan when the future is so uncertain

Posted to Far East Maritime (by Greg Knowler) on September 30, 2010

No one really knows. Not for sure. Beyond some speculation there is no informed estimate of how many officers the maritime industry will require in the future. No one even knows how many ships will be built in the next two decades. Projections…

Cracking the China market takes more than opening a Shanghai office

Posted to Far East Maritime (by Greg Knowler) on September 28, 2010

China is seen as one market by the rest of the world, and it is usually Shanghai that is regarded as the centre of that market. But opening a Shanghai office is little more than one small small step towards a China strategy. The place is so…

Liner lay-ups loom as demand falls away

Posted to Far East Maritime (by Greg Knowler) on September 23, 2010

By “managing” capacity, we mean laying it up, of course. Around 12 percent of the global capacity spent most of last year collecting barnacles in quiet waterways, and it looks like it’s going to happen again. Not on the same scale, maybe…

In Hong Kong, Maersk swapping blue for green

Posted to Far East Maritime (by Greg Knowler) on September 21, 2010

Hong Kong and Shenzhen together handle more than 10 percent of the total global container traffic. That is an incredible number of boxes arriving and departing on thousands of ships. Great for business if you are a terminal operator, but very bad for health if you live anywhere near the ports.

Joint Taiwan Strait coast guard drill speeds up detente

Posted to Far East Maritime (by Greg Knowler) on September 16, 2010

Former president Chen Shui-bian must be turning in his jail cot. Not only has his successor signed the historic and wide-reaching Economic Cooperation Framework Agreement with China that came into effect last Sunday, he has also, for the first time ever…

Lucrative Latin America routes attract the big boys

Posted to Far East Maritime (by Greg Knowler) on September 15, 2010

There are glum faces on the Asia-Europe and transpacific trades as carrier executives fret over an anticipated drop in demand in the fourth quarter. But on one trade the frowns have all been turned upside down. Asia-South America is giving the other major routes a run for their money.

Carriers and their customers enter the last battlerground

Posted to Far East Maritime (by Greg Knowler) on September 10, 2010

John Lu has been on the case of container shipping lines’ for years, first as head of the Singapore Shippers’ Council and in the last few years as boss of the Asian Shippers’ Council. Ever since carriers began adding on charges to freight rates…