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Tuesday, October 27, 2020

Asiaus East Coast News

Image: ZIM Integrated Shipping Services Ltd

ZIM Seven Stars Express Service to Add a Kaohsiung Call

ZIM is pleased to announce that starting November 2017, ZIM’s popular Seven Stars Express Service (Z7S) will add a call in Kaohsiung, Taiwan, offering unique advantages to customers, said a company press release. The service includes: Direct access to New York Maher terminal, Unique product linking Kaohsiung and Wilmington, NC, Fast transit time from Wilmington and Savannah; A premium product for USA exports to Taiwan, Calling Terminal 5, Pier 77/78 in Kaohsiung, for easy access from main manufacturing areas and End of the week departure from Kaohsiung.

Photo: Maersk Group

Latin America Ports to Berth Larger Vessels

Foreign trade and energy have boosted economies throughout the Americas. From the USA, to Argentina, Ecuador and the Bahamas, Maersk is helping unleash the region’s potential by facilitating the flow of goods around the globe. With modern infrastructure and improved access to international trade, Latin America´s economic growth can be significantly improved. Investments to secure access for larger vessels in US East Coast ports are underway and required to make it viable for the New Panamax vessels to be deployed on Maersk Line’s Asia–US East Coast services.

Table: Drewry Shipping Consultants

Steady as She Goes

Ahead of the Panama Canal expansion two alliances have announced they will upsize some of their ships on the Asia-US East Coast route. How quickly will the others follow? The 9,400-teu Cosco containership Andronikos will make the first transit of the expanded Panama Canal on Sunday 26 June, and ahead of that two shipping alliances – CKHYE and G6 – have laid out their plans to upgrade the size of ships used on the Asia-US East Coast via Panama route. In November last year Container…

Graph: BIMCO

Container Shipping Demand Weakens

The demand for container shipping is really not going anywhere at the moment. Indicators for growth in the first months of 2016 point to limited overall demand and huge variations from trade to trade. In addition, all numbers are impacted by Chinese New Year, which disrupts most trade figures for the first months of any year. BIMCO’s own data for the United States (US) imports on the east coast shows an increase of 6.5%, a significant rise even above the strong level seen in 2015.

Photo: Marinelink

CKYHE Alliance to Reorganize US East Coast Service

CKYHE Alliance, COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, is reorganizing their service network for Asia-US East Coast trade in 2016. CKYHE Alliance will provide five Asia-US East Coast services (AWE1/AWE3/AWE4/AWE8/NUE) from early June of 2016. The Alliance members have re-designed the services to provide optimum port coverage from Asia to US East Coast with AWE1/AWE3/NUE services upsized & AWE4/AWE8 services re-structured in order to enhance the competitiveness of the Alliance.

Photo: Maersk Line

Asia-Europe Rates Further Contract

Major container shipping rates plummeted again this week, with declines on the trunk Shanghai-Europe routes falling at record amounts,  says Shangahi Containerised Freight Index (SCFI). A eport in ASC  says that the SCFI for Far East to North Europe dropped by a staggering 31%, losing US $143 per teu to finish the week at US $313 per teu. The rate to the Med also finished at US $313 per teu, one the first times that the southern gateways have commanded a similar freight rate to Europe’s northern ports. The Far East to Med route decline represented a drop of 30%, or US $135 per teu.

CMA CGM Enters Agreements with CSCL, UASC

The CMA CGM Group announced the signature of three major agreements on the biggest worldwide maritime trades with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC). Under the name of Ocean Three, the agreements; which include a combination of vessel sharings, slot exchanges and slot charters; concern the following maritime trades:  Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast. On the Asia-US East Coast trade: one service via the Suez Canal and one service dedicated to the Gulf of Mexico.