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Friday, December 6, 2019

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  • Far East Maritime (12) (X)

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Rates hit lowest levels ever, GRIs reach for record highs – go figure

Posted to Far East Maritime (by Greg Knowler) on October 10, 2013

Here's the story so far ... European demand for containerized imports from China vanished as the continent melted down into a steaming pile of sovereign debt. Meanwhile, the ever-optimistic and market share protecting shipping lines continued to place orders for new ships.

Shippers will be squeezed by Cape Town deviance

Posted to Far East Maritime (by Greg Knowler) on July 23, 2013

The Suez is important not only to the Asia-North Europe/Med trade but also to growing volumes of Asia cargo heading for the US East Coast. Drewry Maritime Research compiled a report last week on what the impact on the lines would be if the East-West waterway were blocked.

Transhipment business model no good for Hong Kong

Posted to Far East Maritime (by Greg Knowler) on May 7, 2013

Some ports lend themselves, via geographic location or strategy, to transshipment. Singapore, for instance, had a throughput of 31.6 million TEUs in 2012, but more than 90 percent was comprised of containers in transit. Geographically, Singapore…

Hutch port boss weighs into docker strike

Posted to Far East Maritime (by Greg Knowler) on April 30, 2013

Hutchison Port Holdings is not accustomed to being in the public eye. As the world’s number one container port operator, HPH has been happy conducting its business quietly and under the media radar. In the past, attempts to elicit comment on…

Dozen more China FTZs a waste of effort

Posted to Far East Maritime (by Greg Knowler) on January 28, 2014

China will have 12 free trade zones, Beijing announced a couple of weeks ago. Interesting, considering that Shanghai can’t even explain exactly what its own highly publicised free trade zone will be doing. So far it is all hot air and hyperbole…

Ship emissions an afterthought at Hong Kong cruise terminal

Posted to Far East Maritime (by Greg Knowler) on March 6, 2013

When it comes to infrastructure projects in Hong Kong, environmental concerns are rarely allowed to stand in the way. The grossly wasteful and pointless Hong Kong-Zhuhai-Macau bridge is a case in point, and we do not have the slightest doubt…

Chongqing hub hype ends as cargo volumes fall

Posted to Far East Maritime (by Greg Knowler) on November 10, 2012

Chongqing is regularly described as the largest city in the world. The municipality is effectively a province of its own, one of three such municipalities in the country, and home to anything from 35 to 45 million people. In the past few years…

Carriers in for a brutal year as capacity floods in

Posted to Far East Maritime (by Greg Knowler) on July 4, 2012

Alphaliner’s chart of the week focuses on the new tonnage that has been added by the top 20 container shipping lines in the past 12 months. As incredible as the capacity is – 844,000 TEUs for a fleet growth of 6.4 percent – the one carrier that stands out is CSAV.

China carrier takes industry losses to new lows

Posted to Far East Maritime (by Greg Knowler) on April 3, 2012

Just when you thought the 2011 shipping industry losses could not possibly get any worse, along comes one of China’s state owned carriers to set the benchmark at a new low. As China’s largest line, that honour naturally fell to Cosco, and the…

Not much good cheer to go around this season

Posted to Far East Maritime (by Greg Knowler) on December 15, 2011

HSBC’s analysts expect export growth in China to slow from its current level of 13 percent to single digits over the next few months. This is going to pile more woes on top of an already woeful manufacturing sector. With profit margins plunging…

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…

Record box prices set to stay as demand way outstrips supply

Posted to Far East Maritime (by Greg Knowler) on July 6, 2010

In a normal year (normal being a year when consumers actually consume things), the world's two main box makers make 3.5 million boxes. Last year, Singamas Container Holdings and the market leading China International Marine Containers (CIC) produced just 220…