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Monday, May 25, 2020

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  • Far East Maritime (6) (X)

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China looks inwards as export demand remains weak

Posted to Far East Maritime (by Greg Knowler) on October 25, 2012

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

Rates war back in the picture on Asia-Europe

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

“A general rate increase in November? Skou must have lost his mind,” was the retort of Hong Kong Shippers Council executive director Sunny Ho to news that the Maersk boss planned to hike box rates from November 1. It was an understandable reaction from the feisty Ho…

Asia-Europe will decide the shape of shipping in 2012

Posted to Far East Maritime (by Greg Knowler) on December 22, 2011

When Daily Maersk was announced a couple of months ago, the industry held its breath to see what the other carriers would do about it. What Maersk was offering were guaranteed transit times between certain Asian and European destinations with the payment of penalties for late delivery.

China factories being pushed over the edge

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

We asked the question last week that retailers in the US and Europe must surely be ready to put in last minute orders to restock their inventories before the Christmas buying season starts in earnest. Yesterday we received the answer, from the US, at least.

Will the Korea who blew up that warship please report to the principal’s office

Posted to Far East Maritime (by Greg Knowler) on April 27, 2010

South Korea’s government believes it was a torpedo that blew up and sank its warship near the border with North Korea last month. The 1,200-tonne Cheonan was blown in two on March 26 by an “external explosion”, according to an investigation…

Trumpeting year-on-year growth an annoying practice this time around

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

Ports and terminal operators across China are showing some impressive year-on-year container throughput growth for January. The problem is that in January last year the container throughput arrow at the ports in question was heading in the same direction as a downhill skier in Vancouver…