Asia-Europe

Aggressive carriers ‘biting the hand that feeds them’ as importers shun China

There are growing signs that the sky-high freight prices on the Asia-Europe trades may be beginning to structurally undermine it, as European importers begin to look for alternatives to sourcing from China.
Keith Gaskin, group commercial director of Seko Logistics in the UK, said: “I am seeing importers in the UK and Europe actively telling their merchandisers to look for near-shoring solutions, because the freight rates from Asia have reached such …

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ONE profits surf the wave of soaring freight rates, with Q3 revenue up 29%

Japanese ocean carrier ONE recorded a net profit of $944m for its third quarter, October-December, and expects to see profits of $2.5bn for the full year.
That would represent an astonishing 172% upgrade on its November guidance, thanks to huge hikes in freight rates hitting the carrier’s bottom line.
Moreover, it would appear that ONE is being conservative with its $900m net profit Q4 forecast for January to March, given the impact …

The post ONE profits surf the wave of soaring freight rates,...

https://theloadstar.com/one-profits-surf-the-wave-of-soaring-freight-rates-with-q3-revenue-up-29/

Container trade ‘madness’ driving more Asia cargo to other modes

The “madness” of ex-Asia container rates is driving more un-boxing of containerised cargo.
And the resulting bounceback for breakbulk is providing a boon for secondary ports and shortsea shipping, according to chartering specialist Ahlers.
“New opportunities are arising for breakbulk, MPVs [multipurpose vessels] and ro-ro carriers,” the company said.
“Alongside some bigger MPVs being chartered for carrying containers, there is an increase in cargo volumes due to more containerised cargo coming...

https://theloadstar.com/container-trade-madness-driving-more-asia-cargo-to-other-modes/

Asia-Europe Tradelane With a New Entrant

A new entrant is to be set on the booming Asia – Europe container tradelane, says an article published in Splash247.

East-West Tradelane

China United Lines (CU Lines), which was founded in 2005 initially as a domestic then intra-Asia operator, is going it alone, entering the east-west tradelane at a time when rates are in record terriritory.

Asia-Europe Trades

The company’s first Asia – Europe service will depart southern China on February 6 on the 2,700 teu Laila, a ship chartered in from Peter...

https://mfame.guru/asia-europe-tradelane-with-a-new-entrant/

OOCL profits are surfing the wave of soaring rates and demand

A very strong fourth-quarter 2020 operational update from OOCL is an indicator of the rich vein of profitability enjoyed by the liner industry since the middle of last year, despite the pandemic.
The liner barometer data released by the Hong Kong-based carrier’s parent, OOIL, reported Q4 revenue up a substantial 51.2% on the same quarter of the previous year, to $2.42bn.
Total liftings across OOCL’s four regions increased 23.7%, to 2,225,642 teu, …

The post OOCL profits are surfing the wave of...

https://theloadstar.com/oocl-profits-are-surfing-the-wave-of-soaring-rates-and-demand/

Geodis the latest forwarder to dip its toe into the charter waters

Geodis is the latest forwarder to charter capacity out of China amid continuing “chaos” for Asia-Europe container shippers.
The forwarder has chartered a 1,000 teu vessel for a direct sailing from Shanghai to Hamburg, departing 20 January.
“We understand the challenges and work hard to support unprecedented customer demand against challenging market conditions,” Geodis said. “Hence, a vessel is chartered to supplement fixed long term agreements with core carriers … and to deliver …

The post Geodi...

https://theloadstar.com/geodis-the-latest-forwarder-to-dip-its-toe-into-the-charter-waters/

CMA CGM Ramps Up Asia-Europe Capacity Amid ‘Never Expected’ Demand

CMA CGM, in their website, said they are ramping up the capacity between Asia and Europe in response to unprecedented demand.

Increased tonnage to Asia-Europe market

The French-based CMA CGM Group has accelerated the redeployment of its capacity, increasing tonnage assigned to lines between Asia and Europe by 6% for the fourth quarter of 2020 compared to the same period of 2019. It will also make further additions in the first quarter of 2021, when capacity will be 10% higher than in the current...

https://mfame.guru/cma-cgm-ramps-up-asia-europe-capacity-amid-never-expected-demand/

DSV sails into the charter market in a ‘one-off deal’ to beat the capacity crunch

DSV has taken the “extraordinary” step of chartering its own vessels to beat the China-Europe capacity crunch.
Amid one of the worst-ever capacity and equipment shortages in container shipping, the forwarder has chartered three multipurpose vessels for a direct sailing from Shanghai to the Danish port of Aarhus later this month.
A DSV spokesman told The Loadstar: “For now, this is only for one trip with each of the three 700-1,200 teu …

The post DSV sails into the charter market in a ‘one-off...

https://theloadstar.com/dsv-sails-into-the-charter-market-in-a-one-off-deal-to-beat-the-capacity-crunch/

Ocean carriers ‘really kicking us while we are down’, say forwarders

Ocean carriers are racking up massive profits from the unrelenting spiral of rate hikes and surcharges across virtually all liner services.
Today’s Shanghai Containerized Freight Index (SCFI) recorded a further 81-point gain across its tradelane components and a new record reading of 1,938.32, a colossal 150% higher than a year ago.
Spot rates to North Europe increased by 9%, to $1,644 per teu – 134% higher than 12 months ago.
However, shippers told …

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https://theloadstar.com/ocean-carriers-really-kicking-us-while-we-are-down-say-forwarders/

Capacity shortages on Asia-Europe directly due to transpacific trade boom

There is growing evidence that capacity restrictions on the Asia-Europe ocean trades, in terms of both vessels and equipment, are a direct result of the transpacific demand boom.
According to new research from liner consultancy Sea-Intelligence, recent capacity injections on the transpacific are expected to limit the ability of carriers to bring more slots and containers to the Asia-North Europe trade.
Sea-Intelligence’s latest Trade Capacity Outlook data suggest planned capacity growth on …

The...

https://theloadstar.com/capacity-shortages-on-asia-europe-directly-due-to-transpacific-trade-boom/

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