Intra-Asia

Cogoport expands online container booking platform to cover Chinese imports

Mumbai-based online freight marketplace Cogoport has launched inbound container bookings, following “huge demand” for Chinese imports.
The platform previously offered only export bookings, providing 25,000 Indian shippers with worldwide rates from 40 shipping lines, 40 NVOCCs and 300 freight forwarders.
“Cogoport has now added a wide selection of services for Asian routes into India, beginning with ports from China and to be followed by others across the Asia region,” the company said.
Purnendu...

https://theloadstar.com/cogoport-expands-online-container-booking-platform-to-cover-chinese-imports/

‘ASEAN tiger’ shippers say they don’t need ULCVs on the intra-Asia trade

As the ASEAN “tiger economies” continue to reshape the world’s largest container trade, some domestic shippers are questioning the industry’s march towards ultra-large container vessels (ULCVs).
With 31m teu and 100 port pairs, intra-Asia accounts for roughly one-in-four boxes shipped worldwide every year.
And, according Drewry director Han Ning, the rise of the “ASEAN tiger” economies is deepening the region’s trade ties, particularly between South-east Asia and the Far East’s “older tigers” …

T...

https://theloadstar.com/asean-tiger-shippers-say-they-dont-need-ulcvs-on-the-intra-asia-trade/

South Korean carriers SinoKor and Heung-A to merge container operations

The next round of rationalisation of South Korea’s container shipping sector is under way as carriers SinoKor Merchant Marine and Heung-A Shipping merge their box operations.
The move is part of the government-directed Korea Shipping Partnership, which the country’s maritime companies signed in the aftermath of the Hanjin bankruptcy.
The cooperation will reportedly begin today, with a full operational merger completed by October.
According to Alphaliner data, SinoKor is the world’s 23rd-largest...

https://theloadstar.com/south-korean-carriers-sinokor-and-heung-a-to-merge-container-operations/

India-China container trade on the increase and President Trump is not happy

India’s container trade growth has benefited from US-China tariffs, but now New Delhi is teetering on the brink of its own trade dispute with Washington.
According to Maersk’s latest India trade report, China’s decision to replace some US agricultural imports with Indian products helped the country to 6% container trade growth in the fourth-quarter of 2018.
“China inked a protocol with India in Q4 to import fish meal and fish oil from …

The post India-China container trade on the increase and...

https://theloadstar.com/india-china-container-trade-on-the-increase-and-president-trump-is-not-happy/

Operating results for bellwether OOCL suggest good news for carriers

OOCL has released operational results for the fourth quarter of 2018 which suggest trading conditions continued to improve for global container carriers in the final months of last year.
The fourth-quarter and full-year results of the world’s largest container line, Maersk, will be published on 21 February, but the operational numbers from OOCL are generally a good pre-financial results indication of how the industry performed in the previous quarter.
The COSCO subsidiary …

The post Operating...

https://theloadstar.co.uk/operating-results-for-bellwether-oocl-suggest-good-news-for-carriers/

Mixed fortunes for OOCL in Q3 as liftings and revenues rise, but so do costs

OOCL increased carryings by 6.9%, year on year, in the third quarter, to 1.7m teu, while improving turnover by 7%, to $1.56bn.
However, the carrier experienced sharply contrasting fortunes on its transpacific and Asia-Europe tradelanes.
The quarterly operational numbers from parent Orient Overseas International, now majority-owned by Cosco Shipping, are seen as an early guide to the performance of the carrier’s liner industry peers, which will report their third-quarter results in the coming...

https://theloadstar.co.uk/mixed-fortunes-oocl-q3-liftings-revenues-rise-costs/

China-US trade war could be the founder of a feast for intra-Asia box traffic

Booming intra-Asia trades stand to benefit the most from a lengthy US-China trade war.
But low freight rates, overcapacity and poor schedule reliability is putting pressure on shipping lines operating in what is the world’s biggest container market.
According to Philip Damas, head of Drewry Supply Chain Advisors, intra-Asia works “on different dynamics” to the major east-west trades.
“There’s still a huge amount of competition there, where there’s no shortage of capacity and rates are …

The post

https://theloadstar.co.uk/china-us-trade-war-founder-feast-intra-asia-box-traffic/

Hapag-Lloyd and ONE set to operate joint feeder services round the world

Hapag Lloyd and it’s the Alliance partner Ocean Network Express (ONE) have agreed to operate feeder services around the world together.
Under the terms of a “bilateral strategic feeder network cooperation agreement”,  the lines will share space on their respective feeder vessels.
It began with the joint launch of the Bohai Express service in August and is to be extended to the intra-Europe trade this month with the launch of the North Sea …

The post Hapag-Lloyd and ONE set to operate joint...

https://theloadstar.co.uk/hapag-lloyd-one-set-operate-joint-feeder-services-round-world/

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