Home >> Array


PSA set to take advantage of changes ahead in port industry

PostTime:2018-03-21 08:48:12 View:6

The theme of change runs through port operating group PSA’s annual results announcement, along with an intrinsic awareness of both the challenges and opportunities this presents. Looking to the year ahead and further forward, PSA International group chairman Fock Siew Wah warned that “the world and our industry will continue to be buffeted by an inexorable range and accelerating pace of transformation and disruptions in the way goods are produced, sold, transported and used.” “PSA will continue to work closely with its partners and customers to tap the relevant technologies, develop innovative solutions that facilitate trade flow and improve processes, and co-create business models that will bring sustained benefits and value to all stakeholders in the global supply chain,” Fock concluded. Group ceo Tan Chong Meng also noted the increasingly digital dimension to the upcoming changes in the industry. “As we witness the current wave of digitalisation and acknowledge the increasing quest for cargo flow visibility, we believe PSA can work with our customers and partners to create a new suite of solutions that exploit the opportunities which digitalisation offers, taking advantage of the fact that PSA already operates at key nodes of global trade and supply chains,” he said. “Going into 2018, we are keenly aware that the dynamics of our industry remain highly changeable and competitive. PSA will therefore keep an open mind, embrace change and collaboration, seize opportunities, and seek common good,” Tan added. Meanwhile, with one eye on the dynamic changes in store in the future and the other firmly fixed on managing the present challenges, PSA saw good gains in both its international and flagship Singapore operations in 2017. As a whole, PSA International (PSA) handled 74.24m teu in 2017, representing an increase of 9.8% from the previous year. PSA’s flagship Singapore Terminals contributed 33.35m teu of that, with throughput rising 9.0% over 2016. PSA terminals outside Singapore delivered a total throughput of 40.89m teu, growing at a slightly faster pace of 10.4% over 2016. Acknowledging the role of the recovery in the global economy, Tan said: “2017 ended on a relatively positive note as global container throughput had its strongest showing since 2011, aided by stronger economic growth in many countries.” Alluding to the much speculated volume gains at the expense of neighbouring ports, he also noted that “The frenzied container liner shipping consolidation in 2016, which percolated into service

Amsterdam container terminal connects with New Silk Road trains

PostTime:2018-03-21 08:41:08 View:6

A NEW direct connection between Amsterdam Container Terminal and Yiwu in China has be launched as part of the new Silk Road, reports the American Journal of Transportation. The first train set off on its 11,000- kilometre, 16-day journey on March 7 from the intermodal railhead at Amsterdam Container Terminal to the trading hub of Yiwu in Zhejiang province.  Reflecting The Netherlands' diverse export market, it carried a variety of Dutch-made machinery, mineral fuels, pharmaceuticals, technical equipment and chemicals. Terminal and logistics services for the new rail connection are provided by TMA Logistics, a joint venture between Hong Kong's Hutchison Ports and TMA Holdings.  Said TMA managing director Gerben Matroos: "Amsterdam provides a unique location as the start and end-point. TMA Logistics is well placed to serve multimodal markets.  "Intermodal connections we have by road, barge, short sea shipping and the railhead make it the ideal gateway, enabling us to collect and distribute goods across North Europe and UK to and from China," he said. Amsterdam Container Terminal also boasts three of the deepest water multi-purpose berths in North Europe with total length of 1,015 metres and depth of 15 metres.  The Silk Road service is operated by NUNNER Logistics, an agent of the Austrian-based Rail Cargo Group, which now operates in 25 locations across Europe.  

Yang Ming Marine Japan-Malaysia-Vietnam box service

PostTime:2018-03-21 08:39:42 View:7

TAIWAN's Yang Ming Marine Transport is to commence a new Japan-Malaysia-Vietnam (JMV) container shipping service on April 12 from Hong Kong. The service will be operated by four 3,200 TEU ships that will work the following port rotation of: Osaka, Kobe, Nagoya, Yokohama, Tokyo, Hong Kong, Singapore, Port Kelang, Singapore, Cai Mep, Shekou, Hong Kong, returning to Osaka. A round voyage takes 28 days. Yang Ming said its new intra-Asia service will provide customers with better port network coverage between Japan, Southeast Asia and South China, reported Hellenic Shipping News.

Chinese exports soars 44.5pc in February, imports soften as expected

PostTime:2018-03-21 08:37:34 View:6

CHINESE trade data for February shows a surprising surge in China's exports and a positive outlook for the year, despite worries of American protectionism. Export growth accelerated to 44.5 per cent year on year from 11.1 per cent in January, exceeding market expectations, reports Bloomberg. Import growth softened to 6.3 per cent from 37 per cent last month, in line with predictions. Taking January and February together, export growth accelerated to 24.4 per cent from 9.7 per cent in the fourth quarter and import growth rose to 21.7 per cent from 12.5 per cent over the same period. The leap in exports came mainly from shipping to the US, EU and Japan, with the growth rate increasing from nine per cent in January to 42 per cent in February, and to other emerging markets (Brazil, India, Russia, South Africa), which saw the biggest jump to 76 per cent from 12 per cent. Exports to Hong Kong, South Korea, Taiwan slowed to 11 per cent from 17 per cent. By product type, much of the growth came from labour-intensive consumer goods, such as toys, footwear and furniture, suggesting solid global consumer confidence. The slowing of imports was expected by market analysts due to the historical distorting effect of Chinese New Year, which lands at varying times in January and February.  Thus, imports slowed across the board, even producing a contraction of four per cent from US, EU and Japan. Nomura view the robust January-February trade data as promising for the yuan by signalling a positive global growth outlook in 2018, "especially if the Chinese authorities manage to engineer a gradual and controlled deleveraging process to stabilise the economy."

CK Hutchison profits up 6pc to US$4.47 billion as revenues rise 9pc in 2017

PostTime:2018-03-21 08:34:58 View:4

HONG KONG's global port operator CK Hutchison Holdings' 2017 net profit increased six per cent to HK$35.1 billion (US$4.47 billion), drawn on revenues of HK$414.8 billion, up nine per cent. The 287 berths run by Hutchison handled 84.7 million TEU in 2017, four per cent more than in 2016 with port and related services revenues coming in at HK$34.2 billion, up six per cent. Pre-tax (EBITDA) profit for the division rose eight per cent to HK$12.56 billion, while earnings before interest and taxes (EBIT) was up nine per cent year on year to HK$8.23 billion. Steady growth at terminals in mainland China and Hong Kong, Barcelona, Pakistan and Panama accounted for the gains, somewhat offset by lower volumes in Port Klang, Jakarta, Dammam and Freeport. CK Hutchison Holdings, which was formed in 2015 through the merger of Hutchison Whampoa and Cheung Kong Group, said its ports division would "continue to pursue cost saving initiatives as well as strengthening strategic alliances with customers in order to maximise profits from an expected modest growth in global trade in 2018". Li Ka-shing, who founded the company in 1950, has stepped down as chairman, but remains a senior advisor to his son Victor Li Tzar-kuoi who has worked with his father for 33 years, will succeed him as chairman.  

Hong Kong port February container volumes down 6%

PostTime:2018-03-20 08:50:39 View:2

After getting off to a good start to the year, the Port of Hong Kong saw throughput slide 5.7% in February, led by a plunge in mid-stream operations traffic. Overall throughput fell to 1.40m teu from 1.49m teu in the previous corresponding period. Throughput at the main Kwai Tsing terminals was almost flat, with 1.13m teu moved compared to 1.14m teu in February 2017. The big plunge in numbers came from the non-Kwai Tsing terminals, which fell 23.1% to just 270,000 teu in February. This is the lowest number of boxes moved by the mid-stream and other operators in two years, with the previous low posted in February 2016, when just 167,000 teu were handled. This was however in a bad year for the container industry where February numbers at the Port of Hong Kong fell 21% overall and the main Kwai Tsing terminals saw volumes dipping 18% to drop below 1m

Maersk to cut 17 port calls from new Asia-Europe schedules

PostTime:2018-03-20 08:49:35 View:2

Top global carrier Maersk Line is relaunching its Asia-Europe Network with an overall reduction of 17 port calls on its North European and Mediterranean strings and the addition of one vessel in a move that is designed to improve schedule reliability. The first Westbound sailings on the new schedule are set to start in early May. “As part of the new network, reliability will be enhanced by reducing the amount of duplicate port calls and allocating more buffer time around hub ports,” Maersk said in a press release. With the network changes, which apply to Asia-North Europe and Asia-Mediterranean strings, Maersk Line said it will significantly improve schedule reliability while retaining competitive coverage and transit times. “We are pleased to provide our customers with this revised network, which will offer them a higher level of cargo arrival reliability”, said Maersk Line head of Europe trade Johan Sigsgaard. Port congestion and weather conditions have, among other factors, traditionally impacted reliability on Asia-Europe services. Changes introduced by Maersk Line will address these challenges by significantly improving buffers in schedules, making it easier to accommodate potential disruptions and thus minimising the impact on service delivery. “Forced port omissions disrupt cargo flows and impact our customers’ supply chains. This network is designed to reduce the necessity to omit ports”, added Sigsgaard. The revised portfolio will also allow Maersk Line to better balance available capacity across markets, reducing the risk of oversupply and providing strengthened services to key Asian and European ports, it said.

Hong Kong plea: US aluminum tariff unnecessary and unfair to HK

PostTime:2018-03-20 08:37:51 View:2

HONG KONG Commerce Secretary Edward Yau has met with US Consul General Kurt Tong to plead that the territory should be spared the tariff on its aluminum exports to the United States. "We urge the US administration to exclude Hong Kong from its plan to raise tariff on the import of aluminum products from Hong Kong as we consider such measures unilateral, discriminatory and based on unfounded allegations," said Mr Yau.  "We also urge the US administration to engage in full dialogue with us prior to any unilateral action," he said, reported the American Journal of Transportation.  Noting that the US had a surplus of US$32.5 billion in merchandise trade with Hong Kong in 2017, making it the economy with which the US has the highest trade surplus, Mr Yau said Hong Kong exports only a small volume of the covered aluminum goods to the US.  "These minimal exports would by no means threaten the US' national security or the viability of the US domestic industries. The proposed tariff is totally unjustified.  "We urge the US administration to give full regard to the long-standing and close bilateral trade relations with Hong Kong, a reliable and responsible trading partner of the US," he said.  Hong Kong also filed a formal representation to the US administration on February 27 to state its opposition, deep concern and regret about the proposed tariff.  The Permanent Representative of the Hong Kong Special Administrative Region of China to the World Trade Organisation also registered Hong Kong's grave concern about the proposed tariffs at the General Council Meeting of the WTO on March 7.  "As a staunch supporter of free trade and the multilateral trading system, we urge WTO members to honour their tariff commitments. To this end, we will continue to follow up on the matter on the WTO platform, while starting bilateral discussions with the US," Mr Yau said.  Mr Yau added that Hong Kong's Trade and Industry Department has been liasing with local aluminum manufacturers. Hong Kong manufacturers exporting the affected categories of products to the US are encouraged to get in touch with the department for advice and assistance in making representation to the US Department of Commerce to exclude their product from unilateral tariffs when the procedures for doing so are released. 

Hong Kong down again, February volume falls 5.7pc to 1.4 million TEU

PostTime:2018-03-20 08:36:21 View:2

THE Port of Hong Kong saw throughput slide 5.7 per cent in February to 1.4 million TEU, led by a plunge in river traffic, after having a good start to the year.  Kwai Tsing terminals was flat from 1.13 million TEU compared to 1.14 million TEU lifted in February 2017. The major drop from the non-Kwai Tsing terminals, which fell 23.1 per cent to just 270,000 TEU in February, the lowest throughput in two years, when the river trade fell to 167,000 TEU in February 2016.

CMA CGM hikes rates to and from north Europe, China and the Far East

PostTime:2018-03-20 08:33:28 View:2

FRENCH shipping giant CMA CGM Freight All Kinds (FAK) rates from Asia to North Europe will increase on April 1 to US$900 per TEU, $1,700 per FEU, $1,750 per FEU high cube and $1,750 per reefer FEU. These rates will apply on cargo from all Asian ports, including Japan, southeast Asia and Bangladesh to all northern European ports including the UK and those from Portugal to Estonia. They will apply to dry cargo, OOG, paying empties, breakbulk and reefer. Going the other way from north Europe to Asia CMA CGM rate increases will also apply from April 1 until further notice but not beyond April 30, at $850 per TEU, $1,200 per FEU and same for an FEU high cube. These new rates will apply on cargo from all north European base ports and on direct CMA CGM services to China north and south Asian ports. These rates include the basic freight, the bunker surcharges applicable during the month of March, the Aden Gulf surcharge, the Suez canal surcharge and the OTHC (average lump sum).  They are subject to the destination THC, the peak season charges and similar charges, the safety and security-related surcharges and the low sulphur surcharges which are accessible at http://www.cma-cgm.com/ebusiness/tariffs/charge-finder.   

APL, AB InBev, Accenture, Kuehne + Nagel successfully test blockchain for shipments

PostTime:2018-03-19 08:56:54 View:2

More progress is steadily being made in blockchain technology, with a consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization successfully testing a blockchain solution with real shipments to multiple destinations. The consortium tested a solution where documents are no longer exchanged physically or digitally but instead, the relevant data is shared and distributed using blockchain technology under single ownership principles determined by the type of information. “Our trials have proven the viability of a shipping process in which many documents can be replaced by secure and distributed data sharing with clear and defined ownership,” said Adriana Diener-Veinott, who leads Accenture’s Freight & Logistics industry practice. “This gives companies a significant opportunity to save time and money while improving their service to customers.” The consortium, which represents typical stakeholders across an international shipment, collaborated to test 12 real shipments, with various destinations, each with different regulatory requirements. The tests confirmed that blockchain can reduce operating costs and increase supply chain visibility. Each organization involved in the trials typified a particular stakeholder in the shipping process: AB InBev represented a typical exporter; APL contributed its role as a shipping organization; Kuehne + Nagel provided direction on the requirements for a freight forwarder and a European customs organization replicated the regulatory requirements that cargo faces. Accenture provided the technological and consulting expertise on the blockchain technology and developed the technical architecture required to support a blockchain solution, leveraging the capabilities of its Singapore Internet of Things practice to rapidly build the prototype. “As a facilitator of global trade and strong advocate of innovation, APL sees much potential in blockchain technology to accelerate the digital transformation of the container shipping industry, moving us from traditional paper-based transactions to more efficient, more secure and faster processes along the entire supply chain,” said Eddie Ng, head of Strategic Liner Management at APL. “We are therefore happy to be part of the exciting journey to explore how disruptive technology like blockchain can benefit our industry, and ultimately our shippers and their customers.” Kuehne + Nagel International cio Martin Kolbe said: “As part of Kuehne + Nagel’s digitalization strategy, we explore innovative technologies to create benefits for our customers. Blockchain is one of the most promising technologies in logistics. It has the potential to digitalize many of today’s paper-based processes and overcome the multitude of different interfaces. From our perspective, the open and collaborative approach applied in this project is key to gaining traction in the industry and the required market acceptance.” “We continually evaluate new technologies and innovations to enhance our operations to meet consumer needs and deliver the freshest beer,” said AB InBev international logistic vp Danillo Figueiredo. “Blockchain technology will be transformational to our business and the world. It reduces mistakes, digitizes information and improves the supply chain process so we can focus on our core business of brewing the best beers for consumers.” An international shipment of goods for companies in areas such as the automotive, retail or consumer goods industries typically requires more than 20 different documents, which can reduce real-time visibility and ultimately result in delayed financial settlement on goods. The blockchain solution can speed up the entire flow of transport documents and reduce the requirement for data entry by up to 80%. The reduction or elimination of printed shipping documents is seen potentially saving the freight and logistics industry hundreds of millions of dollars annually.

Asian Bulk Logistics to spread wings beyond Indonesia

PostTime:2018-03-19 08:55:47 View:2

Jakarta-based shipowner and operator Asian Bulk Logistics (ABL) is looking at expanding its horizons beyond the Indonesian market to develop a global bulk shipping fleet, initially launching a programme to expand its network of operations in the Indonesian bulk shipping sector. ABL, one of the leading providers of integrated logistics and transportation solutions for the mining and commodities industry, is initially investing in Cargo Transfer Ships and barges to increase its service offering in the Indonesian coal sector, it said in a press release. “We see many opportunities in the bulk shipping sector, our roots are in Indonesian coal mining, so it is natural for us to operate and manage our own Cargo Transfer Ships and expand our fleet of barges to better serve our customers in the local mining sector,” said ABL president director Ika Bethari. ABL deputy ceo Captain Pappu Sastry said: “The company’s goals are to develop ship owning, logistics and shipping concepts. We will also provide logistics support by utilising our owned and chartered fleet of vessels within Indonesia.” Indonesia recently reiterated a ruling essentially declaring a cabotage rule on coal, among other key commodities. The company is laying the foundations to become a top-quality shipping and logistics player and has received a national long-term rating of ‘BBB (idn)’ from Fitch one of the largest credit rating agencies worldwide. ABL counts top commodities firms such as Trafigura among its clients. According to its website, ABL has an owned fleet of four Cargo Transter Ships, mostly working in Kalimantan, where the shallow rivers require coal to be transferred to ships lying further offshore. They are dual RINA and Indonesian BKI (Biro Klasifikasi Indonesia)-classed. ABL is also a member of the Indonesian National Shipowners’ Association (INSA)