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Hapag-Lloyd says consolidation no longer the name of game for container shipping
Monday, 10 December 2018 02:26

Hapag-Lloyd says that size is no longer the name of the game in container shipping with consolidation becoming less attractive in the sector as it sets out its strategy to 2023.

The world's fifth largest container line has itself been a part of the wave of consolidation seen in container shipping in recent years taking over United Arab Shipping Co (UASC) and is now twice the size it was in 2014 in terms of capacity.

“Size is not the name of the game anymore, but customer orientation. It is obvious that customers expect more reliable supply chains, so our industry needs to change and invest more. At the same time, we know that people are prepared to pay for value,” said Rolf Habben Jansen, ceo of Hapag-Lloyd.

The company said that consolidation was now less attractive to the leading players due to decreasing incremental benefits of economy of scale. The result is the German company believes the industry is at a turning point and will put its focus on improving its quality of service to customers to a level it claims will be “unrivalled”.

 

“Going forward, delivering value to get the most attractive cargo on board is at the heart of our new Strategy 2023. To be number one for quality is the ultimate promise to our customers and a strong differentiator from our competitors,” Habben-Jansen said.

Cost savings are a major part of Hapag Lloyd's strategy with it aiming for a run-rate of $350m to 400m and a EBITDA margin of around 12%. Cost initiatives will focus on network optimisation, terminal partnering and further improvements in procurement and container steering. At the same time it is looking to improve reliability and service quality

There will be more investments in digitalisation and among these is aim to increase online business via its web channel to 15% by 2023.

 
Vietnam’s logistics costs equal to 17% of GDP
Friday, 07 December 2018 02:44

The average logistics costs of Vietnam are equivalent to some 16-17% of the nation's gross domestic product (GDP), according to the Vietnam Logistics Association (VLA).

Nguyen Tuong, senior consultant to the VLA, told the Saigon Times on the sidelines of the association’s annual conference, held in HCMC on November 17, that the issue of logistics costs is one of the main topics of the first VLA White Paper ever released.

He cited the finding of the VLA in August this year that high-value manufacturing sectors, such as automobiles, electronic components, steel and iron, have logistics costs that amount to less than 5% of their total costs.

Meanwhile, the figure for the sectors of consumer goods, ecommerce, supermarkets, garments and agricultural products ranges from 10% to 20%.

Among logistics costs, transport costs make up the highest proportion, at 60%-80%, followed by costs for loading and unloading and customs clearance procedures.

He concluded that Vietnam’s logistics costs accounted for 14.5%-19.2% of GDP last year. The current figure ranges from 16% to 17% on average.

“Logistics costs in Vietnam are higher than those of developed countries. For example, Singapore is at 8.5% and Thailand, at 15%,” he said.

The logistics sector last year registered growth of 12-14% from a year earlier, while its contributions to the 2017 GDP reached some 4-5%, according to the white paper.

The ratio of outsourcing, which refers to the practice of hiring other companies to conduct logistics, amounted to roughly 60-70%.

The VLA ranked Vietnam 39th out of 160 economies, putting it in second place among Southeast Asian countries on the logistics performance index.

The 2018 edition of the VLA White Paper is based on survey statistics from 156 firms across the country. The paper is expected to be published every two years.

 
SITC International and Sinochem International Signed Logistics Cooperation Framework Agreement
Wednesday, 05 December 2018 01:43

On November 19, 2018, SITC International and Sinochem International signed a logistics cooperation framework agreement at Sinochem International Plaza. President of SITC Shipping Group Xue Mingyuan, President of SITC Logistics Group Lai Zhiyong, General Manager of Sinochem International Liu Hongsheng and Deputy General Manager Wang Jun attended the signing ceremony.
The signing of the cooperation agreement will promote the comprehensive logistics business cooperation between the two companies and their subsidiaries domestic and abroad. Through the integration of advantages and strengths, the two companies will enhance respective service quality and efficiency, enhance market position and comprehensive competitiveness, and will achieve a win-win result.

 
Evergreen finalises feeder newbuildings, adjusts charter plans
Monday, 03 December 2018 03:14

Evergreen Marine Corporation has confirmed orders for four 2,500 teu box ships.

The Taiwanese liner operator said in a filing to the Taiwan Stock Exchange that the newbuildings have been commissioned at Jiangnan Shipyard (Group) Co, Ltd of China. Delivery is set for 2020.

Collectively, the ships are priced at USD124–140 million, working out to USD31–35 million, and would be registered to Evergreen’s Hong Kong-incorporated subsidiary, Evergreen Marine (Hong Kong) Ltd.

Shipbrokers stated that the order comes with options for another four vessels.

Separately, Evergreen disclosed that its management has decided to adjust its plans with regard to long-term bareboat charters of feeder vessels.

Evergreen Marine (Hong Kong) Ltd and Peony Investment will each charter a dozen 1,800 teu ships and five 2,500 teu ships. This is a reduction from Evergreen’s earlier announcement, in August, that its subsidiaries would each charter a dozen 1,800 teu ships and seven 2,500 teu ships.

Evergreen explained that the moderation was made after reviewing its fleet strategy.

Discussions with the tonnage providers are still under way.

Tonnage providers said to be under consideration for the charter contracts are Shoei Kisen Kaisha, Mitsui & Co, and Jinyu Shipping.

The company’s announcement comes just days after its compatriot rival, Wan Hai Lines, finalised a substantial newbuilding order for 20 feeder ships.

Taiwan’s three largest container shipping businesses have commissioned newbuildings this year.

In August, Yang Ming Marine Transport places 10 orders for 2,800 teu container ships from CSBC Corporation, with options for another four units.

Evergreen has also committed to 20 11,000 teu newbuildings, 8 of which were directly ordered from Samsung Heavy Industries and 12 units that will be on long-term charter from Shoei Kisen Kaisha. The latter is the shipowning affiliate of Imabari Shipbuilding, which is building the vessels. All 20 units are expected to be completed from 2020–21.

As 2018 draws to a close, more than 100 feeder ships have been contracted from shipbuilders as operators renew their fleet of smaller ships. This already exceeds the 50 feeder ships that were contracted in the entire 2017.

The focus on mega container ships in the early years of this decade saw liner operators ordering mainly this vessel type.

A high number of demolitions and an ageing fleet have caused charter rates for feeder ships to rise, and operators are increasing their owned fleet to reduce charter costs. Charter rates are now at a three-year high of USD8,000–11,000/day.

 
DHL eCommerce delivers for adidas in Thailand to enable over 40% growth in their online store
Friday, 30 November 2018 02:14

DHL eCommerce, a division of the world's leading logistics company Deustche Post DHL Group, has facilitated growth of over 40% for adidas Thailand's retail revenue by enabling deliveries for the adidas.co.th site. The e-commerce channel launched in June 2015 and since co-operating with DHL in May 2017, Thai consumers are able to have their purchases delivered same-day or next-day within greater Bangkok and 2-3 days to other remote areas.

adidas.co.th offers a wide range of adidas products including limited edition items which may not be available in the physical stores. Customers can browse online and shop for unique styles and sizes without having to hop from store to store. With 18 physical stores across Thailand, DHL eCommerce will begin to leverage adidas' retail footprint for e-commerce fulfillment by picking up orders from adidas stores and delivering to customers by Q2 2019.

Jirot Paowisit, adidas' Senior Manager of Operations for Thailand said, "E-Commerce is making a true impact not only in the way we sell and deliver our products, but also in how we engage our consumers. We are pleased to make adidas products more easily and conveniently available and we are excited to work with a strong logistics partner like DHL. Besides the excellent delivery service to our customers, their solutions have enabled us to fulfil more orders a day by optimizing our operations for fast e-commerce fulfillment."

"E-Commerce is a growing channel for adidas and with Thailand's increasing e-commerce adoption with the total share of e-commerce expected to more than double in the coming years, we are certain that there will be more adidas fans choosing to shop on our online store. We are pleased with DHL eCommerce's high quality delivery performance which plays an important role in our e-commerce strategy." said Suphalada Chalitpattanangkune, E-Commerce Manager for adidas Thailand.

"Over 57% of shoppers will likely not shop with a retailer again if they had a bad delivery experience, showing how important the quality of delivery is for a retailer's brand image and customer loyalty. We are proud to enable adidas to deliver quickly and conveniently to their consumers with a successful delivery performance of 99% consistently since we started shipping for them in 2017," said Kiattichai Pitpreecha, Managing Director, Southeast Asia, DHL eCommerce.

"With DHL's fully-owned domestic delivery network with full nationwide coverage across Thailand, adidas fans from anywhere in Thailand will be able to shop online easily with the assurance of a great delivery experience." DHL eCommerce worked with adidas in Thailand to offer nationwide domestic delivery to customers in Thailand. DHL eCommerce Thailand also enables cash-on-delivery for consumers, easy returns process and tracking visibility to allow consumers to easily track the progress of their delivery.

DHL eCommerce is part of Deutsche Post DHL Group, established in 2014 as part of the Group's growing focus in e-commerce logistics solutions. DHL has been in Thailand since 1973 with its sister divisions DHL Express, DHL Supply Chain and DHL Global Forwarding.

 
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