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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.

 
ASEAN economic ministers ink first e-commerce agreement
Thursday, 29 November 2018 01:41

Economic ministers from the Association of Southeast Asian Nations (ASEAN) on Monday (Nov 12) signed an agreement to facilitate cross-border e-commerce transactions within the region.

The agreement, finalised after nine rounds of negotiations which started last June, is the grouping's first agreement on e-commerce.

Apart from aiming to facilitate cross-border e-commerce transactions, the newly signed pact will look to foster an environment of trust and confidence in the use of e-commerce, said Singapore Trade and Industry Minister Chan Chun Sing at the signing ceremony held on the sidelines of the 17th ASEAN Economic Community (AEC) Council Meeting.

It also aims to deepen cooperation among ASEAN member states so as to spur the use of e-commerce as a way of driving regional economic growth.

Mr Chan said the agreement will encourage paperless trading between businesses and governments, which can generate more rapid and efficient transactions in ASEAN.

Businesses can access and move data across borders more easily, subject to appropriate safeguards, he added.

On that, ASEAN has taken steps to promote better consumer and personal data protection through the use of online dispute resolution mechanisms to facilitate the resolution of e-commerce claims, said Mr Chan.

Sustained economic growth and a young, digitally-savvy population are among factors driving ASEAN's Internet economy, which is expected to hit US$200 billion by 2025. Of which, e-commerce is set to grow to US$88 billion.

Mr Chan said the region's potential has attracted many foreign players, such as Amazon and Alibaba.

On top of that, Southeast Asia has seen the rise of ASEAN-based unicorns, like Singapore-based Lazada and Indonesia's Tokopedia, that now have a sizable presence in the region's e-commerce market.

However, adoption remains in its infancy compared to China and the United States, said Mr Chan.

He referred to non-tariff barriers, including logistics and cross-border digital regulations, that remain as challenges for small- and medium-sized enterprises looking.

"This agreement will help bolster the trust and confidence of ASEAN consumers in e-commerce and drive adoption. In doing so, we will enable ASEAN businesses to grow domestically, regionally and globally," he said.

 
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