mai hien

Hapag-Lloyd introduces US$1/TEU EBS, sets $55/TEU peak season surcharge
Monday, 11 June 2018 01:50

GERMAN shipping giant Hapag-Lloyd is to impose a US$1 per TEU emergency bunker surcharge (EBS) on the Asia-North Europe and Asia-Mediterranean trades from July 1, the latest carrier to announce measures to address the rising oil price.

The carrier's surcharge is well below the $55 to $60 per TEU fuel surcharge being levied by Maersk Line, Mediterranean Shipping Co (MSC) and CMA CGM.

In a customer advisory, the Hamburg-based shipping line said the incremental $1 per TEU surcharge will be applied to inbound and outbound containers to and from Asia and Oceania.

However, Hapag-Lloyd surprised the market with a peak season surcharge of $55 per TEU that the ocean carrier said will be levied from today (June 1) on all trades out of China. The Asia-Europe peak season doesn't normally begin until July.

The Hapag-Lloyd bunker surcharge was well under the levels that will be charged by the other carriers, something questioned by Lars Jensen, CEO and partner of Sea Intelligence Consulting.

"Interestingly, Hapag-Lloyd introduced an EBS of $1 per TEU on some major trades. For Maersk Line, the corresponding charge is $60 per TEU and for CMA CGM it is $55 per TEU. MSC has not published an official number. Quite a diverse take on the impact of the increasing oil prices," he said.

The carrier surcharges have been met with strong disapproval by beneficial cargo owners (BCOs). One of the more outspoken shippers has been Bjorn Vang Jensen, vice president of global logistics at Electrolux.

"I'd love to see carriers' reaction if we wrote them all a mass mail along the lines of, 'due to the recent increases in steel prices, we hereby arbitrarily decrease the freight rates by 20 per cent, effective immediately and notwithstanding any other agreements'," he wrote in a LinkedIn post. "Something tells me our cargo would be spending a lot of time on the wharf at the port of origin."

Mr Jensen said the reality was that carriers needed to have their costs covered and running loss-making services was not in the long-term interests of shippers, as seen in the Hanjin bankruptcy, reports IHS Media.

"But it seems evident that years of rate erosion and quite fierce price competition have led to a point where carriers appear not to believe in their own market power in terms of raising the actual freight rates, but need to point to a plethora of surcharges to get properly compensated," he said.

"The EBS is merely an additional symptom of this, and that is likely why the logic behind the EBS seems to be somewhat lacking, because de facto the problem being addressed is not an exceptional increase in fuel price, it is the collapse of the BAF mechanism itself over the past years."

Invest 1,161 billions vietnam dong in reinventing and upgrading Cai Mep - Thi Vai Fairway.
Friday, 08 June 2018 01:45

Vietnam Maritime Administration has just suggest to Transport Ministry to consider and accept the Project of Reinventing and Upgrading Cai Mep - Thi Vai Flow from Passing buoy “No. 0” to CMIT by budgetary resources.
This project has been invested about 1,161 billions vietnam dong and predged from Passing buoy “No. 0” to CMIT with the length of 29,68 kms, width of 350 m and height of 5,5 m which is guaranteed to 160,000 DWT (14,000 TEUs) with 2 ways operation.

If this project is accepted, it will be developed in 2018-2020. At present, the fairway sounding is only about 14m which is received about 8,000 Teus, the larger one must be reduced. That is the reason why the vessels of loading at CMIT only has 45-50% their capacity.

Ba ria Vung tau presently has 7 container ports which are operated with the capacity about 6,8 millions Teus and succesful in calling vessels of 100,000 DWT, at CMIT with the 157,000 DWT ones.

Deputy Minister of Transport Nguyen Van Cong had said " Due to lacking of transportation infrastructure, one way and substandard marine fairway which is made the smaller number of calling at vessels at CMIT than international transit hub.

In order to develop it, it is necessary inreinventing and upgrading Cai Mep - Thi Vai Fairway especially from Passing buoy “No. 0” to CMIT to attract more vessels.

Ocean Network Express' (ONE) first magenta coloured containership has been making its debut at Asian ports.
Wednesday, 06 June 2018 01:40

The 8,560 teu ONE Committment is the first vessel to be painted in ONE's distinctive magenta branding and is deployed on THE Alliance's transpacific PN2 service.

The ONE Committment started her maiden voyage from Singapore 15 May calling Laem Chabang, Cai Mep and Kaohsiung before calling in Yantian International Container Terminal (YICT), China on 25 May (pictured).


“ONE is excited to unveil our first magenta vessel and we would like to thank YICT on this monumental occasion. Her arrival is hailed as a significant milestone for ONE,” said Shunichiro Mizukami, region head of East Asia, managing director, ONE (East Asia).


From Yantian the vessel will cross the Pacific to call Tacoma and Vancouver.

On the return voyage the ONE Commitment will call the ports of Tokyo, Kobe, Kaohsiung and Singapore.

ONE is a joint venture of the container line divisions of Japanese shipowners NYK, Mitsui OSK Lines, and K Line, which is headquartered in Singapore and started operations on 1 April.

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 7 of 592