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Union of shipping companies received the union of Yusen Logistics VN Co., Ltd.
Friday, 26 January 2018 02:00

Union of Vietnam Shipping Corporation dated 8.1 said that the unit has received the Council of Yusen Logistics Co., Ltd. Vietnam is a member of the Council of shipping partners of Vietnam Shipping Maritime Corporation under the Vietnam Shipbuilding Corporation.

Attending the ceremony were Mr. Le Phan Linh - Member of the Executive Board of Vietnam General Confederation of Labor, Chairman of Vietnam Shipbuilding Corporation; Nguyen Bich Thao - Member of the Vietnam National Shipping Lines, Chairman of the Vietnam Maritime Agency; Le Huy - Deputy General Director of Yusen Logistics Vietnam Co., Ltd; Phan Hoang Quan - Chairman of Yusen Logistics Co., Ltd Vietnam, etc.

 Yusen Logistics Vietnam Co., Ltd specializes in the field of forwarding, warehousing, distribution, import and export, maritime transportation, aviation ... The company is headquartered in Hanoi and 14 branches Rooms in the North, Central, South with 1,506 officers, union members, workers.

Speaking at the ceremony, Vietnam National Shipping Lines Chairman Le Phan Linh expressed his pleasure to receive Yusen Logistics Viet Nam Co., Ltd. to belong to Viet Nam Shipbuilding Corporation.

He suggested that after being upgraded to belong to the Vietnam National Shipping Lines, the Executive Board of Yusen Logistics Vietnam Co., Ltd should strengthen the team, take initiative and creativity in deploying the movement of employees and cooperative activities so that practical, effective, close to the reality of production and business, the organizational model and the labor nature of the company to attract a large number of employees, union members, workers in the company enthusiasm to participate in participation, chalk To create a collective solidarity, responsibility, dedicated, professional.

On behalf of the leaders of Yusen Logistics Vietnam Co., Ltd, Mr. Le Huy thanks for the support and valuable contribution of Vietnam Shipbuilding Corporation and wants the Board of Representatives of Yusen Logistics Vietnam Co. Ltd. and employees of the company Yusen Logistics Vietnam Co., Ltd will continue to develop its internal strengths and take advantage of the company's management to complete the production and business targets. building a strong organization; Taking care of better wages, employment, life, welfare for employees.


Ocean freight rates firm ahead of Chinese New Year
Wednesday, 24 January 2018 03:39

Ocean freight rates will remain firm ahead of Chinese New Year but face downward pressure in March, according to analysts, with some expressing surprise that rates have not risen further this year with containerships currently close to full.


The World Container Index, a composite of container freight rates on eight major routes to/from the US, Europe and Asia, fell 0.2% this week to $1407.58 per 40ft container, said Drewry. The Index is now down 21.5% from the same period of 2017 and is $175 lower than the five-year average of $1,584 per FEU.

But freight forwarder Flexport, in its weekly market update from 10 January, said space remains tight on transpacific and Asia-Europe lanes, adding: “End-of-year blank sailings have led to cargo overflows, further tightening space this week.”

On an individual trade lane basis, Flexport reported that rates have been declining slightly this week from Asia to the US West Coast, despite the lack of space, and from Asia to the US east coast, Flexport said the 1 January GRI was “holding tight”. On Asia-Europe, a GRI on 8 January was implemented at about $300 per feu.

Flexport expects general rate increases (GRIs) from lines due to be introduced on 15 January to drive upward pricing momentum on all three of these major lanes through to the start of Chinese New Year on 16 February. “Factories in China will be closed or operating at diminished capacity for at least four weeks around that time,” said Flexport. “Because of increased demand [ahead of the closures], rates will stay up and space will be more difficult to secure − both trends that will continue through the start of Chinese New Year.”

Lines are currently, therefore, in a strong position on the Asia-North Europe trade and most ships are currently full, according to ClipperMaritime consultant Neil Dekker. “Anecdotal feedback confirms that there are roll-pools of a few hundred boxes here and there at key Chinese ports such as Shanghai and Shenzhen,” he added.

Post-Chinese New Year, the slot supply-demand balance could move back in favour of shippers seeking lower rates. As reported in Lloyd’s Loading List, excess vessel supply is set to be a major drag on rates this year with the total new containership capacity due to be delivered in 2018 expected to reach 1.5 million teu. Given that more than 50% of the newbuilding deliveries are expected to be made up of ULCS from 14,000 teu to 21,000 teu, and most of this capacity is scheduled for delivery in the first half of the year, demand growth will need to spike dramatically to fill all the new slots available to shippers.

Decker said that despite the positive momentum for lines in January, it was striking that spot rates were not rocketing up. “Some 12 Ultra Large Container Vessels of at least 18,000 teu are due for delivery during 1Q18 and lines need to be careful about this deployment and how they manage void sailings – set against how quickly volumes come back on steam in March after the Chinese factory workers return,” he noted.

Eytan Buchman, VP for marketing at online freight market place Freightos, also confirmed that newbuilding deliveries would place a ceiling on ocean freight rates rises this year. “For at least two years now, we have been warned that container slot supply outstripping the growth of demand can only lead to unsustainably low pricing,” he added.

Ocean freight prices dropped significantly after last year’s CNY, which started on 28 January, compared to 16 February this year. In 2017, by the end of March, in comparison to the start of Chinese New Year, Freightos International Rate Index prices were only 63% of their January 28 level on the China-US West Coast trade, 77% on the China-US East Coast, and 69% China-Europe.

“They haven’t recovered to anywhere near pre-CNY prices since,” said Buchman. “We expect prices to track lower through 2018 than last year.

“The longer-term effects of a glut in supply will be that most larger carriers – and there may be other Hanjins, of course − will consolidate their position at the expense of smaller carriers. That’s because they are better resourced to withstand a long period of low pricing.”

Buchman added that it was unlikely shippers would suffer from a repeat this year of the slot shortages suffered during February-April 2017 on the Europe to Asia lane as alliances reshuffled their service networks.

“This seems unlikely with the supersize ships available for use on this lane,” he added. “In fact, there are only 20 ports that can accommodate the largest ships, and they are in East Asia and Europe.

Containership Hits Keelung Port’s Gantry Crane
Monday, 22 January 2018 02:35

A German-flagged container ship, Hansa Meersburg, crashed into a gantry crane as it was berthing at Taiwan’s Keelung Port on Monday night.

The port operator said the 175 m-long container ship was trying to berth at Terminal 11 when it hit the TWD100 million (USD3.3 million) gantry crane, causing it to collapse.

A worker suffered "'moderate" injuries and more than 80 boxes on the container ship were damaged.

The port authorities immediately launched an investigation into the cause of the incident.A statement said investigators sealed off the scene around the terminal to gather evidence and avoid any oil leak caused by the collision.

The collapsed gantry crane will be removed following the necessary safety procedures and the container ship is not allowed to leave the port before the initial investigation is completed.

IHS Markit Maritime AIS tracking data showed that Hansa Meersburg was sailing from Xiamen, China, on 8 January 2018, to Osaka in Japan.

Hansa Meersburg (1,740 teu) was built by Guangzhou Wenchong Shipyard in 2007 and is operated by Cheng Lie Navigation, a subsidiary of CMA CGM Holding. It is owned by Germany's Leonhardt and Blumberg, according to IHS Markit’s Maritime Portal.

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