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Drewry says new alliance schedules won't ease Asia–Med overcapacity concerns - The Loadstar

Drewry says new alliance schedules won't ease Asia–Med overcapacity concerns - The Loadstar | AUTF Veille marché | Scoop.it

The Asia-Mediterranean trade is still “over-tonnaged”, with headhaul ship utilisation below other major east–west markets, according to Drewry.
And it believes the new alliance schedules for next April “do nothing to address this issue”.
Drewry Maritime Research data reveals that Asia–Mediterranean headhaul slot supply had grown 12%, year on year, by August, against container traffic expansion of about 3%.

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OCEAN Alliance Unveils Services Network

Members of the OCEAN Alliance have signed the Day One Product document, setting out the proposed network, including port rotation for each service loop.

Under the agreement, the French shipping company CMA CGM, China’s COSCO Container Lines, Hong Kong-based Orient Overseas Container Line (OOCL) and Taiwanese Evergreen Line, plan to deploy around 350 container vessels with an estimated total carrying capacity of 3.5 million TEUs.
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Prospect of higher spot rates puts pressure on shippers for 2017 contract talks - The Loadstar

Prospect of higher spot rates puts pressure on shippers for 2017 contract talks - The Loadstar | AUTF Veille marché | Scoop.it
Today's jump in SCFI rates from Asia-Europe signals the beginning of a prcing recovery in both spot and contract rates, say analysts
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Freight rate news is rough, but there may be smoother sailing ahead for container lines - The Loadstar

Freight rate news is rough, but there may be smoother sailing ahead for container lines - The Loadstar | AUTF Veille marché | Scoop.it
Mid-month GRI (general rate increase) and FAK (freight all kinds) container freight rate hikes by Asia – Europe ocean carriers have so far failed to lift container spot rates on the route, which remained stubbornly flat this week.
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OCEAN Alliance Receives Approval from FMC

The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016.

 The OCEAN Alliance is comprised of French shipping company CMA CGM, China’s COSCO Shipping, Hong Kong-based Orient Overseas Container Line (OOCL) and Taiwanese Evergreen
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Silver lining for carriers may be in sight as clouds over Asia-N Europe rates begin to clear - The Loadstar

Silver lining for carriers may be in sight as clouds over Asia-N Europe rates begin to clear - The Loadstar | AUTF Veille marché | Scoop.it
Container shipping rates on the main east-west trades rose this week, reversing two weeks of decline, with analysts predicting a continuing upward trend. Spot rates recorded on the Shanghai Containerized Freight Index (SCFI) this week rose 8% on the Asia-North Europe leg, to $755 per teu. This followed a week off for the SCFI as China went into celebration mode for its Golden Week.
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Technology and upfront payments is the way out of shipping's vicious circle, says Maersk - The Loadstar

Technology and upfront payments is the way out of shipping's vicious circle, says Maersk - The Loadstar | AUTF Veille marché | Scoop.it
Container shipping must undergo digitisation and shift to upfront payments to climb out of its current groundhog day financial depression.
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Drewry Finds Risk of Carrier Failure Still High

Drewry Finds Risk of Carrier Failure Still High | AUTF Veille marché | Scoop.it
Drewry’s Z-score carrier financial stress index sunk to its lowest ever point following the first-half 2016 results. After Hanjin’s bankruptcy shippers are demanding more financial transparency from carriers.
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US furniture shipper facing million-dollar post-Hanjin tab for stranded goods and container storage - The Loadstar

US furniture shipper facing million-dollar post-Hanjin tab for stranded goods and container storage - The Loadstar | AUTF Veille marché | Scoop.it
Shipper and forwarder lodge claims that Hanjin refuses tos release cargo unless extra payments are made
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Hanjin ripples in container spot rate arena are smoothing out, according to SCFI - The Loadstar

Hanjin ripples in container spot rate arena are smoothing out, according to SCFI - The Loadstar | AUTF Veille marché | Scoop.it
The spike in container spot rates in the immediate aftermath of Hanjin Shipping's collapse appears to have petered out according to the SCFI, and ocean carriers are having to revise plans for extra loaders on the Asia – Europe route.
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ESC Urges Terminals to Release Hanjin Shipping’s Containers

The European Shippers’ Council (ESC) has called on terminals that currently hold containers because of the financial troubles of container liner Hanjin Shipping, to “release those containers immediately.”
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An eerie lull in spot market as rates game gets critical for ocean carriers - The Loadstar

An eerie lull in spot market as rates game gets critical for ocean carriers - The Loadstar | AUTF Veille marché | Scoop.it
There was an eerie lull in the container spot market this week as the Shanghai Containerized Freight Index (SCFI) recorded only minor adjustments in freight rates across the main tradelanes. The Asia-Europe components of the SCFI recorded spot rates for North Europe at $695 per teu, while for Mediterranean ports the rate was $553 per teu.
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Maersk and CMA CGM Eyeing Hamburg Süd

Container shipping giants Maersk and CMA CGM are the two frontrunners in the race for Hamburg Süd, but the high asking price could prove to be the main stumbling block, according to container shipping analyst Alphaliner.
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THE Alliance is next new container shipping group to unveil planned services - The Loadstar

THE Alliance is next new container shipping group to unveil planned services - The Loadstar | AUTF Veille marché | Scoop.it
THE Alliance members today published their east-west network for next year, but questions over UK gateway and Asia hubs remain
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Moody’s Downgrades NYK Line, Outlook Negative

The issuer rating of one of Japan’s Big Three shipping companies, Nippon Yusen Kabushiki Kaisha (NYK Line), has been downgraded to Baa3 from Baa2 with negative outlook, according to ratings agency Moody’s Japan K.K. Consequently, the company’s earnings recovery has been and will likely remain much slower than Moody’s had previously anticipated.
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Japanese Shipping Companies to Merge Container Operations – gCaptain

Japanese Shipping Companies to Merge Container Operations – gCaptain | AUTF Veille marché | Scoop.it
Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., Japan’s three largest shipping companies, agreed to merge their container operations into one company. Their shares surged. The joint company will be set up by July 1, according to a joint statement distributed in Tokyo Monday. Combining the container line business of the three Japanese companies will create an entity that will have a market share of 7 percent, making it the world’s sixth largest, according to the firms.
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Dutch Firms to Visit Iran, Explore Economic Opportunities

Port development and maritime technology will be in focus of the visit of the Netherlands’ Minister of Infrastructure and the Environment Melanie Schultz van Haegen-Maas Geesteranus and a delegation of Dutch companies to Iran from October 23 to 28, 2016.
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Drewry: Gradual Recovery Expected in Container Shipping

Despite continuing concerns of weak trade growth and fleet oversupply in the container shipping market, a gradual market recovery is now expected, according to shipping consultancy Drewry. Worse than expected second quarter financial results will be followed by a better second half-year. But Drewry still expects container carriers to record a collective operating loss of USD 5 billion this year.
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IHS Markit: Productivity Slows Down at World’s Top 30 Container Ports

Productivity Slows Down at World’s Top 30 Container Ports.
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Alphaliner: Carrier Impairment Losses Could Reach USD 35 Bn

Empty desAfter it said that it expects an extraordinary loss of JPY 100 billion (USD 972 million) on its containership assets, Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) is set to recognise the largest ever impairment loss in container shipping history, according to Alphaliner.cription
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Nervous shippers eye container lines warily as losses mount and margins sink - The Loadstar

Nervous shippers eye container lines warily as losses mount and margins sink - The Loadstar | AUTF Veille marché | Scoop.it
What chance of further shipping bankruptcies in the wake of Hanjin Shipping's collapse?
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FOB vs FCA and how the Hanjin bankruptcy can still screw you - The Loadstar

FOB vs FCA and how the Hanjin bankruptcy can still screw you - The Loadstar | AUTF Veille marché | Scoop.it
A very interesting blog from the director of global supply chain at Hampton Products. It explains Free on Board and Free to Carrier – and why both exporters and importers should use the latter to ensure there is clarity over risk and fees in the result of a supply chain disruption – such as Hanjin’s bankruptcy.  Both the shipper and the buyer need to understand the concepts involved and mak
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Shippers demand terminals free Hanjin containers and drop huge release fees - The Loadstar

Shippers demand terminals free Hanjin containers and drop huge release fees - The Loadstar | AUTF Veille marché | Scoop.it
Rotterdam court rules terminal operator cannot charge high lump sums for releasing Hanjin containers
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Shippers face soaring rates as they battle for alternative space after Hanjin collapse - The Loadstar

Shippers face soaring rates as they battle for alternative space after Hanjin collapse - The Loadstar | AUTF Veille marché | Scoop.it
The effect of Hanjin's bankruptcy on ocean shipping rates has been immediate, with prices soaring on this week's SCFI and space limited
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