#Morningenergy Good morning~~~
2017年5月31日星期三
MPC Container Ships Gets Listed on Merkur Market
MPC Container Ships AS, the recently formed subsidiary of MPC Capital AG, has received the approval for admission to trading of its shares on Oslo Børs’ Merkur Market.
Trading is expected to commence on May 31, 2017, under the ticker symbol “MPCC-ME”.
“This listing reflects the company’s strategy for its shares to be listed on a reputable stock exchange and to provide its shareholder base an appropriate platform for trading,” MPC Container Ships AS said in a statement.
As informed, no new shares are to be issued in connection with the admission to trading on Merkur Market.
Established in April 2017, MPC Container Ships’ main activity is to own and operate a portfolio of container vessels with a focus on the feeder segment between 1,000 and 3,000 TEU.
Last week, the Oslo-based company acquired seven boxships with capacities ranging between 966 TEU and 2,824 TEU for USD 38 million. Five of the vessels have already been taken over, and the remaining two are slated for delivery by the end of June 2017.
In addition, MPC Container Ships has agreed to add one 1,200 TEU, one 2,500 TEU and four 2,800 TEU vessels to its fleet.
See more at here.
2017年5月30日星期二
How is shipping internationally different than shipping domestically?
While there are a lot of similarities between shipping domestically and internationally, there’s also a world of difference between the two.
Transporting Goods
Shipping domestically is fairly straight forward, and is typically done via rail or over the road. However, when you’re shipping internationally, there are many more factors to consider. Not only will you have to factor in a higher cost of shipping and longer transit times, but also the international trade regulations for both countries that will impact the process. Failure to comply with these regulations is not only costly, but the fines and penalties for breaking them can offset any profitability of operating in foreign markets. Because of this, it’s important to make sure that the goods, method of shipping, and documentation are both in order and compliant with these regulations to avoid potential delays and fines.
Additional Fees
Another thing to consider in the differences between domestic and international shipping is the taxes, tariffs and fees that come with it. When shipping domestically, these fees tend to be minimal. When shipping to a different country, however, there are a much wider array of expenses that need to be considered, regardless of how the freight is actually being shipped (land, sea or air.) It’s important to understand the various fees, taxes, and charges associated with international shipping and make sure your prices are adjusted accordingly.
A Difference of Interpretation
This a common, yet easily forgotten, issue when it comes to shipping internationally. Domestic shipping doesn’t (typically) face the issues and barriers that come with working with a foreign country. It’s beyond important that both parties understand the customs and languages of one another to avoid potential misunderstandings when conducting trade. This aspect alone can greatly increase the complexity of the paperwork involved when coming to an agreement, which is often why a mediator is suggested. Yet another barrier to overcome is the rate of exchange between differing currencies. It’s important that both parties understand what the current exchange rate is when brokering a deal. While shipping domestically is certainly easier, it limits the range of your company.
Exposure to the global market not only provides exponential opportunities for growth, but increased profit as well. This potential is not without risk, however. There are many pitfalls you should be aware of, as international shipping becomes more and more complex. Having a good understanding of these complexities, as well as paying careful attention to the processes required will help to prevent these pitfalls.
See more at here.
New Concept: NAPA Presents New Ship Performance Monitoring Service
Maritime software, services and data analysis provider NAPA launched a new concept of ship performance monitoring, the web service NAPA Fleet Intelligence.
The cloud-based web service for fleet operational insight will offer quick and easy access to high-accuracy performance monitoring for any vessel, regardless of ownership or charterer, according to NAPA. For charterers and cash-strapped owners, it will deliver simple, transparent, affordable and accurate efficiency data to drive competitiveness and profitability with zero installation and zero disruption to operations.
Available through a scaling subscription depending on the number of ships customers require data on, NAPA Fleet Intelligence delivers voyage-by-voyage analysis of fuel efficiency for any conventionally powered vessel dating back as far as January 2015.
It combines vessel design information with remote-sensed data such as AIS, chart data and environmental data, incorporating algorithms and hydrodynamic calculations developed by NAPA’s in-house ship operations data and analytics experts, based on detailed ship performance models for each vessel type.
The final report shows voyage-by-voyage data on the route taken, speed profile and fuel efficiency, as well as what the optimised speed profile would have been so that customers can improve the next voyage.
NAPA said that its Fleet Intelligence reports have been verified against real-world ship performance data collected by NAPA’s on-board vessel performance monitoring systems, and accuracy was found to average around 95%.
“By ensuring highly accurate ship efficiency data is accessible with a very low barrier to entry, requiring only a web browser and a subscription, NAPA Fleet Intelligence will democratise the use of ship performance data across the industry,” Naoki Mizutani, Executive Vice President of NAPA Shipping Solutions, said.
“We see this as a game changer, making the shift to data-driven business decisions possible for any maritime business, which is in line with our mission to improve safety and efficiency of the whole industry,” Mizutani added.
See more at here.
#Morningenergy May 31, 2017
#Morningenergy Good morning every friends~~~
Life is too short to be anything but happy.
http://www.sowoll.com/
2017年5月26日星期五
Port of Melbourne Has Victoria Covered Until 2055
The estimate follows a request from the Special Minister of State in May 2016 for Infrastructure Victoria, an independent statutory authority, to develop independent advice on when to invest in container port capacity and whether a second container port should be located at the existing Port of Hastings, or a new Bay West location.
Infrastructure Victoria advised the government to optimise the capacity at Victoria’s existing commercial portsbefore any investment in a second major container port is made, adding that once the second major container port is needed, Bay West would be the preferred location for it.
“Our advice is based on the best available evidence – including new data and technical analysis which was released transparently for consultation – and considers the economic, social, environmental and urban planning benefits and impacts,” Michel Masson, Infrastructure Victoria CEO, said.
Masson said increasing capacity at the Port of Melbourne to 8 million TEU would require a holistic approach to ports planning and would require some existing trades to be relocated to Victoria’s other commercial ports.
“The Port of Hastings will be an important part of Victoria’s future commercial port network and is particularly well suited to handling automotive trade, while the Ports of Geelong and Portland could grow their existing trades and support emerging supply chains,” Mason said.
“Once the Port of Melbourne reaches 8 million TEU, we think it makes better economic, social and urban planning sense to move some container trade to a new port at Bay West. Bay West has strong transport, land use, environmental and amenity advantages when compared to Hastings. It can initially handle overflow container capacity, but is also well suited to becoming Melbourne’s future container port in the longer term.”
See more at here
#Morningenergy May 27, 2017
#Morningenergy Good morning Saturday~~~
Nobody really cares if you're miserable, so you might as well be happy.
2017年5月25日星期四
IEA: Shipping Lagging Behind in CO2 Reduction
The shipping industry will have to commit to more ambitious policies, and fast, if it wants to get on track with the adoption of clean technologies and meet the energy efficiency design index (EEDI) requirements, the International energy Agency (IEA) said.
Namely, in its latest report titled “Tracking Clean Energy Progress: 2017” the agency said that the international shipping industry is not on track with meeting the 2°C scenario targets by 2025.
“Meeting the 2DS requires the global shipping fleet to improve its fuel efficiency per vehicle-km at an annual rate of 2.3% between 2015 and 2025. Yet, the EEDI of the International Maritime Organization (IMO), applying to new ships only results in a fleet average improvement of 1% to 2025,” the report reads.
Despite the fact that the IMO has made progress in agreeing on regulations on reducing sulphur oxide (SOx) and nitrogen oxide (NOx) emissions from ships, its GHG policy is still under consideration, with an initial GHG strategy expected by 2018, which will be a stepping stone to the final strategy expected by 2023.
“Implementing IMO’s final GHG strategy only by 2023 will have very little impact on the possibility of meeting 2025 2DS targets,” the IEA stressed.
“Getting on track with the 2DS requires an annual efficiency improvement of 1.9% MJ per vehicle kilometre (MJ/vkm), and 2.3% MJ per tonne kilometre (MJ/tkm), between 2015 and 2025. This can be achieved by exploiting the efficiency improvement potential for new and current ships and the adoption of operational improvements. Efficiency technologies available today could roughly halve the average fuel consumption per vehicle kilometre of new ships (IEA estimate based on Smith et al., 2016). This will need to be complemented by the use of advanced biofuels.”
As a result, for 2017 the agency has recommended several steps for the sector to up its game on the matter including strengthening of enforcement mechanisms for emissions from ships and the EEDI, including inspections, sanctions and legal frameworks, to ensure compliance with IMO measures.
In addition, the IEA believes that the industry should stimulate the engagement of ports in encouraging GHG reductions in ships, e.g. with bonus/malus schemes supporting clean ships from fees applied to ships with poorer environmental performances, and introduce carbon taxes on shipping fuels based on their life cycle GHG emissions.
A global sulphur cap of 0.5% on marine fuels is scheduled to come into force in 2020. Meeting this cap will require significant changes in the fuel mix and may lead to higher maritime fuel prices.
According to IEA, heavy fuel oil (HFO) currently still holds the biggest portion in the fuel mix with 84% percent stake. In order to cut the C02 emissions this would have to be desulphurised or replaced by low-sulphur diesel, LNG, biofuels or other synthetic fuels. Alternatively, vessels will need to be equipped with scrubbers to reduce emissions of SOx.
#Morningenergy May 26, 2017
#Morningenergy Good morning Friday~~~
The best color in the whole world, is the one that looks good on you!
Notice: New Shuttle Service to Combat Congestion in Shanghai
Logistics company Kuehne + Nagel signed a strategic cooperation agreement with Jiangsu Taicang Port Authority and Shanghai Port Authority Zhenghe Terminal to provide a sea link between the Shanghai and Taicang ports.
Under the agreement, Kuehne + Nagel will cooperate with both port authorities to support the shuttle service which is said to be in line with the Jiangsu Provincial Government strategic development plan to bring greater attention to the Taicang Port area. The Port of Taicang, located at the south bank of the Yangtze River estuary near Shanghai, is considered to be a significant satellite port to Shanghai’s Yangshan megaport.
According to Kuehne + Nagel, the sea-link aims to reduce CO2 emissions and improve efficiency by serving as a greener alternative to trucking between Jiangsu and Shanghai. This is expected to have the added benefit of reducing vehicles on Shanghai’s heavily congested roads.
The cooperation also intends to showcase Taicang as an international satellite port within the Shanghai Yangtze river estuary area, helping to aggregate high traffic at Shanghai Yangshan port.
“We are very pleased to enter this strategic agreement with Kuehne + Nagel … to support the development of the “Shanghai to Taicang Express” shuttle. We hope this cooperation will place a spotlight on the capabilities and ongoing expansion of Taicang port, ensuring market awareness on an even greater international scale,” Shao Jian Lin, Director of Taicang Port Authority, said.
2017年5月24日星期三
KotugSmit Bags Long-Term Towage Deals with MOL
Japanese shipping major Mitsui O.S.K. Lines
(MOL) has signed long-term towage agreements with Kotug Smit Towage (KotugSmit)
effective early 2017.
As disclosed, the agreements cover MOL’s
container,tanker, dry-bulk and car carrier divisions, and relate to the ports
of Rotterdam, Antwerp, Ghent, Terneuzen, Flushing, Bremerhaven, Hamburg, London
and Southampton.
“With this strategic partnership, both organizations aim to boost
their operational performance by benefiting from smart collaboration and
sharing operational knowledge and valuable information,” a joint press
statement said.
“This partnership embodies many years of mutual trust and shared
values in terms of loyalty, commitment and goodwill. The strong relationship
between both our organizations at all levels, from global headquarters, across
different divisions to the operational levels in local ports, resulted in a
good dialogue about optimization of operational performance and efficiency,”
Masao Fukushima, Chief Executive Representative, Europe and Africa of MOL said.
“This partnership with MOL underlines our
principle, believing that harbor towage is about professional cooperation
between all people involved,” KotugSmit’s CEO René Raaijmakers commented.
KotugSmit was established in April 2016
through the merger of the European harbour towage activities of KOTUG
International and Smit, a daughter company of Boskalis, setting as their focus
the European markets. The company’s fleet features 64 tugs.
Hapag-Lloyd: Merger with UASC on Track to Complete by End of May
Everything is on track for the merger
between Germany’s shipping line Hapag-Lloyd and United Arab Shipping Company
(UASC) to be finalized by the end of May, Hapag-Lloyd’s Spokesperson told World
Maritime News.
The statement was given on the back of
media reports that the merger has already been signed off and that the official
confirmation will be released before Hapag-Lloyd’s annual general meeting
scheduled for May 29.
“Currently we are preparing the integration within legal boundaries.
We will issue a more extensive statement within the next two weeks,” the
statement added.
The merger deal was signed in July, 2016,
creating a combined company with a fleet of 237 vessels with a total transport
capacity of around 1.6 million TEU. The new company is expected to handle an
annual transport volume of 10 million TEU and have a combined turnover of
approximately USD 12 billion.
Under the terms of the deal, CSAV, HGV
(City of Hamburg) and Kühne Maritime would remain controlling shareholders of
Hapag-Lloyd. The majority shareholders of UASC, Qatar Holding LLC and The
Public Investment Fund of the Kingdom of Saudi Arabia, will become new key
shareholders of Hapag-Lloyd holding 14 per cent and 10 per cent, respectively.
Initially, the merger was planned to be
completed by the end of March, however the final date was pushed as “the final
preparations” took “more time than expected”.
The German container shipping firm said
earlier that it had obtained all merger clearances and authority approvals as
well as all necessary banking approvals, and that on UASC’s side “substantially
all banking approvals…have been obtained,” stressing that the transaction
itself was not at risk.
The statement was given amid media reports
saying that the deal had been hindered by Qatar.
From 2019 onwards, Hapag-Lloyd expects the
merger to result in annual synergies of USD 435 million. This is offset by
one-off expenses of around USD 150 million resulting from the transaction and
the integration of UASC into Hapag-Lloyd.
Drewry: Rates for Small LPG Vessels to Strengthen Further
Vessel oversupply will persist in the LPG
shipping market for the next two years, keeping freight rates under pressure
across most size segments.
However, the small vessel segment is the
only category where fleet growth will be minimal, leading to a recovery in
rates, according to shipping consultancy Drewry.
Most vessel size segments are expected to
witness another year of rapid supply growth in 2017, with the overall fleet
forecast to expand by 16%. This will keep freight rates under pressure over the
next two years.
However, the small LPG vessel segment
(1,000-5,000 cbm) will be the exception where fleet growth will be minimal and
rates are expected to improve. After growing at an annual rate of 4% over the
last three years, pressurised vessel (p/r) fleet growth will slow to 3% in
2017. Thereafter, p/r fleet growth is likely to turn negative as only one
vessel will be left from the current orderbook to be delivered in 2018 and none
beyond it, while some vessels will indeed get demolished.
Although the improvement in rates will
mainly be led from the supply side, some push will also come from the demand
side as refining capacity expands in China, increasing cargo supply for the
intra-regional trade.
“As a result of slowing fleet growth, Drewry expects rates for small
LPG vessels to strengthen further. We anticipate time charter rates for a 3,500
cbm p/r vessel to average USD 182,000 per month in 2017, an increase of 8% from
2016. As fleet growth slows further from next year, rates will continue to improve
and average USD 210,000 per month by 2019,” Shresth Sharma, senior analyst for
gas shipping at Drewry, said.
Port of Oakland Starts Raising Its Cranes
Work has started at California’s Port of
Oakland to heighten four 366-foot ship-to-shore cranes by 27-feet over a nine
month project.
The cranes, which are used to load and
unload container vessels, will be better able to reach containers stacked high
above decks on modern-day megaships.
The first of the four units was pulled off
its guide rails last week and shuttled to the eastern edge of OICT’s Oakland
Estuary dock, where the work will take place beginning next month.
Over a nine-week period, engineers will
brace the crane on supports, cut away its lower legs and affix extensions. The
modified crane is scheduled to return to duty before withdrawing the next one
for raising in August.
“This is a commitment to the future of shipping in Oakland,” John
Driscoll, the Port’s Maritime Director,said, adding that “vessels are getting
bigger and bigger and we’re providing the infrastructure to keep them coming
our way.”
Oakland International Container Terminal’s
(OICT) cranes will be raised in partnership with SSA Marine, the terminal
operator under the project which is estimated to cost around USD 14 million.
The port said that crane-raising is part of
an overall effort to strengthen Oakland’s competitiveness among West Coast
ports. Other projects underway or expected to begin soon include doubling the
size of the nearby TraPac marine terminal, constructing a 287,000-square foot
Cool Port for refrigerated cargo transport and developing the first 27 acres of
a Seaport Logistics Complex that will attract additional imports and exports.
NRF: Imports at US Ports to Keep Growing through Summer
Imports at US major retail container ports
should see steady increases through the summer and into the fall, according to
the monthly Global Port Tracker report from the National Retail Federation and
Hackett Associates.
Ports covered by Global Port Tracker
handled 1.53 million TEU in March. That was up 6.8 percent from February, when
many Asian factories closed for Lunar New Year, and up 15.8 percent from
unusually low numbers the same month a year ago, when Lunar New Year came a
week later than this year.
“In the United States, the economy continues to slowly grow,” Ben
Hackett, Hackett Associates Founder,said......
You Need Know about Trade Regulations of Canada
Trade Policy
Canada maintains a liberal trade regime.
There are no foreign exchange restrictions, and import licenses are only
required for a limited number of goods. Imports are generally subject to import
duties.
Import licenses are required for items
regulated under the Export and Import Permits Act. The Act lists various
agricultural products (poultry, eggs, and dairy products), a number of textile
and clothing items, and certain steel products.
The importation of certain commodities is
however tightly controlled. Examples of regulated goods include: food products,
drugs and medical devices, hazardous products, some offensive weapons and
firearms, endangered species and motor vehicles.
Duties are assessed on the transaction
value (the price actually paid or payable for the goods), including commission,
brokerage, packing, royalties and transportation to the Canada point. China
origin goods were no longer eligible for the preferential tariffs under the
Canadian General Preferential Tariff (GPT) Scheme, effective since 1 January 2015......
The 4 Biggest Reasons International Shipping Is So Difficult
For freight forwarders and shippers alike,
shipping internationally is a complicated process. Moving product across
borders always involves a complex mix of carriers, modes, and regulations.
Contrast that to a comparatively simple transaction like moving a full
truckload between two points within the U.S and the differences are even more
glaring. What is that makes international shipping so hard?
Rules and Regulations
Transit Time and Freight Cost
Knowing Your Costs
Where’s the freight?
Improving the Freight Industry Through Shipping Rate Automation
If you talk to freight forwarders or
logistics managers about the toughest part of their job, chances are managing
carrier rates and contracts will come up frequently.
With all the surcharges, fees, and
addendums, they’ll also tell you that ocean rates top the list of the hardest
carrier contracts to keep up to date and calculate accurately. The time and
effort it takes to manage complex freight rates is only part of the challenge.
The risk and cost of misquoting is just as
great. These challenges caught the attention of the founders of Catapult
several years ago and it became the mission of the company to take these issues
head on and Catapult QMS was born – the first true global freight rate
automation platform. The QMS platform automates all the steps that go in to
managing freight contracts and ensures every time a quote is created it is
accurate. Users simply enter in basic shipment information and QMS instantly
rates the shipment based on the user’s contracts, with all applicable
surcharges and fees applied automatically. Catapult’s cutting edge technology
and team of industry analysts make sure every surcharge is up to date and
applied correctly, every time.
The benefits extend to the quoting process
for freight forwarders as well. Forwarders, NVO’s, and BCO’s can create and
send spot quotes to customers in seconds, not hours or days as was the case
before. The platform even tracks close rates and other metrics that are
important to the business.
Catapult recognized another challenge when
it comes to providing quotes – big, complex global tenders (RFP’s) can take a
lot of time. Catapult’s Spring Board makes responding to bids simple and fast
by applying the same rate automation technology behind QMS to quickly calculate
the same accurate rates from QMS to entire bid packages. It’s freight rate
automation on a massive scale. Managing freight rates and contracts is a
challenge under the best of circumstances – but using the right technology
brings calm to the chaos.
Clarksons: Global Cargo Fleet’s OPEX Passes USD 100 Bn
Global ship operating expenses (OPEX) for
the world’s cargo fleet have now breached USD 100 billion mark for the first
time, up from USD 98 billion last year and USD 83 billion in 2008, maritime intelligence
provider Clarksons Research said.
Crew wages remain to be the largest
constituent in the total expense reaching USD 43 billion, which is being
distributed to 1.4 million crew across the fleet.
Management fees are in the second place
claiming a USD 9.2 bn portion of the OPEX total, Clarksons’ data shows,
followed by repairs with USD 7.7bn, spares with USD 7bn, stores and lubricants
with around USD 5 bn respectively. Furthermore, USD 4.6 bn is being assigned to
insurance, USD 3.4 bn on protection and indemnity (P&I) with provisions
standing at USD 3.2 bn.
A total of USD 4.3 bn was allotted for
sundries and USD 6.9 bn for other crew costs.
Shipping industry players are under a lot
of pressure to reduce costs across the board in order to remain competitive,
especially after the past couple of years that saw losses in offshore sector,
container and dry bulk shipping industry, and now spreading into the tanker
sector.
“Getting smarter, collecting and using “big data” and technology and
automation are all gaining traction. The industry’s fuel bill (accounted for
outside of OPEX) is clearly a big target,” Clarksons said.
“This will all require new technology, skills and perhaps new
accounting approaches.”
COSCO Dalian Hands Over Panamax Bulker
China-based COSCO (Dalian) Shipyard, a
subsidiary of COSCO Shipyard Group, has delivered bulk carrier newbuilding Flag
Lama to a European owner.
The 79,500 dwt vessel was handed over to
Greek shipping company Golden Union, VesselsValue’s data shows.
The Panamax bulker, which has a market
value of USD 23.76 million, features a length of 229 meters and a width of
32.26 meters.
Flag Lama, which flies the Marshall Islands
flag, has joined the company’s fleet of more than 40 ships.
Golden Union has five more Panamax bulk
carriers under construction at China’s shipyards, including one 79,500 dwt ship
at COSCO Dalian, according to information provided by VesselsValue.
BPA: New EU State Aid Rules Could Create Uneven Playing Field
The British Ports Association Chief
Executive Richard Ballantyne warned against the distortion of competitive port
markets with major public subsidies in response to the European Commission
formally adopting the new General Block Exemption Regulations (GBER) on state
aids which now cover EU ports.
On May 17, the European Commission widened
the scope of GBER to ports and airports, following two public consultations.
The extended GBER now exempts certain
public support measures for ports from prior Commission scrutiny.
With regard to ports, EU Member States can
now make public investments of up to EUR 150 million in sea ports and up to EUR
50 million in inland ports with full legal certainty and without prior control
by the Commission.
The new regulation also allows public
authorities to cover the costs of dredging in ports and access waterways.
“While we fully appreciate the diverse nature of the European ports
industry, we are disappointed that the revised GBER does not do more to limit
potential market distortion,” Ballantyne said.
”The GBER now effectively means that subsided dredging activity can
be exempted from state aid restrictions. A number of British ports have voiced
concerns about subsidies for both capital projects and maintenance dredging at
European ports, potentially disadvantaging the UK’s private sector ports
industry.”
Is Freight Invoice Audit Necessary for Ocean Shipments?
Ocean freight invoice audit is a function
that shippers and freight forwarders must do to ensure their freight invoices
have been billed correctly. This sounds obvious enough, so it may be surprising
to know that many companies don’t audit freight bills. In this post we’ll
discuss the reasons why and make suggestions on what to do about it.
At a conference in 2013, Mr. Soren Skou,
CEO of the world’s largest shipping company, Maersk Line, announced that nearly
12% of container industry invoices are inaccurate and are considered a
significant customer service challenge for the company. Maersk is not alone.
This issue costs shipping lines, forwarders, NVOCCs, and shippers a lot of
money.
Looking across the global logistics market,
ocean freight accounts for a substantial percentage of the cost of moving
goods. To see an interesting infographic with data on the ocean shipping
industry, click here. The importance of ocean freight invoice audit becomes all
the more obvious when you consider the total tonnage of cargo shipped in
containers worldwide, with each having an average freight invoice amount of
over $1,720......
Global Ports Holding Launches IPO on LSE
Turkey-based cruise port operator Global
Ports Holding (GPH) has listed its initial public offering (IPO) on London
Stock Exchange (LSE).
The company was officially listed on LSE on
May 17.
With the pricing of its offer at 740 pence
per share, the floatation gives the company a market capitalization of GBP 465
million (around USD 605.7 million).
The company said it will receive net
proceeds of about GBP 51.7 million, which will be used to develop and expand
the cruise business.
“The announcement is a significant moment for Global Ports Holding
and I would like to welcome our new shareholders who share our … vision… We
look forward with confidence to the next stage of our development as a listed
company,” Mehmet Kutman, Chairman/Co-Founder of GPH, said.
Established in 2004, GPH operates fourteen
ports in eight countries.
Trading: Highest Value UK Import Products
Gold, cars, automotive parts and trucks
were among the 20 highest value UK import products in 2016.
The most valuable imports into the United
Kingdom also include aircraft, spacecraft and turbo-jets. Fossil fuels
represent another area where United Kingdom’s domestic supply lags demand which
explains why crude oil, refinery-processed oils and petroleum gases appears on
the top 20 list.
The following list shows on which product
categories UK importers spent the most. Unlike most information currently
available on the web, the items below are detailed at the 4-digit tariff code
level. This can help entrepreneurs identify more precisely which products in
which United Kingdom has strong demand but competitive disadvantages compared
with other nations. Innovation can transform these disadvantages into lucrative
business opportunities.
United Kingdom is the world’s number four
importer behind the United States, China and Germany......
HMM Cuts Operating Loss
South Korean shipping company Hyundai
Merchant Marine (HMM) posted an operating loss of KRW 131.2 billion (USD 117
million) in the first quarter this year, narrowed from the previous year’s KRW
163 billion, according to the company’s stock exchange filling.
Furthermore, the shipping company’s sales
were up by 7 percent standing at KRW 1.302 trillion.
During the quarter, HMM’s containerships
handled 958,000 twenty-foot equivalent (TEU) containers, a 37 percent increase
year-on-year, with markets in North America and Asia recording the biggest
spikes, 41.4 percent and 62.4 percent respectively.
According to the company’s CEO Yoo
Chang-keun, cited by Yonhap news agency, the company’s performance is expected
to further improve in the third and fourth quarters of the year.
The results come following HMM’s recent
strategic investments into new terminal operations and newbuilding tonnage.
Namely, just last week HMM reached an
agreement to buy a 100 percent stake in Spain’s Total Terminal International
Algeciras (TTIA), earmarking around USD 104.1 million for the stake in the
terminal.
The company also decided to avail of the
low newbuilding prices last month and ordered five 300,000 dwt very large crude
carriers (VLCCs) from the compatriot Daewoo Shipbuilding & Marine
Engineering (DSME) with an option of five more vessels.
China and Vietnam's Ambitions Converge in BRI Infrastructure Projects
Despite their differences, China and
Vietnam both have much to gain under the ambitious Belt and Road Initiative.
Although Vietnam has achieved remarkable
economic progress in recent years, its poor infrastructure is still seen as
likely to blight any future development. In particular, major network upgrades
to its transport, power and technology systems are desperately needed if it is
to deliver the smoother and more cost-effective trade flow that is vital for
success in the region's increasingly connected markets......
Gov’t Urged to Tackle Lack of Cruise Ship Berths in Sydney Harbour
Joel Katz, CLIA Australasia’s Managing
Director, has called on the government to engage with the industry to resolve
the lack of berths east of the Harbour Bridge as the lack of capacity in Sydney
is forcing cruise lines to redeploy their ships.
Katz said that “resolving the lack of
berthing space in Sydney Harbour is an absolute priority to ensure the
continued growth of cruise tourism in Australia.”
The call comes on the back of CLIA
Australasia’s 2016 Australian Ocean Passenger Cruise Industry Source Market
Report which shows that Australia’s cruise industry continues its growth
trajectory hitting record highs in 2016, with annual ocean cruise passenger
numbers surging by 21 percent to a record 1.281,159.
The growth of 222,378 passengers is the
biggest increase on record, according to the report.
“In 2016, Australia achieved the equivalent of 5.3 percent market
penetration, that’s one in 19 Australians taking a cruise, making this the
highest per capita ratio in the world,” Katz commented.
As informed, the most popular cruises are
local itineraries in Australia, New Zealand and the South Pacific, growing by
30.2 per cent year on year. The South Pacific maintained its position as
Australia’s favorite cruise destination attracting more than 42 percent of
ocean cruise passengers.
Since 2007, Australia’s ocean cruise
passenger numbers have increased by an average of 19.4 percent per year and in
the last five years, these numbers have doubled, according to Katz.
“However, future growth of Australia’s cruising sector will be
hindered by a lack of berthing options in major capital cities,” Katz pointed
out.
“To achieve the 11.8 percent annual Australian passenger growth
needed to achieve the goal of 2 million passengers by 2020, there are
significant challenges facing us as an industry here in Australia, particularly
in Sydney. These must be urgently addressed,” Katz concluded.
Keppel to Build Pasha Hawaii’s LNG-Fueled Boxship Duo
The new U.S. Jones Act vessels will carry
2,525 TEUs, including a fully laden capacity of 500 45-foot containers, 400
refrigerated containers, and 300 40-foot dry containers, with a sailing speed
of 23 knots.
Delivery of the first vessel is expected in
the first quarter of 2020, with delivery of the second vessel in the third quarter
of 2020.
The company said that it is in the process
of finalizing contract specifications. The deal includes the option to order
two additional vessels.
The new containerships will operate fully
on LNG from day one in service, reducing environmental impact and increasing
fuel efficiency. Pasha Hawaii added that energy savings will also be achieved
with a state-of-the-art engine, an optimized hull form, and an underwater
propulsion system with a high-efficiency rudder and propeller.
Different Freight Rates For Different Modes
Logistics is all about getting freight
where it needs to go – whether that is by truck or boat or air plane. Shippers
have many choices for how a delivery can be made. All are unique, yet each has
the same goal of getting product to where it needs to be and on time.
What’s not the same is how freight rates
are calculated for the various shipping methods.
Key to understanding freight rates is
knowing what factors influence rate calculations. These factors are primarily
distance, transit time, fuel, and accessorial costs.
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