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11/05/2017

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26/04/2017

By the end of 2018, the top seven container lines will control 70% of global capacity, but this will still leave a fragmented market open to price wars and rate instability, warns Alphaliner analyst Hua Joo Tan.

Sitting below the top seven lines is a group of carriers whose future prospects are limited, according to Mr Tan. These include OOCL, Yang Ming, Hyundai Merchant Marine, Pacific International Lines, Zim and Wan Hai.

“These lines are potential consolidation targets but few are attractive to buyers, with the possible exception of OOCL,” Mr Tan said. “OOCL will be consolidated, but not for a few years when it is prepared to accept a suitable price.”

The continued existence of the second-tier lines meant there would be little decrease in competition and the consolidation that had already taken place had had little measurable impact on rates, Mr Tan said at the TOC Asia conference.

“Rates remain weak and there are no signs of strength on the transpacific trade, where there is a prevailing sense of market share entitlement among lines,” Mr Tan said.

Moreover, the failure of Hanjin Shipping is not likely to be repeated, meaning small lines will not go out of business but will remain trading, either by refinancing as in the case of Yang Ming, or with government support in the case of HMM.

“HMM and Yang Ming are both restructuring but neither will fail,” Mr Tan said. “The same is true for Zim. But none of these are bankruptcy candidates. Government support will be forthcoming.”

Further instability is likely to come from the 18-month long integration of the three Japanese carriers.

“They have a long time to fight for market share and are manoeuvring in a vacuum,” Mr Tan said. “The Japanese are the most aggressive price givers at the moment.”

While the fledgling SM Line, born out of the ashes of Hanjin, would have a market share of less than 2%, this too would have a significant impact on rates, Mr Tan said.

“The only way to enter the market in the wake of Hanjin is to offer heavy discounts,” he said.

Moreover, even the smaller lines were adding to capacity, with OOCL taking delivery of six 20,000 teu units, Yang Ming adding vessels and Zim expanding aggressively on the transpacific.

“It all leads to a volatile freight environment over the next few months,” Mr Tan said.

24/04/2017

Europe-Asia eastbound ocean prices continue to rise

Capacity shortage shows little sign of being resolved, as backhaul freight rates climb above headhaul levels

Shippers hoped that capacity issues on the backhaul Europe-Asia trade would quickly subside once the new alliances were launched, but nearly a month on the spot market tells a very different story.

Having risen to unprecedented levels in recent weeks amid a shortage of slot space on vessels for European exporters to the Asian market, freight rates climbed to new highs this week, rising above headhaul spot prices.

The latest World Container Index shows that rates on the Europe-Asia trade from Rotterdam to Shanghai moved up $153 this week to a whopping $1,723 feu, representing a new high for the index, while rates in the opposite direction held firm this week with the WCI price for cargo moved from Shanghai to Rotterdam recorded at $1,546 per feu.

18/04/2017

http://www.lloydsloadinglist.com/freight-directory/news/Cross-Channel-freight-record-highlights-need-for-seamless-UK-EU-trade/68445.htm #.WPZF2xhh1PM

18/04/2017

http://www.lloydsloadinglist.com/freight-directory/adviceandinsight/Non-compliant-cargo-placing-supply-chain-at-risk/69103.htm #.WPY5P6Gc7ZE.facebook

Shipping professional and educational blogger, Hariesh Manaadiar, discusses the various flavours of non-compliant container packing, and how it affects the maritime industry

11/04/2017

https://www.facebook.com/rahulshokeen7/posts/10155020011790180

London Gateway-Yiwu service promises to be the start of a regular direct service, covering the 12,000km journey in around 17 days

11/04/2017

The first ever UK to China freight train departed on Monday 10 April from DP World London Gateway’s state-of-the-art rail terminal laden with containers full of UK goods including soft drinks, vitamins, pharmaceuticals and baby products.

This inaugural export train bound for China departed just under three months after the first ever import train from China arrived in the UK. DP World said the service formed part of China’s ‘One Belt, One Road’ programme, reviving the ancient Silk Road trading routes to the West.

The train will make the 12,000km journey in around 17 days from the east London port to Yiwu in Zhejiang province in eastern China. After passing through the channel tunnel into France and Belgium, the DB Cargo locomotive will call in Duisburg, Germany before InterRail pulls the cargo through Poland, Belarus, Russia and Kazakhstan before the train crosses to Yiwu, China.

Container operator OneTwoThree Logistics is overseeing the transport and booking of cargo for the UK-China rail freight trains, in conjunction with Yiwu Timex Industrial Investment Co., which is running the service with China Railway Container.

Xubin Feng, chairman of Yiwu Timex Industrial Investment Co., said: “We are proud to be able to offer the first ever UK to China export train. Restoring the ancient Silk Road as a means by which China, North Europe and now the UK can exchange goods is an important and exciting initiative.

“This is the first export train and just the start of a regular direct service between the UK and China. We have great faith in the UK as an export nation and rail provides an excellent alternative for moving large volumes of goods over long distances faster.”

03/04/2017

Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)

Notification

No. 26/2017-Customs (N.T.)
New Delhi, the 31st March, 2017

G.S.R (E). -In exercise of the powers conferred by section 157 read with section 46 of the Customs Act, 1962(52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Bill of Entry(Electronic Integrated Declaration) Regulations, 2011, namely:-

1. (1) These regulations may be called the Bill of Entry (Electronic Integrated Declaration) Amendment Regulations, 2017.
(2)They shall come into force on the date of their publication in the Official Gazette.
2. In the Bill of Entry(Electronic Integrated Declaration) Regulations,2011, the following regulation, regulation 4, shall be substituted, namely:-
“Regulation 4. (1) The authorised person shall file the bill of entry before the end of the next day following the day (excluding holidays) on which the aircraft or vessel or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or warehousing.

(2) The bill of entry shall be deemed to have been filed and self-assessment of duty completed when, after entry of the electronic integrated declaration in the Indian Customs Electronic Data Interchange System either through ICEGATE or by way of data entry through the service centre, a bill of entry number is generated by the Indian Customs Electronic Data Interchange System for the said declaration.
(3) Where the bill of entry is not filed within the time specified in sub-regulation (1) and the proper officer of Customs is satisfied that there was no sufficient cause for such delay, the importer shall be liable to pay charges for late presentation of the bill of entry at the rate of rupees five thousand per day for the initial three days of default and at the rate of rupees ten thousand per day for each day of default thereafter:
Provided that where the proper officer is satisfied with the reasons of delay, he may waive off the charges referred to in the second proviso to sub-section (3) of section 46 of the Customs Act, 1962 (52 of 1962).

(4) No charges for late presentation of Bill of Entry shall be liable to be paid where the entry inwards or arrival of cargo, as the case may be, has taken place before the date on which the Finance Bill, 2017 receives the assent of the President.”
[F.No.450/32/2016-Cus IV]
(Shaifali G. Singh)
Under Secretary to the Government of India

29/03/2017

The 20,170 TEU vessel will operate on The Alliance’s Asia-Europe trade from next month, offering 25-30% fuel and emissions savings

29/03/2017

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