October 15, 2018
- Top 20 Carrier Capacity Analysis
|TEU||Ships||TEU||Ships||TEU||Ships||% Existing||TEU||Ships||% Existing|
|4||CMA CGM Group||2,642,682||503||992,356||129||1,650,326||374||62.4%||241,054||16||9.1%|
|9||PIL (Pacific Int. Line)||417,346||136||278,986||112||138,360||24||33.2%||48,292||5||11.6%|
|12||Wan Hai Lines||259,510||96||168,620||70||90,890||26||35.0%||33,600||12||12.9%|
|16||X-Press Feeders Group||133,870||83||36,181||24||97,689||59||73.0%|
|19||SM Line Corp.||81,799||21||58,201||13||23,598||8||28.8%|
|20||Arkas Line / E<ES||70,753||43||61,070||38||9,683||5||13.7%|
- New Bunker Adjustment Factor (BAF)
From January 1, 2020, a new regulation will come into force to reduce air pollution from ships globally. Whereas today ships can use fuel with up to 3.5% Sulphur content (outside Emission Control Areas), the new global sulphur cap will be 0.5%. The regulation has been developed and adopted by the International Maritime Organization and aims to reduce sulphur pollution from shipping more than 80%. The cost of compliance with the new regulation will be significant, so the cost of shipping will increase. It brings additional cost $160 per TEU averagely, distributed by trade factor.
In order to allow customers to predict, plan and track how changes in fuel price will impact total shipping freight rate, Maersk / MSC / CMA will introduce new bunker adjustment fact, BAF to replace the current standard BAF.
New Products & Services
- 2nd Cooperation between PIL & IBM in Block Chain
Since 2017 agreement among PIL, PSA and IBM establishing IBM Blockchain Platform, it aims to track and trace shipments from Chongqing to Singapore during August to December 2017. Now PIL will cooperation with IBM in Blockchain once again to design, and create electronic bill of lading, to promote the process of supply chain documentation exchange. By Blockchain technology, it is possible to realize the direct flow of information and documents, so that it can help to increase transparency and eliminate document authenticity, with unnecessary risks reduced.
- Twill Enters Import Market of Great China
Twill started from an internal innovation of Damco affiliated to Maersk Group. It is a digital freight forwarder to simplify shipping process for cargo owners. It was launched in April, 2017. Via Twill platform, users can get quotation, manage documents and deliver goods. With clicks of buttons, they can book, manage, track and trace flow of cargo.
Now it has entered the import market of Great China.
Sears Hires Advisers to Prepare Bankruptcy Filing
Sears Holding Corp has hired M-III Partners LLC to prepare a bankruptcy filing that could come no later than 14 Oct, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.
- Air Cargo Facing the Specter of Trade War
Although the IATA’s latest data shows that demand, measured in freight tonne kilometers (FTKs), rose by 2.3 per cent in August this year, in comparison with the same period in 2017, three key factors are threatening the air cargo industry’s buoyancy.
Firstly, manufacturing firms’ export orders have weakened, specifically in Europe, China, Japan and Korea, where orders have declined in recent months.
Secondly, longer supplier delivery times are being reported by manufacturers in Asia and Europe – the top two global trading areas by volume. This trend suggests they have less need for the speed of airfreight.
Thirdly, are the risks to global trade from the recent escalation in trade tensions. The WTO announced at the tail end of September that it anticipates trade growth will slow for the rest of this year to 3.9 per cent and slow further to 3.7 per cent in 2019.
- Overall Regional Performance of International Airlines