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When will the freight rate "high fever" be refunded?

Recently, the Ningbo Export Container Freight Index (NCFI) of the Maritime Silk Road Index released by the Ningbo Shipping Exchange showed that from April 24 to April 30, the index closed at 2577.8 points, an increase of 7.0% from last week. The composite index broke the previous high (closed at 2498.5 on January 8, 2021), setting a new record high.

In addition, the freight index of 17 of the 21 routes calculated by the exchange increased, and the freight index of 4 routes decreased; among the major ports along the "Maritime Silk Road", the freight index of 14 ports increased. , The freight index of 3 ports dropped. Experts said that the problems of tight shipping space and rising freight rates, which are causing headaches for foreign trade companies, continue to magnify.

The global multi-route freight rate soars

According to the Freightos-Baltic Index (FBX) index, the Nordic Index recently rose 6% to US$7,791/FEU, a significant increase of 450% compared to the same period last year. A leading non-vessel carrier (NVOCC) in the UK stated that its “best” FAK price from China to the UK in May was US$13,500/FEU—not including surcharges.

This is not only a problem faced by shippers on Asia-Europe routes, but also on trans-Atlantic, Latin American and African routes, where shippers’ freight rates are rising every day. On the Persian Gulf route, most shipping companies have raised their quotations, and the spot market freight rates have risen again. The market freight rate (sea freight and ocean freight surcharge) is 2160 USD/TEU, and the freight rate has increased by 11.8% compared with the previous period. For Australia and New Zealand routes, the freight rate (sea freight and ocean freight surcharges) for exports from Shanghai to the basic port of Australia and New Zealand was US$1,878/TEU, an increase of 1.2% from the previous period. For North American routes, the average space utilization rate of ships on the West Coast and East Coast routes of Shanghai Port is still close to the full load level, and the freight rates of the routes generally remain at a high level.

Westbound Logistics, a logistics company headquartered in the United Kingdom, said: “Currently, bookings and freight rates are difficult to maintain and change very quickly.” “Even if bookings are accepted, freight forwarders often encounter shortages of containers. They need to purchase containers from other ports and need to pay extra. Cost." Monroe, founder of American consulting firm Jon Monroe Consulting, said that the Asian export market has collapsed: "Some shipping companies ask you to send them booking suggestions every week, and then they will tell you whether you accept it 7 to 10 days before sailing. These suggestions." "No matter how long you book in advance; it may be cancelled at the last minute, and you can't do anything about it." Westbound Logistics said that the available space in May "looks already very low" and rates will rise again sharply. , It is expected that for very limited booking classes, the cost will continue to rise.

　　

According to industry analysts, major container terminals in Europe have been working hard to avoid congestion, but the fact is that for most of 2021, the number of inbound containers exceeds that of outbound containers. Under this status quo, the Suez Canal congestion has exacerbated the congestion in European ports.

India epidemic pushes up freight rates on Guangzhou-Shenzhen-India-Pakistan routes

Recently, the situation of the new crown epidemic in India has been escalating, directly affecting the shipping market. At present, the space of the India-Pakistan route in Guangzhou-Shenzhen is tight, and the price of the route has increased by more than 30% in half a month.

“The current impact of the epidemic in India on shipping is mainly reflected in India-Pakistan routes, while the current price fluctuations of Southeast Asian routes are not large. After the year, the prices of India-Pakistan routes have remained relatively stable. Starting in late April, especially after entering May, Guangzhou The price of India-Pakistan routes in the deep region has changed significantly. In the past half month, a certain basic port route has increased by more than 30%." The person in charge of a freight forwarding company in Guangzhou revealed. According to its analysis, the main reason for the change is the surge in shipments, and the space on the India-Pakistan route is currently very tight.

According to another practitioner, the flight from the Guangzhou-Shenzhen area to India basically needs to be booked 1-2 weeks in advance, and it is difficult to book the space within a week. At present, whether the route to a certain basic port in India is a direct flight from the Guangzhou-Shenzhen area or a transit flight to Hong Kong, there have been a number of "explosion" of the liner that only departed in mid-to-late May. "Currently, India-Pakistan routes are quoted once a week. In other words, the above-mentioned liner that was only sent out in mid-to-late May has been'exploded', indicating that many cargo owners have ignored the freight rate and booked the space first."

Some people in the industry also said that anti-epidemic materials such as oxygen generators are currently in short supply in India, and shipments of anti-epidemic items have surged recently. In addition, the effect of timeliness is also great. Affected by many factors such as port blockage and customs clearance, the arrival period proposed by many shipping companies for the same route is four or five days longer than last month, and the time limit cannot be guaranteed. In addition, the current shipping schedule is unstable, and the liner schedule rate has also decreased. Therefore, if the value of the cargo is high, we recommend that the cargo owner go by air.

may stay high in the short term

The Shanghai Shipping Exchange released the analysis of the "Analysis Report on China's Export Container Transport Market in April 2021" on May 7. In April, due to the continuous disturbance of shipping schedules and the lack of containers, the impact of the Suez Canal blockage at the end of last month began to appear. , China’s export container shipping market continues to be under-supply of capacity. As the demand for unavailable shipments continues to accumulate and superimposed on new demand, the expansion of the capacity gap has led to the formation of a strong seller's market pattern on multiple routes.

According to the report, the continued tightness in the transportation market has caused the market’s demand for leasing capacity to remain high, and the rental levels of most ship types have maintained a continuous upward trend since July of last year. However, the data also shows that the current fluctuation levels of the freight rates of major routes around the world are different. Affected by the blockage of the Suez Canal on European routes, the market's shipping schedule disorder and shortage of empty containers have further deteriorated.

Qiao Wei said that it is conservatively estimated that the situation of tight capacity will continue until the end of this year, and it may not turn around until the end of April next year.

Qiao Wei believes that the tight global shipping market cannot be relieved before large capacity is added to the market. Because the overseas epidemic has not yet been controlled, the ports of the United States, Europe and other countries and regions continue to have employees infected with the new crown pneumonia, resulting in labor shortages, reducing the efficiency of ports, warehouses, storage yards, inland transportation, etc. The efficiency of logistics such as cards and warehousing has dropped significantly.

Maersk, the global leader in the container transportation industry, also recently predicted that the shortage of capacity and the peak season of the industry, supported by high demand, high freight rates may continue into the third quarter of this year.

The latest forecast from analysts at Okazami Securities of Japan stated that if the shortage of containers and ship detention cannot be resolved, the rare high freight rate at this stage will continue at least until June. The latest container forecast report by Drewry, a global shipping consulting company, shows that shipping companies "can achieve profitability in at least the next two years until 2023." The company stated that the growth of operators’ quarterly operating profits has increased exponentially, increasing every three months. Doubled.

As for the follow-up market of India-Pakistan routes, many practitioners also said that based on the current shipment volume and other multi-factor analysis, it is expected that the price of India-Pakistan route will remain high in the short term, and there is no price turning point for the time being.

There is also a person in charge of a freight forwarding company that said that at present, the price of Southeast Asia routes is the most stable, and the prices of European and American routes have also increased this month compared with the previous month. However, on May 8th, we received notices from some shipping companies that they will increase the prices of some routes in the middle and late days. If the prices of Southeast Asian routes are indeed increasing by that time, there is a high probability that the prices of other routes will also increase.

In summary, the upward trend in international shipping prices cannot be eliminated in the short term, and high ocean freight rates will continue.

Different airline company provide different air freight and service,League shipping  can choose the best service and compeitive price to our customers based on the schedule from  clients.

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International logistics is crowded and on fire! What should I do to replenish my stock?

April is not the peak season for cross-border exports, but the logistics but the peak season will only appear crowded and hot, recently, sea, air, rail, express all in the price increase, burst warehouse, row warehouse, such outrageous price increases are fast catching up with the time of the outbreak, for example: the U.S. line sea container up to 10000 + U.S. dollars, the U.S. air container straight forced 70 yuan / KG, red single 68 yuan / KG, and Hong Kong DHL prices also rose to 60 + yuan / KG...

Global logistics will be paralyzed! How to replenish the goods?! According to the freight forwarder, the U.S. line has now been scheduled to the end of May, early June, especially the Mason Express a container is difficult to find, has exceeded the peak at the end of last year. Many sellers are crying out "sea, air, rail, trucking and express are all going up in price!"

Traffic congestion and rising prices have left us completely devastated. Logistics suddenly soared, profits fell sharply, which makes cross-border business more and more difficult to do, so the whole international logistics providers produced a chain reaction, a blockage of the whole blockage, so that all shippers and freight forwarders cry and laugh.

First, the cargo space position is tight

Whether in Hong Kong or the mainland, many international logistics freighters are chartered by Apple, Samsung and other electronic brands of large companies, coupled with domestic vaccine exports, occupying a large number of positions, making the original tight positions even tighter. So far, the short price all break 6, next week may even break 7. In addition, last week the Hong Kong airport cargo fire, now the airport control is very strict, the time limit will naturally slow down greatly.

Second, the three major courier companies bursting at the seams

The three major courier companies have a tendency to burst, especially the Hong Kong DHL logistics system overload state, so Hong Kong DHL began to reduce the warehouse, limit production, price increases, DHL because of the burst warehouse and not just price increases, but also greatly reduced the time efficiency. There are sellers sent DHL, 9 days before picking up the goods from Hong Kong, there are even sellers shipped nearly two weeks has not been shipped, at this stage this situation is very common.

Shortage of containers and congestion in sea transport

There is still congestion at the US West Los Angeles-Long Beach ports. A series of anomalies triggered by the joint strike of Los Angeles dockworkers and truckers and the Suez Canal accident have caused a serious crisis of container shortage and a chain reaction on the supply chain, especially the container blockage at US and European ports, resulting in a very serious container shortage situation.

According to the Southern California Marine Exchange, 21 container freighters were anchored off the coast of Los Angeles on 16 April, stranded while waiting to berth.

Fourth, European railways are congested and is land transport becoming the

The main mode of transport, the aging of the railway line is also relatively slow, land transport is currently the main recommended channel for freight forwarders, aging-related aspects are relatively stable, the price has not increased much, the sea, railways are facing a "collapse", the price of air transport may continue to rise, the second half of the Central European land transport may also be inevitable!

Later on the land transport situation in Europe may not be optimistic, Alashankou, Baktou, Horgos and other places may face the problem of slow or inaccessible exit, while the price of various routes in Europe is also soaring, more logistics related information can be consulted with the appropriate freight forwarder. At present, it is best for sellers to plan shipments 20-30 days in advance to allow enough time to avoid breakdowns. Especially before and after May 1, the space is much tighter, so we need to prepare goods as early as possible.

V. How to restock?

Prepare goods in advance! All need to warehouse storage, sell their products, are prepared in advance, this is a timeless truth, can not wait until the stock is insufficient or no inventory to stock. This is a time when logistics are under constant attack, when pick-ups are not on time, and when problems such as warehouse rows can occur.

The stocking cycle is influenced by factors such as product sales volume, purchasing time and transport logistics timeframes. To know your real inventory, set an approximate stocking day based on the past sales volume of your product, the average sales volume per day. If your product is hot, then you must ensure that there is enough stock in the FBA warehouse to sell, for example, one month or half a month of stock sales. Also take into account shipping times, purchasing times, time for products to hit the shelves, etc.

Consider all aspects: stock available for sale + logistics and shipping time + purchasing time + outbound time. The dead formula, we must calculate and optimise according to their actual situation, each time the stock is prepared to delivery, you can make statistical records as a reference to save your time.

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Ministry of Commerce: The impact of the Suez Canal ship blockage on China's foreign trade

　On March 23, "Chang Chi No." giant cargo ship in Egypt's Suez Canal ran aground, stuck across the river, blocking the traffic. The Ministry of Commerce held a regular press conference on April 1, the spokesman responded to this, the Suez Canal blockage affected some of China's enterprises delivery, receiving goods, related industries, the price of freight fluctuations, but overall, the incident on China's foreign trade is short-term, local impact.

　　Gao Feng said that the Suez Canal is an important channel for the transportation of goods between China and Europe and other places, the Ministry of Commerce first contacted the relevant business associations and enterprises to understand the situation. At present, the Suez Canal is open to navigation in an orderly manner, and the routes between China and Europe and other regions are gradually returning to normal, and the Ministry of Commerce will also continue to track the follow-up progress.

　　Gao Feng said that in order to play the important role of logistics in safeguarding global trade, the Ministry of Commerce will work with relevant departments to promote international cooperation in the field of logistics and work with countries to ensure the security and stability of the supply chain of the global industrial chain.

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DP World completes Caucedo port expansion, receives largest ship

　　DP World, one of the world's largest port operators, has completed a US$114 million expansion at the port of Caucedo in the Dominican Republic, enabling it to receive the largest cargo vessel ever to call in the country, the 12,990 teu MSC Katrina.

　　The expansion will increase the port's capacity to 25,000 teu and the terminal currently has 10 gantry cranes (5 super post-Panamax and 5 post-Panamax) and 32 rubber tyre gantry cranes (RTG), described as "the most advanced and robust equipment on the market ".

　　The aim of DP World's investment is to promote the Dominican Republic as a major logistics hub in the Caribbean.

　　Morten Johansen, CEO of DP World Caucedo, said: "Together with DP World, we want to make the Dominican Republic a logistics hub in the Caribbean and attract new foreign capital investment. To this end, we are constantly working to strengthen our service capabilities in order to make the supply chain more efficient throughout the country and the region as a whole."

　　DP World releases annual report, commits to continued investment

　　Since the start of 2018, DP World has been on an acquisition spree, acquiring P&O Ferries and P&O Ferrymasters in Europe, and Puertos y Logistica in Chile.The company has also purchased additional shares in DP World Australia, and investments through joint ventures in Canada and India.

　　DP World recently reported strong results for the year ended 31 December 2020, with revenues up 11% year-on-year to US$8.53 billion and EBITDA up 0.4% to almost US$3.32 billion.

　　The revenue growth was driven by acquisitions and contributions from Topaz Energy & Marine (acquired in 2019 for US$1,079 million) and P&O Ferries.

　　DP World's cash flow from operating activities increased by 17.8% year-on-year to US$2.9 billion, while free cash flow (net operating profit after tax - net increase in working capital - net capital expenditure) increased by 19.0% to almost US$2.45 billion.

　　Sultan Ahmed Bin Sulayem, Chairman and Chief Executive Officer of DP World Group, commented, "We are pleased that our portfolio performed better than expected and it is a remarkable achievement that we were able to achieve flat sales and steady growth in EBITDA and free cash flow in such an exceptional year. "

　　Sultan Ahmed Bin Sulayem also noted that the company has also been delisted from the Nasdaq Dubai Exchange and returned to private management in 2020.

　　With EBITDA stable and unchanged at $3.3 billion in 2020, Sultan Ahmed Bin Sulayem said, "The strength and resilience that our business has continued to demonstrate throughout the cycle is due to the investments that the Group has made over the years to respond to changes in the industry."

　　One example of this portfolio is the innovative BoxBay container high-bay warehouse system concept, which has been installed at DP World's facility in Jebel Ali (pictured) and successfully completed its first 10,000 moves earlier this month.

　　Sultan Ahmed Bin Sulayem said, "Our ability to adapt to change has been key to ensuring our success, so it is important that we continue to evolve to achieve continued growth."

Source: Sindhi Marine

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Major changes in the container shipping market!

In March 2021, a record-breaking 45 new ULC orders (ultra-large containerships over 15,000 TEU) were placed worldwide. Together with the 27 new orders for smaller capacity container vessels in March, the total new order capacity now stands at 86,606 TEU, marking a significant shift in the container shipping industry.

　　This change gives us a glimpse of the current level of confidence in the industry among shipowners and investors. Statistics show that a total of 995,000 TEU of container ship capacity was added last year, while orders in the first quarter of this year alone have reached 1,398,000 TEU, a six-year high.

　　Peter Sand, chief shipping analyst at BIMCO, said: "If mega container ships can make full use of their cargo capacity in actual operations, the industry will benefit from economies of scale.

　　In October and December last year, orders were almost exclusively for 23,000-24,000 TEU vessels, with only four of the 23 ULC orders not in this range. In contrast, of the 81 orders so far this year for vessels carrying more than 11,800 TEU, only four exceed 15,500 TEU.

　　Sand pointed out: In the Suez Canal blockage, the operation of ultra-large container ships was questioned because some people thought that the pursuit of massification would affect the reliability of the supply chain, the optimal navigation of the ship and safety. However, I do not see a major shift towards larger vessels as they are the 'weapon of choice' in the competition to improve long-term profitability in the container shipping industry.

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How long will the boom in the container shipping market last

The container shipping market has never been hotter. 2020 saw exponential growth in quarterly operating profits for carriers and the industry's annual results hit a record high for Deloitte, at around US$26.6 billion, with a profit margin of 13 per cent.

　　How long will the upturn cycle last

　　The container shipping industry has historically been low-margin, with only occasional instances of significantly higher or lower results. This time the epidemic has led to an anomaly and Delury believes that the carriers will be quite profitable for at least the next two years.

　　While the results are exciting, it is important to understand the causes. The sharp rise in freight rates from the second half of 2020 onwards is the result of temporary factors.

　　A surge in demand due to the impact of the epidemic and the shift in consumer habits towards commodities;

　　supply chain disruptions and reduced port productivity, limiting available capacity in the market;

　　All these factors will pass, when the market will face a severe reality check.

　　At present these factors have not disappeared and the timetable for a return to normality has been continually delayed.

　　Delury believes that port congestion and container equipment shortages will continue for much of 2021, but to a lesser extent as time goes on. Capacity availability will continue to be constrained and lead to significant increases in spot and contracted freight rates. As a result, Delury believes that the industry will again set a record for profitability in 2021, despite adverse factors such as rising bunker costs and charter rates.

　　Delury expects rates to decline in 2022 as current supply chain disruptions are resolved, but liner companies will remain highly profitable thanks to positive supply and demand growth trends and capacity management capabilities.

　　Testing after 2022

　　Currently, newbuilding orders are increasing rapidly. In the fourth quarter of 2020 alone, new orders reached more than three times the level of the previous nine months, while contracts signed this year have already far exceeded the number for the whole of 2020, with 1.45 million TEU of capacity ordered in just three months. In addition, there are a large number of potential deals that have yet to reach the confirmation stage.

　　Along with this order book boom, order capacity already represents 15% of the current fleet capacity. This is still well below the 60% of 2008, but the current capacity in operation is more than twice as large as it was then, so shipowners need to right-size their orders.

　　Owners (both operating and non-operating) are understandably scrambling to order containerships, but these new orders will not be delivered immediately and cannot be cashed in during the current boom. Shipowners are risking the possible end of the up-cycle in container shipping by paying high prices for these assets.

　　Carriers' current profits are expected to continue for at least a few more years, but it is important to be sober and realise that the conditions that created this situation will not last forever.

　　As things stand, ocean carriers are expected to see a sustained and unprecedented upward cycle, whereby carriers can improve their financial position, reward investors and increase their expenditure. However, if ship orders continue to increase at the current rate, the market may once again become overcapacity, thus shortening the upward cycle.

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A.P. Muller - Maersk raises full-year 2021 earnings forecast

A.P. Muller-Maersk raises its full year 2021 earnings forecast based on its first quarter 2021 performance and expectations.

　　Preliminary figures show that A.P. Muller-Maersk's unaudited revenue for the first quarter of 2021 was US$12.4 billion, with actual EBITDA of US$4.0 billion and actual EBIT of US$3.1 billion. Ocean freight volumes increased by 5.7% year-on-year in the first quarter of 2021, driven by a combination of continued exceptional market conditions and surging demand, resulting in a positive performance for the Company.

　　Based on the performance in the first quarter of 2021 and the expectation that exceptional market conditions will continue into the fourth quarter of 2021, A.P. Muller Maersk has raised its full year 2021 earnings expectations. Actual EBITDA is expected to be US$13-15 billion (previously estimated at US$8.5-10.5 billion) and actual EBIT is expected to be US$9-11 billion (previously estimated at US$4.3-6.3 billion).

　　Free Cash Flow for the full year 2021 is expected to be at least US$7.0 billion (previously estimated to be above US$3.5 billion), with cumulative capital expenditure increasing to around US$7.0 billion in 2021-2022 (previously estimated to be US$4.5-5.5 billion). The increase in capital expenditure will be used to provide additional equipment such as containers to alleviate current logistics bottlenecks and to improve the reliability of maritime services, as well as to achieve organic growth in the logistics and services business.

　　Global market demand growth is expected to increase to 5-7% in 2021, up from 3-5% previously, driven primarily by growth in exports from China to the US.

　　Higher than normal volatility in performance is still likely in the coming quarters due to potential changes in current demand patterns, supply chain disruptions and equipment shortages that will still have an impact on short-term container freight rates.

　　A.P. Muller Maersk will report its first quarter results on May 5, 2021.

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Zero tolerance! 18 months ban on port calls!

The Australian Maritime Safety Authority (EMSA) recently announced an 18-month port ban on a Qatari-owned bulk carrier, after the vessel had been detained for two months. The Australian Maritime Safety Authority described the conditions on the bulk carrier as "appalling" and warned all ship owners and operators that it has "zero tolerance for substandard vessels operating in Australian waters".

      The two-month-long detention has attracted widespread international attention and will require support and collaboration from the Australian mining industry, maritime unions, port officials, classification societies, flag states and safety inspectors to ensure the welfare of the crew.

      The International Transport Workers' Federation and the Australian Shipmasters' Association have been calling on the Australian Maritime Safety Authority to take tough action. The Australian Maritime Safety Authority has responded by stating that it will focus on the issue and will take action. Recently, the longest ever port ban on ships was issued.

Sachi Wimmer, Deputy Executive Officer of the Australian Maritime Safety Authority, said, "The ban on port calls is not only disruptive to shipping plans, but also causes significant financial and reputational damage to the companies associated with these ships." "Vessel operators like this are not welcome in Australian waters."

      The arrival of the Panamanian-flagged bulk carrier Maryam (46,750 dwt) in New South Wales in mid-February this year first came to the attention of Australian authorities. Australian Maritime Safety Authority inspectors found serious deficiencies regarding the maintenance of equipment, working and living conditions on board and ordered her to be detained. The bulk carrier "Maryam" was detained for almost 10 weeks.

      The newly announced ban comes on the company's second vessel, which arrived in an Australian port two weeks after the first, and on 4 March, Australian Maritime Safety Authority inspectors detained the bulk carrier Movers 3 after an inspection because the vessel had not undergone regular inspections and "the working and living conditions on board were deplorable". The Australian Maritime Safety Authority reported that the crew's food stores were unsafe and inadequate, and that fresh water supplies were low.

      When the classification society inspected the vessel on behalf of the Panamanian flag state, they also found a number of issues relating to crew contracts and working documents on board.

The negligence of the shipping company caused the seafarers of the bulk carrier Movers 3 to have a difficult two months, not to mention the efforts of many organisations on their behalf during this time," said Sachi Wimmer, Deputy Executive Officer of the Australian Maritime Safety Authority. " "We hold the shipping company to account and if it wants to trade in Australian ports in the future then it needs to step up and meet its obligations as a ship owner and operate responsibly."

      The bulk carrier Movers 3 was released from detention on 29 April. The Australian Maritime Safety Authority immediately issued a ban on the bulk carrier Movers 3 entering Australian ports for a period of 18 months.

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22 ships! The largest single boxship order in China's shipbuilding history set a new record again

After a short interval of just one month, the largest single container ship order in the history of China's shipbuilding industry again refreshed the record. China Shipbuilding Group was awarded a large order of 22 container ships by the "old customer" Duffy Steamship again, completing the annual order target ahead of schedule in just four months.

Three shipyards jointly undertake 22 container ships order of Duffy

Ltd. joined hands with Jiangnan Shipbuilding, Hudong-Zhonghua and Wushun Group Qingdao North Shipbuilding Heavy Industry to jointly undertake a total of 22 container vessels of 3 types of Duffy ships order. The order took immediate effect. Sun Wei, member of the party group and deputy general manager of China Shipbuilding Group, and Xavier, executive vice president of Duffy Group, attended the signing ceremony.

This is following the order for 13 16,000 TEU container ships of more than RMB 10 billion jointly undertaken by Dachan Group and Guangzhou Shipbuilding International on March 31, China Shipbuilding Group once again set a new record for the largest single container ship order. The order is a practical manifestation of China Shipbuilding Group and France Duffy Group actively practicing the strategic cooperation framework agreement signed in 2019 witnessed by the national leaders of both sides, and is also another significant achievement of China Shipbuilding Group in terms of ship and sea operation undertaking and product transformation and upgrading after the restructuring and integration. So far, in the first four months of this year, China Shipbuilding Group ship and sea operation undertaking completed the annual target task ahead of schedule.

It is understood that the batch of container ships ordered are the latest generation of green, energy-efficient container ships, all classed by the French classification society (BV), set China Shipbuilding Group design, construction and independent brand host and other key equipment support in one, fully reflects the overall strong comprehensive strength of China Shipbuilding Group.

Among them, Jiangnan Shipbuilding was awarded an order for six 15,000 TEU dual-fuel container vessels, with a total length of 336 meters and a width of 51 meters; Hudong-Zhonghua was awarded an order for six 13,000 TEU dual-fuel container vessels, with a total length of 336 meters and a width of 51 meters. Both vessels adopt the "Hercules" Hercules design of the 78th Institute of China Shipbuilding Group, choose GTT Mark III liquid cargo containment system and adopt WinGD dual-fuel main engine of China Shipbuilding Group's own brand.

In addition, Qingdao North Shipbuilding Heavy Industry was awarded an order for 10 conventional-powered 5,500 TEU container vessels. This type of vessel adopts the SEALION 5500 design of Shanghai Shipbuilding Research and Design Institute, with an overall length of 255m, a beam of 40m, a design draft speed of up to 20 knots, space reserved for the retrofitting of desulphurization devices, and the latest WinGD 2.0 main engine, which meets EEDI Stage III and Tier III emission requirements.

The SEALION 5500 is an energy-saving, environmentally friendly, green and efficient medium-sized container ship. The ship's line design adopts S-BOW, which provides excellent performance in both still water and waves, and takes into account the ship's speed in multiple drafts and movement performance in waves; it adopts WinGD's latest 2.0 main engine for lower fuel consumption and improved energy efficiency; it meets EEDI Stage III and Tier III emission requirements; its excellent indicators of heavy containers, cold containers and European containers help shipowners improve their cargo collection capacity and flexibility; and its 2-deck lashing helps to improve the efficiency of the ship. It meets the requirements of BV FORS fuel oil quick recovery system and ESA flexible shaft system alignment calculation symbols; it avoids the use of medium voltage power station by fully considering the initial investment, maintenance cost and layout space; the intelligent berthing system provides automatic ship manoeuvring function and realizes automatic docking and de-docking of the ship.

Duffy Ships returns to China Shipbuilding Group to order LNG-powered container vessels for three times

After years of cooperation between China Shipbuilding Group and Duffy Shipping, a deep friendship has been established between the two sides. 2017, Duffy Shipping decided to order LNG-powered 23,000 TEU container vessels, which were the largest LNG-powered vessels in the shipping industry at that time, five of which were built by Hudong-Zhonghua and four by Jiangnan Shipbuilding. Currently, seven of the LNG-powered vessels in the series have been delivered for operation.

In March 2019, China Shipbuilding Group and Duffy Shipping jointly signed a strategic cooperation framework agreement as well as a contract for the construction of 10 15,000 TEU ultra-large container vessels. Among them, five vessels built by Jiangnan Shipbuilding will operate with LNG power, while the five vessels built by Hudong-Zhonghua will be equipped with desulphurisation units and use conventional fuel. The project is now well underway.

For Jiangnan Shipbuilding and Hudong-Zhonghua, this is the third time they have joined forces with Duffy Shipping to build LNG-powered container vessels. The order is also the first LNG-powered container ship order received by a Chinese shipbuilder in the past year or so. Clarkson data show that since the beginning of last year, LNG-powered container ship orders totaled 30, of which as many as 28 were received by the three major South Korean shipping companies, only last February Yangtze River Shipping Group won the Hong Kong ship investment company Tiger Fund (Tiger Group) of two 14,000 TEU dual-fuel container ship orders.

For Qingdao North Shipbuilding Heavy Industry, this order is its first breakthrough in the container ship market, but also another in-depth cooperation between North Shipbuilding Heavy Industry and Duffy Ship following the repair and conversion field. Previously, North Shipbuilding Heavy Industry has been mainly to build bulk carriers and ore carriers, Clarkson's data show that North Shipbuilding Heavy Industry is currently holding orders for a total of 21 4.25 million dwt, including four 325,000 dwt very large ore carriers (VLOC) and 14 bulk carriers.

The fact that Duffy Shipping has chosen to place all 22 new vessels under the shipyard of China Shipbuilding Group is a high recognition of the brand and service quality of container vessels of China Shipbuilding Group, as well as full trust in the construction capacity and quality of container vessels of the shipyard of China Shipbuilding Group.

In the course of this cooperation, China Shipbuilding Group gave full play to the reorganization and integration effect and the overall advantages of the shipbuilding industry chain, deepened long-term cooperation with strategic customers, actively provided all-round precise services, and turned advantages into victory. As the main platform for market operation and international business expansion of the Group's shipbuilding and marine industry, CSG gave full play to CSG's design units, shipyards and mainframe supporting plants, and gave full play to the Group's integrated marketing, design, construction, supporting and service advantages of the complete industry chain, winning the trust and affirmation of Duffy Steamship with high-quality services and ensuring the smooth signing of this large order. It further deepened the cooperative relationship between the two sides and consolidated the brand position and market share of China Shipbuilding Group in the global container ship market.

According to Alphaliner, Duffy Shipping has overtaken COSCO Shipping Group in terms of capacity, regaining the third position in the world. Currently, Duffy operates a fleet of 557 container vessels with a total capacity of 3,049,700 TEU, representing a market share of approximately 12.5%. In addition, Duffy has 22 vessels on order, with a total of 332,600 TEU.

It is understood that profitability improved in all performance segments of Duffy Shipping in 2020, with EBITDA of US$5.5 billion in the Marine segment, a significant increase of 71.1% year-on-year, and net profit of US$1.86 billion. Thanks to strong international trade, Duffy ships managed to turn a net profit of USD 1,755 million in 2020, compared to a loss of USD 229 million in 2019.

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Ocean freight rates and challenges rise further

Ocean freight rates out of Asia have continued rising, especially to the US, as reduced capacity, high demand and equipment issues leading to “extreme capacity or equipment shortages” in North China, southeast Asia, and Taiwan.

On the Europe to North America (Transatlantic Westbound) market, not noted that rates there had also increased, with a 1 May GRI implemented, and a GRI on 1 June likely to be implemented.

It recommended that customers make advance bookings with notice of five or more weeks prior to the cargo ready date (CRD) on the Transatlantic Westbound market, noting a “rate increase announced for June by GRI and new/amended surcharges”. It said this market was “expected to remain hot through the summer, with increased pressure on equipment availability in the short term. Booking early is key to securing space. Use Premium products for urgent cargo needing higher reliability.”

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Guangdong's 14th Five-Year Plan proposes to join hands with Hong Kong and Macau to build a world-class port cluster

Recently, the Outline of the Fourteenth Five-Year Plan for National Economic and Social Development of Guangdong Province and Vision 2035 (the Outline) was officially released.

　　The Outline specifies that the competitiveness of Guangzhou and Shenzhen as international shipping hubs will be enhanced, the optimization and integration of port resources in eastern and western Guangdong will be promoted with Shantou and Zhanjiang ports as the core; the layout of inland ports will be optimized, the intensive and large-scale development of inland ports such as Xijiang and Beijiang will be accelerated, the formation of a coordinated development pattern of ports in the province will be promoted, and a world-class port cluster will be jointly built with Hong Kong and Macao.

　　According to the Outline, Guangdong will build an integrated transport network with internal and external connections, construct a world-class integrated transport hub, improve the level of integrated transport services, and accelerate the formation of a "12312" transport circle - a one-hour access between major cities within the PRD region, a one-hour access between the PRD region and the western part of Guangdong, and a one-hour access between the PRD region and the western part of Guangdong. The "12312" transportation circle - 1-hour access to major cities within the PRD region, 2-hour access to the eastern and western regions of Guangdong, 3-hour access to major cities in China and Southeast Asia, and 12-hour access to major cities around the world - will be built to provide a safe, convenient, efficient, green and economical modern comprehensive transportation system.

　　In terms of water transport construction, Guangdong will continue to improve the network of high-grade inland waterways, promote the expansion and upgrading of the Dongjiang waterway and the expansion and upgrading of the Beijiang waterway to study and build in due course. Coordinate and promote the construction of port-diversion railways and sea-going waterways in major coastal ports, support the introduction of special railway lines in inland river ports with conditions, and actively connect to new land and sea channels in the west. By 2025, the province will have more than 380 berths above 10,000 tons, with an annual port cargo throughput capacity of 2.1 billion tons (75 million TEUs of containers) and 1,445 kilometres of high-grade waterways.

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Wenzhou Port Opens "Wenzhou-Philippines" Container Service

On May 1, along with the whistle of SITC container liner "SITC Bashang", "Wenzhou-Philippines" foreign trade container line successfully achieved its maiden voyage, further improving the layout of Wenzhou port foreign trade container line. container route layout.

　　"Wenzhou-Philippines" route is directly linked to the Philippines Subic, Manila North, Cebu, Wanggaxi and other ports, is the only direct route to the four major ports of the Philippines in southern Zhejiang and northern Fujian. After the opening of the route, the cargo will only take four days to reach the Philippines from Wenzhou port, providing a fast and efficient direct sea route to the Philippines for goods from southern Zhejiang, western Zhejiang and northern Fujian.

　　In recent years, with the continued enhancement of the strategic partnership between Zhejiang Seaport Group, Ningbo Zhoushan Port Group and Wenzhou City, the development positioning and port service capacity of Wenzhou Port has been further enhanced. With the strong support of Zhejiang Seaport Group and Ningbo Zhoushan Port Group, Wenzhou Port has continuously opened a number of new near-ocean routes. By the end of April, Wenzhou Port's foreign trade container throughput this year is expected to increase by 20% year-on-year.

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"Silk Road Shipping" Speeds Up Again: Xiamen Port Opens "One Belt, One Road" Route One After Another

The Panamanian container ship "SITC Lianfa" berthed at Xiamen Haitian Terminal on the 1st, ushering in the 5th "Belt and Road" new route in Xiamen Port this year.

The vessel "SITC Lianfa" is ranked 17th in global capacity, SITC International's ships, running between China and Vietnam. The person in charge of the new SITC Xiamen branch said that in order to improve operational efficiency, the ship will stop at only three ports in China and will leave Xiamen and go directly out of the country to Haiphong port in Vietnam, which is a veritable "sea silk express".

In 2 days, mechanical and electrical products, household goods, clothes and shoes from Xiamen port will reach Vietnamese customers.

The director said that the signing of RCEP will bring the trade relations between China and Vietnam closer. SITC has long been concerned about the route connection between Xiamen port and the ASEAN market, and this time it has opened up a direct service between Xiamen and Haiphong, providing more options for manufacturers in the southeast coast to ship goods quickly.

As a strategic pivot city in the core area of the "Silk Road", Xiamen is both connected to the "Silk Road Economic Belt" and facing the "21st Century Maritime Silk Road", and is one of the few regional hubs in China that can achieve land-sea It is one of the few regional hubs in China that can achieve two-way connectivity between land and sea.

Since this year, a number of multinational shipping companies have laid out new routes in Xiamen, "Silk Road shipping" ship, cargo network increasingly close.

Statistics show that, as of April 15 this year, the country's 70 "Silk Road Shipping" named routes a total of 672 voyages, completed the container throughput of 708,500 TEU, an increase of 20.5%. Among them, 55 "Silk Road Shipping" named routes in Xiamen port operated 622 sailings, completing 693,700 TEU of container throughput, an increase of 21.4% year-on-year, all higher than the growth rate of other ordinary routes.

For the "Silk Road Shipping" in the "14th Five-Year Plan" to start fast, the industry is full of confidence. Li Nan, deputy general manager of Fujian Silk Road Shipping Operation Co., Ltd, said that recently, "Silk Road Shipping" has been officially included in the "14th Five-Year Plan and the outline of the 2035 Vision", and the country clearly proposed to support the expansion of the "Silk Road Shipping" brand influence. The company will take the 72 "Silk Road Shipping" named routes in 5 ports across the country as an important grasp, and take the "Silk Road Shipping" alliance as the main carrier to continue to build the "Silk Road Shipping" multi-core driving force. The company will continue to build up the multi-core driving force of "Silk Road Shipping" with the "Silk Road Shipping" Alliance as the main carrier.

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Fuzhou City makes every effort to build a world class port

This reporter learned from the report on the expansion of exchanges and cooperation along the "sea silk" route made by the municipal government to the Standing Committee of the Municipal People's Congress recently, to build a "sea silk" gateway hub, Fuzhou City to promote the construction of world-class ports, and strive to 2022 Fuzhou Port cargo The cargo throughput of Fuzhou Port will exceed 250 million tons and the container throughput will exceed 4.1 million TEUs.

　　It is understood that since 2018, Fuzhou City has carried out actions to integrate into the construction of the core area of the "sea silk" to enhance action, "sea silk" to lead the "multi-zone overlap" to build a new high ground of innovation and opening up Fuzhou has been working hard to build a strategic pivot city for maritime cooperation, and has continued to deepen exchanges and cooperation with other cities along the "sea silk" route.

　　In the next step, Fuzhou City will further implement key projects such as "Silk Road Shipping", build a smoother cross-border logistics and shipping system, build a regional international shipping and logistics headquarters base for countries along the "Sea Silk", and strive for the deployment of shipping giants such as Mediterranean Shipping to set up trunk lines in Fuzhou. Set up trunk lines. Strengthen the "two horse" shipping express route, attract cross-strait cargo trade to transit through Fuzhou, and create a "Fuzhou-Taiwan-global" logistics channel. Increase efforts to attract large air freight forwarding companies and promote the opening of a number of routes along the "Silk Road" around the construction of Fuzhou (Changle) International Aviation City, so as to build an efficient and convenient air logistics network.

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Shandong's "14th Five-Year Plan" proposes to reach 1.8 billion tons of comprehensive coastal port throughput by 2025

Recently, the People's Government of Shandong Province released the "Outline of the Fourteenth Five-Year Plan for National Economic and Social Development of Shandong Province and Vision 2035" (the "Outline"), proposing that by 2025, the comprehensive throughput of Shandong coastal ports will reach 1.8 billion tons and the container throughput will reach 40 million TEUs.

　　According to the Outline, Shandong will build a world-class port cluster on the Shandong Peninsula, promote the linkage development of seaports, river ports, land ports and air ports, and optimize the functions and layout of ports by promoting the unified planning of coastal port shoreline resources, promoting the deep integration of ports, industries and cities, strengthening the integration of port resources along canals, and planning and building ports along the Xiaoqing River, etc.; by exploring the establishment of a shipping exchange, expanding shipping finance, shipping and cargo agency, and By exploring the establishment of a shipping exchange, expanding the whole process of value-added services such as shipping finance, shipping and cargo agency, distribution and delivery, and supporting Rizhao to build a demonstration base for oil supply to ships in northern China and an energy bulk commodity trading centre, the capacity of international shipping services will be enhanced; by carrying out pilot projects of intelligent ports in a strong transportation country, building a port cloud ecological platform, implementing a green port action plan, and supporting Qingdao Port to build a "China hydrogen port", etc. The Outline also proposes that the port of Qingdao be supported in building a "China Hydrogen Port".

　　Meanwhile, the Outline proposes to strengthen the R&D and production of key equipment such as seventh-generation ultra-deepwater drilling platforms, deep-sea space stations, floating production, storage and offloading units, deep-sea farming and offshore wind power, to build a world-leading offshore equipment manufacturing base, and to support Yantai in building the northern headquarters of China's offshore industry; to develop marine tourism such as cruise ships, yachts and marine sports, to support Qingdao in building an international cruise home port, and to promote Yantai, Weihai In addition, the Government should support Qingdao to build an international cruise ship homeport, and promote Yantai, Weihai and Rizhao to carry out a pilot cruise ship cruise without destination.

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5 "new partners" for the fully automated container terminal at Rizhao Port in Shandong Province

Automatic grasp box, cross-item, move box, box move like a line of clouds, car moving like flowing water, May 5, in Shandong port Rizhao port fully automatic container terminal, 5 unmanned set of cards to participate in the actual production of commissioning, as the winning puzzle activates the whole field of the dragon like lighting up the prototype of fully automatic container terminal also ignited the wisdom of the port to the sea to strong prairie star fire.

The smooth commissioning of the single line production of unmanned trucks, for the "remote control bridge, automated rail crane, unmanned trucks" as the basic layout of the "Shandong Port Rizhao Port new mode" fully automated container terminal debut early this summer, hit the final note. From the "pro-people version" of the automated yard dazzle the country to fully automatic terminal "wisdom" to lead the tide, just three years, the source of power from the construction of a strong marine country "blue belief" strong The source of power comes from the strong "blue conviction" of building a strong maritime nation, from the continuous empowerment of port integration reform, from the perseverance and determination of "the development of container transport with all the strength of Hong Kong", from the national sentiment of countless "grassroots artisans", workers' power.

Fully automated container terminals, although high efficiency, low operating costs, but a one-time huge investment to build, long construction cycle, high complexity of system integration. In addition, Shandong port Rizhao port container terminal is in the original bulk cargo berth transformation, facing difficulties such as construction difficulties, and no ready-made experience to follow.

"Big or not, bulk cargo; strong or not, container; do not dwell on fully automatic, do not dwell on high, use the advantages of the boat road network of research and development, according to the ability to do the most economical automated terminal." Zhao Bo, then general manager of Shandong Port Rizhao Port Collection and Development Company, was the general manager of the project at that time, and he was able to overcome all difficulties, and pointed out a "succession of compact, step-by-step construction, orderly implementation, pragmatic and efficient" construction policy for the development of Rizhao Port container automation, starting with the automated yard, and then follow up the fully automated terminal.

"Shandong port Rizhao port new mode" under the wisdom of the cultivation, so that the luxury quay flying into ordinary people's homes, so that the construction of a "technology-filled" "humane" quay becomes no longer It is no longer "frightening", and operating an "international" marina is no longer out of reach - "people-friendly" is This new model of terminal is the most distinctive gesture.

The first phase of the implementation of the automated yard project, is currently the world's shortest construction cycle, the first large-scale, parallel shoreline layout of the double-cantilever automated yard, investment savings, low operating costs, the overall construction investment costs of the terminal is far lower than some of the traditional vertical shoreline container automation terminal construction costs abroad. The first phase of renovation and construction of yard operation equipment applies laser scanning, image recognition and other technologies, combined with the intelligent yard allocation strategy of the TOS system, to achieve the automated operation of the container yard. The loading and unloading process can be integrated with the traditional yard, and the internal and external trucks are completely separated and directly enter the yard, solving the traditional fully automated terminal process problems, improving the overall utilization rate of resources, and providing the industry with a customized "pro-people solution" for the whole terminal. Since the project went into operation, Guangzhou Port, Suzhou Port, Tianjin Port, Yingkou Port and other terminals have come to exchange and discuss with each other, exploring a replicable, replicable and commercially viable path for the construction of a strong ocean state.

The successful practice of the Phase I project has brought tangible economic and brand benefits to the terminal and has boosted the confidence and motivation of the builders of Rizhao Port in Shandong to continue to move towards a smart port. The second phase of the project was built more smoothly and delivered ahead of schedule, while the automated tasking system was further upgraded to achieve fully automated operation of the inner container trucks. After actual production verification, Shandong Port Rizhao Port automated yard project single person single shift operation volume is five times than the traditional field bridge, external collector truck in the automated yard average stopping time is less than one-third of the traditional yard, the use of manual reduced by 90%, the work intensity and environment greatly improved, to achieve 24-hour all-weather operation, operational efficiency steadily ranked at the forefront of the industry, won the first prize of Shandong Port annual innovation project, let It has won the first prize of the annual innovation project of Shandong Port and made the industry brand of "Rizhao Port from the south to the north" even louder.

From the initial stage of the construction of the first phase of the project, no one asked for the project, to the second phase of the project has attracted global attention, and then the third phase of the fully automated terminal project, some domestic and foreign industry leaders to take the initiative to approach and promote cooperation, "Shandong Port Rizhao Port New Model" will be "impossible" into "possible". into "possible", creating a container through the global supply chain "leveling" the miracle of the world.

"In the fully automatic terminal construction sprint stage, we will take up the heavy responsibility, when the port of Rizhao, Shandong port's new business card, representing a more complete container capacity layout, more scale of transport, more agile, intelligent, green port production mode, will be more efficient service global industry chain, supply chain, bearing the weight of speeding up the construction of world-class marine port. " Qin Xiao, Secretary of the Party Committee and General Manager of Shandong Port Rizhao Port Collection and Development Company, said so.　 Shanghai leagueshipping-china freight forwarder

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US$7 billion! This port is about to become the number one port in Africa

South African authorities recently unveiled an ambitious US$7 billion plan to modernise the Port of Durban in order to improve its efficiency and reclaim its position as Africa's best performing port, according to overseas media reports.

South African President Cyril Ramaphosa said that the government plans to mobilise the private sector to participate in the port expansion project. This will help the port to fulfil its role as an anchor for economic growth and to become a gateway port for southern Africa and the continent as a whole.

He also said that Transnet, the country's regulator of ports, railways and pipelines, would later this year sign a concession with a private company to build and operate a new terminal in the Point precinct to improve the port's container handling efficiency.

The Durban port modernisation project will also include the extension of the Maydon Wharf channel to allow large modern ships to enter the port and the infilling of Terminals 1 and 2 to create additional container capacity.

In recent years, the Port of Durban has slipped to third place in Africa, behind Tangier in Morocco and Port Said in Egypt. Once completed, the port will increase its container capacity from 2.9 million TEU to over 11 million TEU and will also regain its position as the busiest and largest port in Africa.

In response to the worsening congestion crisis, in 2019, the South African government established a multidisciplinary Durban Port Congestion Mitigation Task Force to take measures. These include synchronising the operating hours of the port's back-end container yard with the port's 24-hour operating hours, and introducing a comprehensive truck booking system to provide comprehensive data on projected truck volumes to allow all parties to plan more effectively.

Ramaphosa said that while this was important progress, there was still much work to be done to position Durban as a world-class hub port in the southern hemisphere.

Data from the Transnet National Ports Authority shows that total throughput at the Durban port in 2018 was 2.9 million TEU, up 10% from 2.6 million TEU in 2017. During the year, the total cargo volume was 83.1 million metric tonnes, up 6.4% from 78.1 million metric tonnes the previous year.

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