Decline in scrap prices triggered by fall in vessel value as overcapacity grows
Speaking at the World Shipping Summit 2013 in Ningbo last month, McKinsey business analyst Steve Saxon warned delegates that oversupply of tonnage in container shipping was here to stay.
Mr Saxon said: “Boxship owners have displayed a continued interest in ordering new vessels, despite the oversupplied market, due largely to [historically] low newbuilding prices and the attraction of more fuel-efficient ships. This means that it makes sense for owners to order …
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Forwarders have missed opportunities presented by the rise of e-commerce
Freight forwarders have been slow to catch on to the rise and rise of e-commerce, thus preventing smaller retailers from being able to roll out their products globally, according to David Emerson, group sales and marketing director for SEKO Logistics.
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Hapag-Lloyd and CSAV reveal they are talking ‘merger or more co-operation’
Container shipping lines Hapag-Lloyd and CSAV have announced they have been holding discussions on the possibility of merger or some other form of co-operation.
A short statement released this morning said: “Hapag-Lloyd and CSAV are currently maintaining discussions if a possible ...
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Don’t get too excited, but air cargo traffic is still on the up
The results for October’s air cargo traffic are out –and again they show year-on-year growth. IATA’s figures show total air cargo traffic up 4%, while WorldACD said there had been a 5.3% volume increase, along with a 3.5% increase in US dollar yields. You can read WorldACD’s commentary here, which asks whether the pre-holiday peak ended in October and whether November would be better still. Or you can read a regional breakdown and the considered views of Cargo Facts – which warns against overexcitement.Read more...
3D printing: potentially thrilling, but flawed
Interesting short post on the prospects of 3D printers from the perspective of procurement officers. Yes, there are lots of potential upsides, particularly in relation to costs, but there are also significant obstacles that would need to be addressed prior to any wide-scale adoption. Chief among these are concerns about copyright protection and intellectual property, as well as the issue of liability on 3D printed products.Read more...
Kerry Logistics gears up for mainland e-commerce surge
As Hong Kong’s largest 3PL, Kerry Logistics continues its preparations to list as a separate company from its parent. It is also moving forward with the chief plank of its future growth strategy: the provision of services for China’s already large, but still fast-growing, e-commerce retail segment. Apart from the obvious potential for growth, the move allows it to diversify its revenue-base away from its Hong Kong warehouse operations, which currently account for about 30% of its operating profit.Read more...
Four China Southern Airlines executives held in anti-graft probe
Well, we don’t know if this is on the cargo or passenger side – let’s face it, both divisions in the industry have some history on this score – but middle managers at China Southern are being investigated for corruption. Ten executives were led away by police last month, but just four, said to be in sales and marketing, are still being questioned.Read more...
Upstream chain sees strong orders for Xbox One and PS4 components in Q1
A couple of interesting titbits from Digitimes. Tablets shipments by Apple and Samsung are expected to increase during December, because of high demand, added to by some retailers cutting the price on Samsung’s Galaxy Tab 3 in the US. Meanwhile, the first quarter of next year is looking promising, if you are involved in the shipment of games. Upstream sources have indicated that January shipments of Xboxes and Playstations will be at November levels, while February will be affected by the Chinese new year holiday. But volumes in March are expected to be strong.Read more...
- Unions welcome Luxembourg state continuing to hold a stake in Cargolux
- Zim reacts quickly to threat of being left out in the cold by mega-alliances
- Cargolux staff fear being left cargoless by HNCA deal with TNT in Belgium
- Tribunal overturns UK competition ban on Eurotunnel’s SeaFrance vessel buy
- More changes at Tiaca as forwarding and logistics chiefs join the board
- G6 box carriers expand operations to head off P3 threat to east-west trades
- MSC asks to expand terminal at port of Antwerp on the back of P3 plan to call
- Container line ZIM insists it is still a “going concern”, despite Q3 losses
- Details of Kerry Logistics IPO emerge as parent files report to HK stock exchange
- State agrees sale of Cargolux stake, but industry veterans fear for carrier’s future