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One Minato Shines Through Port of Yantian


August 5, 2018

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).

Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.

At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service), made successful calls at ports of Kaohsiung and Hong Kong before calling at Yantian.

She will continue her voyage to Cai Mep, Singapore via the Suez Canal to New York, Norfolk, Savannah and Charleston on the United States East Coast. On the way back to Asia, she will call again at New York, Singapore and Kaohsiung.

“This is a very special time for ONE to welcome our  One Minato, which is the second in a series of seven 14,000 TEU-class new containership with our signature magenta branding on its hull. Increased deployment of large vessels enhances our growth strategy and complement our fleet,” said Shunichiro Mizukami, Region Head, East Asia and Managing Director of ONE EA in the welcome ceremony.

 “This new vessel and her sister vessels sailing on Asia to North America trade can further strengthen our Asia network. Together with our customers and partners such as YICT, ONE is dedicated to providing optimal solutions and higher quality services as we believe that “AS ONE, WE CAN.!,” Shunichiro added.

YICT’s Managing Director, Patrick Lam said, “We are very honoured to witness the maiden voyage of “One Minato” at YICT. This not only marks the long term partnership between ONE and YICT, but also highlights the fact that YICT is the preferred mega vessel hub in South China.”

CMA CGM FAK rate changes

FAK rates – From Asia to the Middle East Gulf

CMA CGM announced a Rate Restoration Program for July 2018 as follows effective July 22nd, 2018 (B/L date):

  • Origin Range: From all Asian ports
  • Destination Range: To Middle East Gulf ports
  • Cargo: Dry, OOG, Breakbulk & Reefer cargo
  • USD 200 per TEU

Quantum to be applied on top of rates valid from July 15th to 21st, 2018

  • Effective July 29th, 2018 (B/L date):
  • Origin Range: From all Asian ports
  • Destination Range: To Middle East Gulf ports
  • Cargo: Dry, OOG, Breakbulk & Reefer cargo
  • USD 200 per TEU

Corresponding FAK rates level will be settled as follows:

  • As from July 22nd, 2018, our FAK Tariff Guide Lines (excl. THC both ends) are:
  • USD 500/20’ – USD 800/40’ from all China and South Korea base ports to Jebel Ali
  • As from July 29th, 2018, our FAK Tariff Guide Lines (excl. THC both ends) are:
  • USD 700/20’ – USD 1,200/40’ from all China and South Korea base ports to Jebel Ali

FAK Rates – From ECSA to North Europe and the Mediterranean

CMA CGM Freight All Kinds (FAK) rates(*) as follows as from August 1st, 2018 (date of loading in the origin ports) until further notice:

These new rates include an increase of USD 100/TEU compared to previous rates

These new FAK rates will apply as follows:

  • Origin Range: From East Coast South America ports
  • Destination Range: To North Europe, Baltic and Mediterranean
  • Date of application: From August 1st, 2018 (date of loading in the origin ports) until further notice

(*) These rates include the Basic freight. They are subject to the Bunker related surcharges, the THC (Origin and Destination), the Peak Season charges and similar charges and the Security related surcharges which are accessible at http://www.cma-cgm.com/ebusiness/tariffs/charge-finder. Other charges such as Contingency charges and local charges may also apply.

Asia Pacific airlines see buoyant cargo markets in May

Association of Asia Pacific Airlines’ (AAPA) international air passenger and air cargo markets remained buoyant in May, with further expansion in business activity supporting growth in demand.

AAPA said: “Amid rising global trade tensions, Asia Pacific airlines experienced an encouraging 4.9% year-on-year increase in air cargo demand as measured in freight tonne kilometres (FTK) in May.

“The region’s economies enjoyed a firm increase in new orders during the month, on the back of a broader upturn across the region. At the same time, stronger demand for manufactured goods supported further growth in air cargo demand.

“However, the average international freight load factor declined by 1.3 percentage points to 64.2% for the month, after accounting for a faster 7.2% growth in offered freight capacity.”

Preliminary May traffic figures indicate that the region’s carriers registered a firm 8.7% year-on-year increase in the number of international passengers carried to a combined total of 28.8m.

Commenting on the results, AAPA director general Andrew Herdman said: “Global economic expansion remained relatively solid, marked by a pick-up in business activity in major advanced economies, particularly the US, and sustained growth in the leading Asian economies.

“The supportive economic conditions, along with the ongoing increase in network connections and availability of affordable air fares led to an encouraging 7.5% growth in the number of passengers carried by the region’s carriers during the first five months of the year, to an aggregate total of 146 million. During the same period, air cargo demand grew by 5.4%, with volumes sustained at relatively high levels.”

Looking ahead, Herdman added: “While the increase in new orders across the region is still quite encouraging, the recent escalation in protectionist rhetoric could potentially undermine confidence and destabilize global trade flows.

“In addition, the operating environment for airlines is increasingly challenging due to the impact of higher fuel costs. Accordingly, the region’s carriers continue to seek avenues to increase operational efficiencies in a bid to boost profitability.”

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CMA CGM: FAK Rates from Asia to the Mediterranean and North Africa

FAK Rates – From Asia to the Mediterranean

CMA CGM Freight All Kinds (FAK) rates(*) as follows as from June 15th, 2018 (date of loading in the origin ports in Asia) and until further notice but not beyond June 30th, 2018:

These new FAK rates will apply as follows:

  • Origin Range: From all Asian main ports
  • Destination Range: To all Mediterranean main ports (areas mentioned above)
  • All outports in Asia and the Mediterranean will be subject to additional surcharges
  • Date of application: From June 15th, 2018 (date of loading in the origin ports) and until further notice but not beyond June 30th, 2018

FAK Rates – From Asia to North Africa

These new FAK rates will apply as follows:

  • Origin Range: From all Asian main ports
  • Destination Range: To all North African main ports (areas mentioned above)
  • All outports in Asia and North Africa will be subject to additional surcharges
  • Date of application: From June 15th, 2018 (date of loading in the origin ports) until further notice (but not beyond June 30th, 2018)

(*) These rates include the Basic freight and the Bunker surcharge. They are subject to other Bunker-related surcharges, the THC (Origin and Destination), the Peak Season charges and similar charges, the Safety and Security-related surcharges which are accessible at http://www.cma-cgm.com/ebusiness/tariffs/charge-finder. Other charges such as Contingency charges and local charges may also apply.

Drewry: Middle East comeback

Demand growth from Asia to the Middle East topped 26% in 1Q18, but just like the South Asia market freight rates continue to fall because of chronic over-capacity.

After a long period of stagnation, the Asia to Middle East container trade went into overdrive in the past few months. Westbound shipments increased by a staggering 26% year-on-year in 1Q18, according to the latest release by Container Trades Statistics (CTS) – the fastest quarterly growth rate in at least five years.

AAPA reports on Asia Pacific airlines’ 2017 performance

According to the latest figures from the Association of Asia Pacific Airlines (AAPA), thanks to major manufacturing economies located in the region benefiting from increased trade, Asia Pacific airlines enjoyed a 9.6% improvement in international air cargo traffic – as measured in freight tonne-kilometres (FTKs) – over 2017 compared to the previous year.

Asia Pacific airlines achieved a 6.7% growth in combined operating revenue over the year, earning $176.6bn.

And the region’s carriers made $8.8bn in combined net earnings over the course of 2017.

Cargo-related revenue increased by 14.6% to $18.6bn.

Moreover, following several years of contraction, cargo yields rebounded by 6% to reach 25 US cents per FTK.

The airlines’ combined operating expenses rose by 8.7% compared to 2016 to reach $165bn. Fuel costs rose significantly, by 19.6%, AAPA said.

Andrew Herdman, AAPA’s director general, commented: “Overall, Asia Pacific carriers as a group achieved commendable earnings performance in 2017, with the solid 31.6% increase in net earnings to $8.8bn underpinned by strong growth in both air passenger and cargo volumes, and higher average load factors.

“Nevertheless, the region’s airlines continued to face some significant headwinds in the form of stiff competition, and increased cost pressures from markedly higher fuel prices and rising labour costs.”

Looking forward, Herdman continued: “The ongoing expansion in the global economy bodes well for Asian airlines.

“Business activity is expected to remain relatively robust whilst increased consumer spending should underpin further growth in passenger travel and continue to support air cargo demand in the coming months.”

“Overall, Asian airlines continue to evolve in the face of changing market dynamics, implementing measures to increase efficiency and carefully control operating costs whilst seeking opportunities to maximise revenue.

“In addition, the region’s airlines remain focused on enhancing business performance through increased investments in new technologies and modern fuel efficient aircraft,” he concluded.