According to the latest data from Alphaliner, as of October 5, 2020, among the top 100 global liner companies with shipping capacity, Maersk and ranked first, MSC ranked second, COSCO SHIPPING + OOCL ranked third, CMA CGM The steamship ranks fourth, Hapag-Lloyd ranks fifth, and Japan Ocean Network Express (ONE) ranks sixth. The seventh to tenth places are: Evergreen Marine, Hyundai Merchant Marine, Yang Ming Marine, and Zim Shipping.
Changes in the position of shipping companies in mainland China
In the latest ranking of liner companies in mainland China, COSCO Shipping Lines ranked 3rd; China Grain Logistics ranked 13th; Antong Holdings ranked 16th; SITC International ranked 17th Sinotrans ranked 25th; Ningbo COSCO ranked 36th; Jin Jiang Shipping ranked 41st; Dalian Trade Wind Shipping ranked 44th; Taicang Port Container Shipping Co., Ltd. ranked 63rd; Tianjin Datong Shipping ranked 74th; China United Shipping ranked 96th; Guangxi Hongxiang Shipping Co., Ltd. ranked 99th; Dalian Jifa Rim Bohai Container Lines ranked 100th.
Performance Report
On September 4, CMA CGM released its second quarter results for 2020. According to the disclosure, the company achieved a total revenue of US$7.004 billion in the current period, a year-on-year decrease of 9%; profit before interest, taxes, depreciation and amortization (EBITDA) was US$1.205 billion, a year-on-year increase of 26.3%; the EBITDA rate increased by 4.8 percentage points to 17.2%; Profit turned from a year-on-year loss to US$136 million; net cash flow from operating activities was US$1.114 billion, an increase of US$303 million year-on-year.
Review of major events in September 2020
Founder of PIL Zhang Yunzhong passed away at the age of 102
On September 4, 2020, Zhang Yunzhong, known as the world’s oldest billionaire and founder of Singapore’s PIL Died at the age of 102. Zhang Yunzhong was born in Kinmen, Fujian Province, China in 1918, and moved to Singapore with his family; he started his shipping career in 1949. Zhang Yunzhong founded PIL in 1967. The company only had two ships at the beginning of its establishment. It mainly engaged in regional bulk cargo transportation. Since 1983, it has launched container transportation services. In 1994, Zhang Songsheng, the son of Zhang Yunzhong, officially took over as the managing director of PIL and presided over the company's operations.
Xie Zhijian of Yang Ming Shipping has retired, and his successor has a non-shipping background. CEO.
The pride of private shipowners! China Grain Stream landed on the A-share market today!
On September 25, Zhongguli (603565) was listed on the Shanghai Stock Exchange and officially landed on the A-share main board. According to public information, in the first half of 2020, China Grain Logistics achieved a total operating income of 4.44 billion yuan, a gross operating profit of 378 million yuan, a net profit attributable to shareholders of listed companies of 249 million yuan, and a deduction of non-net profit of 152 million yuan.
Jin Jiang Shipping ushered in a historic moment today!
On the morning of September 28, Jinjiang Shipping held the unveiling ceremony of the new office site of Haihua Company and the release event of the Jinjiang Shipping brand mascot at 14th floor, Admiralty Plaza, Huangpu District, Shanghai. The company invited two representatives of the captains to unveil the new office. Representatives of some customers and employees' family members attended the ceremony to witness the important historic moment when Haihua Company moved into the new site and Jin Jiang and Haihua realized the joint office.
CMA CGM acquires 30% equity of Dubreuil Group Aero!
CMA CGM confirmed the acquisition of a 30% stake in the French Dubreuil Group in order to expand its business in the non-shipping sector. CMA CGM said in a statement on Wednesday that it would acquire the shares through a capital increase and the acquisition of common shares, and would gain two seats on Dubreuil Aero's board of directors.
Singamas Containers’ debt to PIL will drag down the group’s financial performance Has not yet reached a repayment agreement, and Pacific Shipping GroupDiscussions between the missions regarding the repayment plan are still ongoing.
Extreme feelings: "Jacques Sade" was successfully delivered!
News from Shanghai on September 22, the world's first 23,000 TEUs dual-fuel power container ship built by Hudong Zhonghua, a subsidiary of China Shipbuilding Corporation Co., Ltd., was successfully named and delivered at the Shanghai Changxing Island Shipbuilding Base. CMA CGM JACQUES SAADE is the world's first batch of container ships powered by natural gas. 000TEU container shipbuilding contract for two container ships. The new ships may be put into operation on the Asia-North Europe route one after another.
Adding capacity to the trans-Pacific line——Yangming Shipping’s third 10,000-TEU new ship delivered
Yangming Shipping’s 1,000-TEU-class container ship “YM Totality” is about to be completed and delivered, and it will cooperate with the deployment of THE alliance routes , put into operation on September 27th the trans-Pacific Northwest route PN3, providing high-efficiency cargo transportation services from the Far East to the Northwest of the United States.
Whampoa Wenchong received a US$92 million container ship order from TS Lines
CSSC Whampoa Wenchong, a subsidiary of CSSC, once again signed a contract with TS Lines for the construction of four 1900TEU container ships. Huangpu Wenchong Company has many years of experience in container ship construction, and its orders for feeder container ships have ranked first in the world for many years. The 1900TEU container ship signed this time is a fourth-generation BangkokMax new container ship independently developed, with a total length of 172 meters, a molded width of 27.5 meters, and a draft of 10 meters. It is expected to be put into the Southeast Asian market.
Orient Overseas may add seven 23,000TEU container ships. Will the container shipping market usher in a shipbuilding boom?
According to the Lloyd's Register report, OOCL is considering an additional order for seven 23,000TEU container ships. According to people familiar with the matter, this batch of new shipbuilding plans, together with the previous five ship orders, will build an independent cycle for OOCL on the Asia-Europe route.
The fleet of Yunda Shipping has been upgraded and two new ships of 1,756 TEU have been added.
The Singapore-registered shipping company Yunda Shipping has actively strengthened its route layout in Southeast Asia and continued to deepen regional routes to provide efficient shipping services. Recently acquired two 1,756TEU container ships from Zhoushan Changhong International. The ship has an overall length of 170 meters, a molded width of 28 meters, a molded depth of 14.2 meters, and a design draft of 9.5 meters. It is classified by DNV GL. This design is suitable for ports with shallow drafts in Southeast Asia and is conducive to more flexible route configuration planning.
Zim Shipping ZIM has launched a new China-Australia express line to major ports in Australia
ZIM will enter the Australian market with express ship services connecting China to major ports in Australia. The new service, called China-Australia Express (CAX), will provide 11-day transfer shipping from South China to Sydney - not only one of the fastest shipping services on the market, but also ZIM's other advantages and first-class customer service.
SEACO teamed up with BoxPlus to do this for OOCL...
BoxPlus, as a global leader in container tracking and IoT solutions, announced in September that it will cooperate with SEACO, a global leader in the field of refrigerated containers, to provide OOCL with IoT-based refrigerated container leasing service. By installing cutting-edge IoT devices (IBOX) on refrigerated containers, it is possible to know the location of the container, the operating parameters of the chiller, including temperature, humidity, time and alarms in a timely manner, thereby greatly improving the information transparency and operational efficiency of cold chain transportation , to provide more value for participants in the entire transportation chain, including shippers and carriers.
Yang Zhijian visited Yingkou Port Group Co., Ltd. and Jinzhou Port Co., Ltd.
On September 16 and 17, COSCO SHIPPING Lines Chairman and General Manager Yang Zhijian visited Yingkou Port Group Co., Ltd. and Jinzhou Port Co., Ltd. . During the visit, the two sides discussed and exchanged views on issues of common concern. both sidesThey agreed to continue to consolidate and strengthen the cooperation between ports and shipping companies, and to jointly promote the healthy and sustainable development of domestic and foreign trade based on the principle of mutual benefit and win-win cooperation.
Maersk Tankers stood with their biggest competitors...
Recently, two of Maersk Tankers’ biggest competitors, Hafnia CEO Mikael Skov and Stena Bulk CEO Erik Hanell, praised Maersk Tankers on social media. A feat by the entire crew of the Maersk Etienne.
Drewry: The Global Container Index rose by 1.6% in September
The World Container Composite Index (WCI) released by Drewry rose by 1.6% month-on-month and 109.5% from the same period in 2019. According to Drewry's assessment, so far this year, the WCI's average composite index is $1,823/FEU, which is $388 higher than the five-year average of $1,436/FEU.
Container Freight Rates Hit 8-Year Highest
Container rates hit an 8-year high last week, BIMCO said, and everything seems to point to the trend continuing. But there was supposed to be a deadline for the increase in shipping rates. The turnaround suggests that many of the ships that have resumed operations in recent weeks have not affected rates on key routes between China, Europe and the US.
The rising trend of container freight spreads to the Latin American route
According to the latest data from the Shanghai Export Containerized Freight Index (SCFI), while the freight rates of the trans-Pacific route and the Asia-Europe route rose slightly, the freight rate from Shanghai to the east coast of Latin America was the highest Points are also rising. Freight rates from Shanghai to the port of Santos, Latin America’s largest port , soared 26% this week to $3,646/FEU. This week's rise of up to $745 is more than double last week's rise of $368. Freight rates on the route are themselves record highs, and the pricing environment at the end of 2020 shows abnormal volatility.
Under the ravages of the epidemic, why is the transatlantic LCL business still stable?
In the transatlantic trade, ocean freight LCL companies and forwarders are taking comfort in less than container load (LCL) business volumes despite the continued downward pressure on the economy caused by the COVID-19 pandemic. In recent months, more and more U.S. and European shippers have turned to LCL services as an inexpensive alternative to air freight and full-container shipments disrupted by the pandemic.
I heard that the big brothers from the US line have been interviewed by relevant departments? The freight rate of the US line has reached a new record high!
Several major shipping companies have confirmed to the shipping industry network that in the face of the recent rise in freight rates on the US line, relevant departments require shipping companies to standardize their freight rate filings; improve the filing of shipping capacity, routes, and schedules; and standardize charging behavior. However, out of respect for the market economy, no department has put forward a mandatory requirement not to raise prices. (Although some shipowners have made relevant countermeasures)
The United States warned liner companies to prohibit the surge in trans-Pacific freight rates
The US Federal Maritime Commission (FMC) stated that it has strengthened its supervision on the shipping market , and various shipping companies The review by the company and the three major global shipping alliances to investigate abnormal freight rates caused by the epidemic. FMC mainly examines the market on the trans-Pacific trade route, as well as the suspension measures adopted by various shipping companies and the three major shipping alliances in response to the new crown pneumonia epidemic.
Low retail inventory or the main reason for the explosion of demand on the Pacific route
The sudden and sharp drop in retail inventory levels in the United States may be the reason behind the large increase in the volume of the Pacific route. But the recovery may be short-lived as inventory levels return to normal. Sea intelligence's analysis of U.S. Census Bureau data shows that the impact of the epidemic on U.S. inventories is the most severe since it was measured in 1992, affecting U.S. manufacturing, wholesale and retail inventories. Inventories at all U.S. businesses have fallen since July, with the retail sector seeing the biggest drop. Container shortages have indeed been going on for months
Due to the hot transpacific shipping market, there has been a shortage of containers in the market for months, especially the large 40ft containers. DHL thinks that shipping companies willPacking and transshipment to the Pacific market, making a lot of profit from high freight rates. This has created shortages of containers and other marine equipment in other parts of the world, such as the main trade routes between Asia and Europe.
Drewry, a well-known maritime consulting agency, believes that the rent in the current market has soared, and idle capacity has been put back into the market. The proportion of idle capacity in the container fleet has dropped from 74% in July to 6.2% in August, a decrease of 270,000 TEU, Drewry said. It is expected that in the next few months, the proportion of idle capacity will shrink further. With the improvement of demand, shipping companies are starting to restore capacity. Against this background, the rent of all types of containers has increased, especially the 8,500TEU The rent of container ships has been high. In August, the rent of such ships increased by 7,000 Guan Yuan/day month-on-month, an increase of 32%. However, as the container shipping market is still full of volatility, it remains to be seen whether the higher rent can be sustained.
Due to the hot transpacific shipping market, there has been a shortage of containers in the market for months, especially the large 40-foot containers. DHL believes that shipping lines transship so many containers to the Pacific market, making a lot of money from high freight rates. This has created shortages of containers and other marine equipment in other parts of the world, such as the main trade routes between Asia and Europe. Various shipping companies have negotiated with customers and dispatched empty container conversion to the maximum extent, trying their best to meet the increasing transportation demand.
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