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Lucky03 Elite	04-May-2014 21:20        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	'Dragon' is growth and demand while 'Serpent' is ship retirement and supply. They will be in 'harmony' not too distant from now. Though many predicted this may not happen till 2015, the caveat is subject to ship owners retiring or laying off old and inefficient ships and the rate of recovery of World Economy and resurgence of global trade. They are likely to surprise on the upside. Lucky03      ( Date: 04-May-2014 17:56) Posted: Lot 21 Bless is the union of the man and his wife. Who marry in accord with Yin and Yang. So a dragon and a serpent join together. United are they in a dream so sweet. This describes the harmony of the sun and the moon. It symbolizes great good fortune. Whatever you wish will materialize. A man and a woman will unite in marriage. There will be abundance of riches and an even better harvest is to come. Your family and your own safety is guaranteed. Trading will prosper and you will make money easily. Marriage will be successfully arranged and a boy will be born. It is a profitable year for farming as well as raising silkworm and domestic animals. A visitor will come soon and the missing will reappear. Things lost will be found. Lawsuits will go in your favor. Migration or move will bring you fortune. Sickness gets good treatment. Ancestral graves are safe and sound.
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Lucky03 Elite	04-May-2014 17:56        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lot 21 Bless is the union of the man and his wife. Who marry in accord with Yin and Yang. So a dragon and a serpent join together. United are they in a dream so sweet. This describes the harmony of the sun and the moon. It symbolizes great good fortune. Whatever you wish will materialize. A man and a woman will unite in marriage. There will be abundance of riches and an even better harvest is to come. Your family and your own safety is guaranteed. Trading will prosper and you will make money easily. Marriage will be successfully arranged and a boy will be born. It is a profitable year for farming as well as raising silkworm and domestic animals. A visitor will come soon and the missing will reappear. Things lost will be found. Lawsuits will go in your favor. Migration or move will bring you fortune. Sickness gets good treatment. Ancestral graves are safe and sound.
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Lucky03 Elite	03-May-2014 10:00        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCFI: Asia-Europe Rates Jump 05/02/2014 Spot container freight rates as measured by the Shanghai Containerized Freight Index jumped on the Asia-Europe lane this week, although Asia-U.S. rates saw little movement. The SCFI for North Europe jumped 20.4 percent in the week of April 30. Full-size image Asia-Europe rates increased about $200 per TEU for the week ending April...
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sgng123 Supreme	02-May-2014 22:21        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just treat the current overcapacity in shipping as transiting from smaller ship to bigger and more fuel efficent one. IT is like when we switch out of conventional TV to the LCD then to LED now to UHD 4K lol. More smaller ships would go out of business and had to be scrapped as cannot find customers to lease them. China government is speeding up the demolition of smaller ships by subsidising ship owners with grants for ship demolition. US job data tonite quite nice got 288K job created would rest mind of those economist that recent weakness in economy is due to bad weather not shift in trend. Lucky03      ( Date: 02-May-2014 19:37) Posted: Does the article below means ship owners are speeding up retiring their ships ? Bumper ship demolition sales despite uncertainty By Shirish Nadkarni from Mumbai It is becoming more and more difficult to predict the manner in which shipbreaking markets will behave. At a time when caution could have been expected to be the watchword, there was rampant buying at rates that can only be considered unsustainable. In India, uncertainty over the direction of the general elections, a steady slide in prices of steelplate, to the extent of $10-15 per ldt during the month of April, and the imminent start of the monsoon season were factors that should have adversely affected buying, but did not. In Pakistan and Bangladesh, there would have been worry over the possibility of unfavourable policies being introduced in the national budgets, scheduled to be announced in the first week of June. Ship recyclers were razor-keen to stock their yards with pre-budget vessels, particularly after the market was abuzz with news that a number of VLCCs were being earmarked for the ship cemeteries. Pakistani operators tried putting their hands into this segment, but with their counterparts from Chittagong with deeper pockets being vigilant in keeping their fingers on the market pulse, the Gadani breakers had to be content with a slew of aframax tankers they have successfully negotiated in recent weeks. ?The overall ? pre-budget, elections and monsoon ? buying ramped into overdrive, particularly in India, as some truly speculative and bullish prices beset the market,? remarked Dubai-based cash buyers GMS. ?There were even whispers of one or two VLCCs being concluded on ?as is Singapore? basis at some big numbers approaching $20m, with bunkers for the onward voyage, although gas-free status at this moment remains unclear, so a Pakistan or Bangladesh delivery is uncertain.? Bullish Indian cash buyers were bidding as high as $480 per ldt for clean tankers and $450 per ldt for general cargo vessels, remaining at least $5 per ldt ahead of corresponding offers from Bangladesh, and a minimum of $10 per ldt ahead of Pakistan in both segments. The pick of this week?s sales was that of the Danaos controlled 23,366 ldt Mytilini for an astounding $509 per ldt. It was the fourth vessel sold to Alang this year by the Hamburg based shipowner. Singapore?s Pacific International Lines got rid of their 6,811 ldt container vessel Kota Wirawan for a mind-boggling $513 per ldt. Market men felt that the decent age, ownership and size of the ship had attracted many end- buyers, and was responsible for the massive price. The Polish controlled 1991-built, 13,575 ldt Danish panamax bulk carrier Armia Krajowa sold at an impressive $480 per ldt, with 280 tonnes of bunkers on board. Italian owners committed both their ro-ro sister ships (both 13,696 ldt) Jolly Verde and Jolly Rosso on ?as is Jebel Ali? basis, for a very firm $500 per ldt en bloc, with extra payment for bunkers. Despite these bumper sales in the last week of April, there is an overall concern locally that the market has peaked in anticipation of the impending monsoon season and the announcement of the election outcome. It appears highly unlikely that the current high levels can be sustained, as prices generally dip during the monsoon due to unfavourable beaching tides, along with the seasonal migration of workers away from yards and back to their home towns. Published inAsia, Europe, Containers, Dry Cargo, Shipbuilding & Shipyards, Ship Operations, Tankers, Dispatches
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Lucky03 Elite	02-May-2014 19:37        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does the article below means ship owners are speeding up retiring their ships ? Bumper ship demolition sales despite uncertainty By Shirish Nadkarni from Mumbai It is becoming more and more difficult to predict the manner in which shipbreaking markets will behave. At a time when caution could have been expected to be the watchword, there was rampant buying at rates that can only be considered unsustainable. In India, uncertainty over the direction of the general elections, a steady slide in prices of steelplate, to the extent of $10-15 per ldt during the month of April, and the imminent start of the monsoon season were factors that should have adversely affected buying, but did not. In Pakistan and Bangladesh, there would have been worry over the possibility of unfavourable policies being introduced in the national budgets, scheduled to be announced in the first week of June. Ship recyclers were razor-keen to stock their yards with pre-budget vessels, particularly after the market was abuzz with news that a number of VLCCs were being earmarked for the ship cemeteries. Pakistani operators tried putting their hands into this segment, but with their counterparts from Chittagong with deeper pockets being vigilant in keeping their fingers on the market pulse, the Gadani breakers had to be content with a slew of aframax tankers they have successfully negotiated in recent weeks. ?The overall ? pre-budget, elections and monsoon ? buying ramped into overdrive, particularly in India, as some truly speculative and bullish prices beset the market,? remarked Dubai-based cash buyers GMS. ?There were even whispers of one or two VLCCs being concluded on ?as is Singapore? basis at some big numbers approaching $20m, with bunkers for the onward voyage, although gas-free status at this moment remains unclear, so a Pakistan or Bangladesh delivery is uncertain.? Bullish Indian cash buyers were bidding as high as $480 per ldt for clean tankers and $450 per ldt for general cargo vessels, remaining at least $5 per ldt ahead of corresponding offers from Bangladesh, and a minimum of $10 per ldt ahead of Pakistan in both segments. The pick of this week?s sales was that of the Danaos controlled 23,366 ldt Mytilini for an astounding $509 per ldt. It was the fourth vessel sold to Alang this year by the Hamburg based shipowner. Singapore?s Pacific International Lines got rid of their 6,811 ldt container vessel Kota Wirawan for a mind-boggling $513 per ldt. Market men felt that the decent age, ownership and size of the ship had attracted many end- buyers, and was responsible for the massive price. The Polish controlled 1991-built, 13,575 ldt Danish panamax bulk carrier Armia Krajowa sold at an impressive $480 per ldt, with 280 tonnes of bunkers on board. Italian owners committed both their ro-ro sister ships (both 13,696 ldt) Jolly Verde and Jolly Rosso on ?as is Jebel Ali? basis, for a very firm $500 per ldt en bloc, with extra payment for bunkers. Despite these bumper sales in the last week of April, there is an overall concern locally that the market has peaked in anticipation of the impending monsoon season and the announcement of the election outcome. It appears highly unlikely that the current high levels can be sustained, as prices generally dip during the monsoon due to unfavourable beaching tides, along with the seasonal migration of workers away from yards and back to their home towns. Published inAsia, Europe, Containers, Dry Cargo, Shipbuilding & Shipyards, Ship Operations, Tankers, Dispatches
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Lucky03 Elite	02-May-2014 13:43        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks to Wen at punters gallery, here's the article on G6 ..... JOC ? Maritime News ? Container Lines ? G6 Alliance ?Severe? Trans-Atlantic Space Shortage Due to G6 Rollout Grace M. Lavigne, Associate Web Editor | May 01, 2014 9:59AM EDT A temporary space shortage on the trans-Atlantic is looming thanks to implementation of the G6 Alliance in that trade lane. Mitsui O.S.K. Lines and APL both recently told customers that they anticipate a shortage of space in their trans-Atlantic services in coming weeks as the G6 Alliance network is rolled out in that market. The G6 currently operates in the Asia-Europe and Asia-U.S. East Coast markets, but is being expanded into the trans-Pacific and trans-Atlantic following approval by the Federal Maritime Commission in April. From mid-May through mid-June there will be a ?severe reduction/shortage of space? in at least some of MOL?s North America-North Europe services because of implementation of new G6 services and vessels, an account representative said in an email last week to Richard A. Gareau, president of Midwest Transatlantic Lines. The G6 comprises APL, MOL, Hapag-Lloyd, Hyundai Merchant Marine, NYK Line and OOCL. MOL noted however that it has a ?protect list? for those four weeks, implying that at least some customers will not be affected. An MOL spokesperson told the JOC that it continues to accept bookings in the North America-Europe trade and has no plans to stop. ?Our focus in the trade is on transitioning to our new G6 services and continuing to offer our customers a reliable service,? the spokesperson said. APL said in a customer message on April 17 that there will be an ?interim reduction in capacity and port-pair coverage in the North America-to-North Europe direction? as its current trans-Atlantic services phase into the G6 Alliance network, lasting until the new services are fully deployed. An APL spokesperson said that ?capacity adjustments can be expected in any major service transition where vessels are being repositioned? although they ?strive to offer shippers the best possible services.? ?We are fully committed to satisfying our customers? needs when managing bookings acceptance, taking into account key commercial and operational considerations such as space availability and loadability,? the APL spokesperson said. A Hapag-Lloyd spokesperson told the JOC that its bookings will ?not be affected at all? and the G6 transition will work ?absolutely seamlessly and without any friction.? An OOCL spokesperson also told the JOC that the company is not expecting any significant service issues when the new G6 services are rolled out in May. HMM and NYK Line did not immediately respond to requests for comment. G6 Alliance services offered from North America to North Europe include the Atlantic Express 1, scheduled to begin on May 26 from New York the Atlantic Express 2, slated to start on June 3 from Houston and the Atlantic Express 3, as well as the PA1, which begins on June 1 from Oakland, Calif., and the PA2, first leaving from Balboa, Panama, on June 4, according to APL. The G6 Alliance aims to deploy a total of 240 container ships serving 66 ports in the Americas, Europe and Asia in the second quarter as it ramps up in response to the P3 Network comprising Maersk Line, CMA CGM and Mediterranean Shipping Company that is awaiting approval in China. The G6 lines will operate 42 ships in five trans-Atlantic services, including two pendulum services, calling at 25 ports in the U.S., Canada, Panama, Mexico, the Netherlands, the U.K., France, Belgium and Germany. A further 76 vessels will operate 12 trans-Pacific services, calling at 27 ports in Asia and on the U.S. West Coast. Tightening trans-Atlantic capacity could be a good sign for pricing for the carriers. Rates in the trans-Atlantic have been steadily dropping, hitting lows in the second half of 2013 and continuing into 2014. The CTS index of rates in the North America-Europe trade lane dropped to a reading of 89 in February, the lowest level since January 2010. World Container Index rates from New York to Rotterdam dropped 22.2 percent year-over-year in the week of April 24. Hanjin Shipping is scheduled to drop its trans-Atlantic service after May because of ?dismal market conditions which do not support operational costs.? Hanjin provides trans-Atlantic service on what it calls the New Trans-Atlantic service, the lone service on that trade operated by the CKYHE alliance, which also includes Cosco, ?K? Line, Yang Ming and Evergreen. The container line employed four ships on the service, including the 4,389-TEU Phoenix, although it is not yet known which of the remaining CKYHE partners will replace it, according to Alphaliner. Contact Grace M. Lavigne at [email protected] and follow her on Twitter: @Lavigne_JOC.
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MetalTrader3 Supreme	02-May-2014 00:21        MetalTrader3 About Contact  Quote this Post!   Yells: "Let Your Ignorance Be Shown Tommorrow! ~ PredictorX"
x 0   x 0  Alert Admin	Good news, don't worry too much. Lucky03      ( Date: 01-May-2014 22:57) Posted: I can't access the details since I didn't pay for the subscription but what do you read from the short desc below at JOC ? JOC ? Maritime News ? Container Lines ? G6 Alliance ?Severe? Trans-Atlantic Space Shortage Due to G6 Rollout Grace M. Lavigne, Associate Web Editor | May 01, 2014 9:59AM EDT print A temporary space shortage on the trans-Atlantic is looming thanks to implementation of the G6 Alliance in that trade lane.
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Lucky03 Elite	01-May-2014 22:57        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I can't access the details since I didn't pay for the subscription but what do you read from the short desc below at JOC ? JOC ? Maritime News ? Container Lines ? G6 Alliance ?Severe? Trans-Atlantic Space Shortage Due to G6 Rollout Grace M. Lavigne, Associate Web Editor | May 01, 2014 9:59AM EDT print A temporary space shortage on the trans-Atlantic is looming thanks to implementation of the G6 Alliance in that trade lane.
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sgng123 Supreme	01-May-2014 22:34        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Get the ideas lol load factor high but freight rate low. IF follow by demand and supply rule, freight rate should be moving north not staying low unless there is a rate war on market share going on. When the dust settle down, P3/G6/CKYHE got what they want, freight rate would move up to sustain profit level. Look like US got good economy data out today too, consumer spending surges in Apr. Look like the bad weather freeze the economy activites, now getting defreeze when spring came follow by summer. The hotter the weather the better the economy, singapore now very hot lah but our stock market still like dead fish. Key to Ship investing is to stay the course and hold on fast, storm gona end soon and sunshine would come and tailwind would move ship. Moody just upgraded shipping industry to stable from negative.
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Lucky03 Elite	01-May-2014 20:09        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Transpacific box lines try for another rate increase By Marcus Hand from Singapore Container lines on the transpacific trade have announced a general rate increase (GRI) and a peak season surcharge, as look offset recent losses. Member lines of the Transpacific Stabilization Agreement (TSA) have announced a $300 per feu increase from Asia to US West Coast and $400 per feu to all other US destinations from 15 May. The move comes just one month after a similar increase on 15 April, however, rates have continued be eroded even though vessel utilisation has been well over 90%. ?Carriers continue to play catch-up on rates, which have been effectively stagnant since 2011,? said TSA executive administrator Brian Conrad. ?Modest revenue gains from recent GRIs will not be adequate to pay for upgraded services to meet likely demand surges in the coming months.? TSA member lines also announced a $400 per feu peak season surcharge from 15 June.
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Lucky03 Elite	01-May-2014 13:01        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I noticed that the Temasek linked stocks are generally doing well. Given that they are looking for under valued assets to invest or turn around stories, they may have waken up that they may not need to look so far for them sometimes.
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Lucky03 Elite	01-May-2014 12:56        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very exciting indeed ! Esp when we expect the next wave to be a spike up :) Hope not too far away. Assuming market is generally 2-3 quarters away and if NOL will expect a full recovery for 2015, then we are probably no farther than 1 quarter away. sgng123      ( Date: 01-May-2014 12:42) Posted: The ship share price is orchestrated by big players, go up when they knew in advance global economy was going to pick up and  down when the reverse. Always the case in the past few decades, big swing in share price under a few week then stabilise and wait for the next wave. The share price trend is never one with gradually increasing curve, always a steep ascend or steep fall. Very exciting stock to trade if u get it right, big win in 1 trade vice vesu.
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sgng123 Supreme	01-May-2014 12:42        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The ship share price is orchestrated by big players, go up when they knew in advance global economy was going to pick up and  down when the reverse. Always the case in the past few decades, big swing in share price under a few week then stabilise and wait for the next wave. The share price trend is never one with gradually increasing curve, always a steep ascend or steep fall. Very exciting stock to trade if u get it right, big win in 1 trade vice vesu.
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Lucky03 Elite	01-May-2014 11:55        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOL is exhibiting a well supported formation chart up tend.
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Lucky03 Elite	01-May-2014 08:01        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOL's terminal and logistic warehouse businesses should continue to grow. Cosco Pacific Q1 profit rises 6.1% on growth in overseas terminals By Vincent Wee from Hong Kong The terminal operator arm of the Cosco Group, Cosco Pacific, reported first quarter net profit of $64.3m. This was a 6.6% rise from the normalised $60.4m posted in the previous corresponding quarter when the contributions from Cosco Pacific's now divested 21.8% share in container manufacturer China International Marine Containers is stripped out. Revenue also rose 11.2% to $212.5m.The Group?s total throughput growth of terminals business was satisfactory with an increase of 9.2% to 15.4m teu, Cosco Pacific said in a stock market announcement. Throughput at terminals in which it has a share rose 12.3% to 4.4m teu, which in turn led to rising profits from the terminals business.The Group?s terminal companies in mainland China (excluding Hong Kong and Taiwan) saw a 6.7% rise in throughput to 12.5m teu. Reflecting the lower base but also higher potential of its overseas investments, Cosco Pacific's overseas terminals saw throughput rise by 26.5% to 2.2m from 1.7m teu previously. The highly established markets of the Pearl River Delta and the Bohai Rim turned in the worst performances, rising just 2.8% and 5.6% to 3.9m and 6.1m teu respectively. In the container leasing business, although new container prices rebounded in early 2014, leasing rental yields remained at low levels throughout the first quarter of the year, Cosco Pacific said. Meanwhile, resale prices remained under pressure and the returned containers had a higher net book value, resulting in a decline in profit from the disposal of returned containers. The group?s container fleet rose 2.6% to 1.9m teu and the overall average utilisation rate was stable at 94.6%, the same as the previous corresponding period.
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Lucky03 Elite	01-May-2014 06:59        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shipping outlook no longer negative says Moody?s By Gary Howard from London Moody's Investor Services has revised its outlook for the shipping sector, which reflects expectations for the coming 12-18 months, up from negative to stable today. Prior to the update, which refers to industry conditions as "tepid," the credit rating and risk analysis corporation had held shipping as negative since June 2011. Moody's cited cost reductions as the main driving force behind improve EBITDA in the industry. "Bunker fuel prices have receded to around $600 per tonne from their peak of nearly $740 per tonne in February 2012," stated the report. "The lower prices, combined with slow steaming and the use of newer and more efficient vessels, have reduced shippers' fuel costs, contributing to earnings growth." The firm appraised dry bulk rates as very low but showing signs of improvement and volatility was highlighted, with rates between $10,000 per day and $35,000 per day for capesizes in 2013. For containers, downward rate pressure from overcapacity was recognised from and scrapping, order cancellation an delays as well as idling vessels were listed as remedies for market symptoms. Slow GDP growth hampers the fortunes of crude tankers, with Moody's seeing no meaningful sustained increase in rates over the next 18 months. In its evaluation of listed shipping companies, no entity received a positive outlook, with most hovering at stable. Hapag-Lloyd, Mistui OSK Lines, NYK, Teekay Corporation and both Navios Holdings and Navios Partners hold negative outlooks, with Sovcomflot's ratings currently under review.
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sgng123 Supreme	30-Apr-2014 23:42        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Asia-Europe rate again bounced back to this year highest level but again need to see if it can hold and whether mega alliance woulld lead to more capacity management and less undercutting. US GDP as usual only 0.1% leass than forcast of 1% due mainly to bad weather that cause big dip in export and consumer spending. Dow jones not much movement due to very good private job data att 220K, hope later friday the full job data would give similar result. SHip share price is really a good indicator of economy movement, no upward movement = bad economy condition just had to wait for the sign. Explain why it is a high beta stock, good time coming = big price upward movement.
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Lucky03 Elite	30-Apr-2014 23:05        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It stated at the end of the brief report that a number of positive signs emerged for shipping industry ... NYK full year profits up, despite extraordinary loss for subsidiary By Marcus Hand from Singapore Nippon Yusen Kaisha (NYK) announced an improvement in its profitability for the year ended 31 March 2014 (FY2013) despite being hit by a JPY5.32bn ($53.3m) extraordinary loss for one of its subsidiaries. NYK reported a net profit of JPY33bn for FY2013 up from JPY18.8bn in the previous year. In the fourth quarter the company JPY16.7bn extraordinary loss, which offset by extraordinary gains in the resulted in annual extraordinary loss of JPY16.7bn. It said the extraordinary loss in the fourth quarter related to a ?provision of allowance for doubtful accounts towards credit against one of our subsidiaries?. The company reported revenues of JPY2.23trn in FY2013 up from JPY1.89trn in the previous year. Commenting on the results NYK said: ?In the business environment surrounding the shipping industry, a number of positive signs emerged despite the prolonged high bunker oil prices and a strong sense of uncertainty over the direction of freight rates.?
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Lucky03 Elite	30-Apr-2014 01:23        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	OOCL Earnings Point to Higher Rates, Stronger Demand Greg Knowler, Senior Asia Editor | Apr 29, 2014 12:48PM EDT print Shippers look set to face rising freight rates on the Asia-Europe trade in the second quarter as improving demand allows container lines to stand firm on planned general rate increases (GRIs). Lucky03      ( Date: 29-Apr-2014 23:23) Posted: Wondering if NOL will see similar achievements of realising higher load factor, trade volume and lower cost with higher capacity ships. OOCL sees better Q1 with 9% volume growth By Vincent Wee from Hong Kong Hong Kong's Orient Overseas Container Line (OOCL) had a sterling first quarter with total volumes rising 8.9% to 1.4m teu from 1.2m teu in the same period last year. Reflecting the still weak market however, total revenues increased by just 1.7% to $1.39bn from $1.36bn previously. Overall average revenue per teu decreased by 6.6% from the previous corresponding period. With OOCL's new bigger ships coming online there was an increase of 3.7% in loadable capacity, but despite this, overall load factor was 3.6% higher than the same period in 2013. OOCL's traditional strength in the Asia-Europe and intra-Asia trades came back strongly though, with both volumes and revenue rising sharply on the former. Asia-Europe volume rose 9.7% to 226.717 teu on a 7.6% rise in revenue to $282.3m.While Intra-Asia volumes spiked 14.5% to 722,971 teu, revenue only rose 4.2% to $493.6m. The transpacific sector was the worst performer for OOCL, seeing flat volume growth and a 2.2% drop in revenue. Published inAsia, Containers Tuesday, 29 April 2014 04:11
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Lucky03 Elite	29-Apr-2014 23:23        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wondering if NOL will see similar achievements of realising higher load factor, trade volume and lower cost with higher capacity ships. OOCL sees better Q1 with 9% volume growth By Vincent Wee from Hong Kong Hong Kong's Orient Overseas Container Line (OOCL) had a sterling first quarter with total volumes rising 8.9% to 1.4m teu from 1.2m teu in the same period last year. Reflecting the still weak market however, total revenues increased by just 1.7% to $1.39bn from $1.36bn previously. Overall average revenue per teu decreased by 6.6% from the previous corresponding period. With OOCL's new bigger ships coming online there was an increase of 3.7% in loadable capacity, but despite this, overall load factor was 3.6% higher than the same period in 2013. OOCL's traditional strength in the Asia-Europe and intra-Asia trades came back strongly though, with both volumes and revenue rising sharply on the former. Asia-Europe volume rose 9.7% to 226.717 teu on a 7.6% rise in revenue to $282.3m.While Intra-Asia volumes spiked 14.5% to 722,971 teu, revenue only rose 4.2% to $493.6m. The transpacific sector was the worst performer for OOCL, seeing flat volume growth and a 2.2% drop in revenue. Published inAsia, Containers Tuesday, 29 April 2014 04:11
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