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581-600 of 6569
All the same for other counters .....manipulation because they have vision better
stanleytay ( Date: 28-Jan-2021 20:53) Posted:
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0.27 all force sell......margin maybe
Very unreal at this level of 0.27
Stuck in this one.. big boys are quite dirty and keep stalling price even when mkt is heading up. I dont like such manipulative bbs and sadly sgx has many of such kind.
End of Feb result , should be positive . Pushing out the weaker player.....
Any update of TP for cosco.
When the result come out
Long to enjoy...
So what will happen ?
trader1970 ( Date: 25-Jan-2021 11:24) Posted:
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Shipping container shortage is causing shipping costs to rise (cnbc.com)
SINGAPORE &mdash A critical shortage of containers is driving up shipping costs and delays for goods purchased from China.
The pandemic and uneven global economic recovery has led to this problem cropping up in Asia, although other parts of the world have also been hit. Industry watchers said desperate companies wait weeks for containers and pay premium rates to get them, causing shipping costs to skyrocket.
This affects everyone who needs to ship goods from China, but particularly e-commerce companies and consumers, who may bear the brunt of higher costs.
In December, spot freight rates were 264% higher for the Asia to North Europe route, compared with a year ago, according to Mirko Woitzik, risk intelligence solutions manager at supply chain risk firm Resilience36. For the route from Asia to the West Coast of the U.S., rates are up 145% year over year.
Compared with last March&rsquo s low prices, freight rates from China to the U.S. and Europe have surged 300%, Mark Yeager, chief executive officer of Redwood Logistics, told CNBC. He said spot rates are up to about $6,000 per container compared with the usual price of $1,200.
Even rates from the U.S. have gone up, though not quite as dramatically, according to Yeager.
&ldquo The reason for this is the Chinese are being so aggressive about trying to get empty containers back &hellip that it&rsquo s hard to get a container for US exporters,&rdquo he wrote in an email to CNBC, adding that 3 out of 4 containers from the U.S. to Asia are &ldquo going back empty.&rdquo
In fact, the shortage in Asia has also led to a similar crisis in many European countries, such as Germany, Austria and Hungary, as shipping carriers redirect containers to the East as quickly as possible, said Woitzik.
There are a few factors stemming from the pandemic driving this phenomenon.
First, China is sending out a lot more exports to the U.S. and Europe than the other way round. Its economy bounced back faster as the virus situation within its borders was basically under control by the second quarter of last year. As a result, containers are stuck in the West when they are really needed in Asia.
There are about 180 million containers worldwide, but &ldquo they&rsquo re in the wrong place,&rdquo said Yeager of Redwood Logistics.
&ldquo So what&rsquo s happening is what was already a trade surplus in China has turned dramatically more severe and the reality is, there&rsquo s three containers going out for every container that&rsquo s coming in,&rdquo he said.
Making matters worse, orders for new containers were largely canceled during the first half of last year as most of the world went into lockdown, according to Alan Ng, PWC&rsquo s mainland China and Hong Kong transportation and logistics leader.
&ldquo The magnitude and pace of the recovery have caught everyone by surprise,&rdquo he said. &ldquo The sudden recovery in trade volume has seen virtually all of the major shipping lines needing to add significant container capacity to address the container shortage issue.&rdquo
The shortage is further exacerbated by limited air freight capacity. Some high-value items that would normally be delivered by air, such as iPhones, now have to use containers via sea instead, according to Yeager.
International flight volumes have plunged due to virus and travel restrictions.
&ldquo Air freight companies typically use that extra capacity at the belly of a passenger plane. Well, there&rsquo s just not very many passenger flights, so not as much air service,&rdquo he said. &ldquo The lack of options, combined with this crazy amount of demand, has produced this crisis.&rdquo
The container crisis affects all companies that need to ship goods. But analysts say the situation has a pronounced effect on e-commerce retailers that primarily offer consumer goods, many of which are made in China.
Ikea&rsquo s Singapore operations called it a &ldquo global transport crisis&rdquo in a mid-January Facebook post:
&ldquo The surge in demand worldwide for logistical services at this time has resulted in a global shortage of shipping containers, congested seaports, capacity constraints on vessels, and even lockdown in certain markets, amongst other challenges.&rdquo
The furniture giant estimated that about 850 of its 8,500 products sold in Singapore are affected by shipment delays, which Ikea said affects availability and planned promotions.
Redwood Logistics&rsquo Yeager said retailers have to decide: &ldquo Do I pay a significant premium, or do I push back delivery substantially and (disappoint) customers?&rdquo The related costs are either being absorbed by retailers or passed on to customers, he said.
While some new containers have been ordered, PWC&rsquo s Ng said they will not be ready right away. He pointed to a report by the Shanghai International Shipping Research Centre released in the fourth quarter last year, which said that the shortage issue is likely to last for another three months or more.
Chinese tech giant Alibaba&rsquo s logistic arm Cainiao launched a container booking service last week, citing the global shortage. It said its service would span over 200 ports in 50 countries, and port-to-port shipping fees would be 30% to 40% cheaper, according to Reuters.
But even the race to build more containers could be hobbled by delays, according to Yeager. He said the pandemic has also hit the supply of steel and lumber needed to build containers.
- Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers.
- Ikea&rsquo s Singapore operations called it a &ldquo global transport crisis&rdquo and estimates 850 of its 8,500 products are affected by shipment delays.
- Chinese tech giant Alibaba&rsquo s logistic arm Cainiao launched a container booking service last week in response to the global shortage.
SINGAPORE &mdash A critical shortage of containers is driving up shipping costs and delays for goods purchased from China.
The pandemic and uneven global economic recovery has led to this problem cropping up in Asia, although other parts of the world have also been hit. Industry watchers said desperate companies wait weeks for containers and pay premium rates to get them, causing shipping costs to skyrocket.
This affects everyone who needs to ship goods from China, but particularly e-commerce companies and consumers, who may bear the brunt of higher costs.
In December, spot freight rates were 264% higher for the Asia to North Europe route, compared with a year ago, according to Mirko Woitzik, risk intelligence solutions manager at supply chain risk firm Resilience36. For the route from Asia to the West Coast of the U.S., rates are up 145% year over year.
Compared with last March&rsquo s low prices, freight rates from China to the U.S. and Europe have surged 300%, Mark Yeager, chief executive officer of Redwood Logistics, told CNBC. He said spot rates are up to about $6,000 per container compared with the usual price of $1,200.
Even rates from the U.S. have gone up, though not quite as dramatically, according to Yeager.
&ldquo The reason for this is the Chinese are being so aggressive about trying to get empty containers back &hellip that it&rsquo s hard to get a container for US exporters,&rdquo he wrote in an email to CNBC, adding that 3 out of 4 containers from the U.S. to Asia are &ldquo going back empty.&rdquo
In fact, the shortage in Asia has also led to a similar crisis in many European countries, such as Germany, Austria and Hungary, as shipping carriers redirect containers to the East as quickly as possible, said Woitzik.
Trade surplus furthers container imbalance
There are a few factors stemming from the pandemic driving this phenomenon.
First, China is sending out a lot more exports to the U.S. and Europe than the other way round. Its economy bounced back faster as the virus situation within its borders was basically under control by the second quarter of last year. As a result, containers are stuck in the West when they are really needed in Asia.
There are about 180 million containers worldwide, but &ldquo they&rsquo re in the wrong place,&rdquo said Yeager of Redwood Logistics.
&ldquo So what&rsquo s happening is what was already a trade surplus in China has turned dramatically more severe and the reality is, there&rsquo s three containers going out for every container that&rsquo s coming in,&rdquo he said.
Making matters worse, orders for new containers were largely canceled during the first half of last year as most of the world went into lockdown, according to Alan Ng, PWC&rsquo s mainland China and Hong Kong transportation and logistics leader.
&ldquo The magnitude and pace of the recovery have caught everyone by surprise,&rdquo he said. &ldquo The sudden recovery in trade volume has seen virtually all of the major shipping lines needing to add significant container capacity to address the container shortage issue.&rdquo
Limited alternative
The shortage is further exacerbated by limited air freight capacity. Some high-value items that would normally be delivered by air, such as iPhones, now have to use containers via sea instead, according to Yeager.
International flight volumes have plunged due to virus and travel restrictions.
&ldquo Air freight companies typically use that extra capacity at the belly of a passenger plane. Well, there&rsquo s just not very many passenger flights, so not as much air service,&rdquo he said. &ldquo The lack of options, combined with this crazy amount of demand, has produced this crisis.&rdquo
The container crisis affects all companies that need to ship goods. But analysts say the situation has a pronounced effect on e-commerce retailers that primarily offer consumer goods, many of which are made in China.
Ikea&rsquo s Singapore operations called it a &ldquo global transport crisis&rdquo in a mid-January Facebook post:
&ldquo The surge in demand worldwide for logistical services at this time has resulted in a global shortage of shipping containers, congested seaports, capacity constraints on vessels, and even lockdown in certain markets, amongst other challenges.&rdquo
The furniture giant estimated that about 850 of its 8,500 products sold in Singapore are affected by shipment delays, which Ikea said affects availability and planned promotions.
Redwood Logistics&rsquo Yeager said retailers have to decide: &ldquo Do I pay a significant premium, or do I push back delivery substantially and (disappoint) customers?&rdquo The related costs are either being absorbed by retailers or passed on to customers, he said.
Race to build new containers
While some new containers have been ordered, PWC&rsquo s Ng said they will not be ready right away. He pointed to a report by the Shanghai International Shipping Research Centre released in the fourth quarter last year, which said that the shortage issue is likely to last for another three months or more.
Chinese tech giant Alibaba&rsquo s logistic arm Cainiao launched a container booking service last week, citing the global shortage. It said its service would span over 200 ports in 50 countries, and port-to-port shipping fees would be 30% to 40% cheaper, according to Reuters.
But even the race to build more containers could be hobbled by delays, according to Yeager. He said the pandemic has also hit the supply of steel and lumber needed to build containers.
As long as I can enjoy..
How Long u want enjoy🤭
Isolator ( Date: 22-Jan-2021 14:10) Posted:
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Long to enjoy...
No fear.... long to enjoy...
Tot why you say its good news. Anyway this level still a buy.
Sgvale ( Date: 19-Jan-2021 15:40) Posted:
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Yalor, That's why retreated
stanleytay ( Date: 19-Jan-2021 15:07) Posted:
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What is good about the news? I dont see any catalyst in this news, Sgvale
Sgvale ( Date: 19-Jan-2021 13:05) Posted:
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W the news also at 0.30-0.305.
Greenpig ( Date: 18-Jan-2021 18:06) Posted:
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Cheong ah...... long to enjoy..
cosco holding well. shall break up to 330-350 very soon. watching patiently.