丰衣足食 :
The concept of shipping has risen strongly, Ningbo Ocean has risen and stopped, and COSCO Marine has soared 2023-12-19 8:48:54 From: Securities Times 0 people have participated in the comments The shipping concept gained strength in the intraday period on the 18th. As of press release, Huaguangyuan Sea had risen by more than 15%, and at one point surged by more than 29% in the intraday period; Ningbo Ocean had risen and stopped, COSCO Marine Energy had risen more than 8%, and China Merchants Shipping and China Southern Petroleum had risen about 5%. According to the news, on December 15, due to attacks by the Houthis in Yemen, Maersk announced the suspension of all of its container ships sailing in the Red Sea until further notice. On the same day, Hapag-Lloyd also announced the suspension of the navigation of its container ships in the Red Sea until at least December 18. On December 16, Mediterranean Shipping and Delta Flywheel also announced the suspension of ships passing through the Red Sea/Suez Canal until further notice. At this point, all four major shipping companies have suspended Red Sea routes. In response, CITIC Construction Investment Securities said that the suspension of flights by the four major shipping companies will cause the effective capacity of the Asian-European routes to be lost by about 12%, which will increase the extent to which shipping companies' recent freight rate increases have been realized. If the Red Sea route does not pass at all in the future, the effective capacity of the Asian-European route will be lost by about 21%. The detour will drive freight prices for refined oil LR2 ships and crude oil Suez and Afula ships to rise significantly. Some VLCCs will benefit indirectly from crossing the Suez Canal. Guohai Securities pointed out that once a key waterway is interrupted, ships will be forced to detour and increase demand in tonnes and kilometers. If the Suez Canal is blocked, these ships will have few other options; they will only detour from the Cape of Good Hope in the southern part of Africa, which will increase the additional range of 9,000 kilometers and 6-14 days of detour time. At the same time, some ships may be blocked in the canal or temporarily change the waterway, drastically reducing the rate of arrival of goods at port and triggering panic among cargo owners to restock goods. The risk of rising freight rates increased sharply during the period of waterway blockages. According to incomplete statistics, the Suez Canal has been blocked a total of 6 times in history due to war conflicts, ship stranded, etc. The blockade period ranged from a few hours to 8 years. During this period, the price of oil transportation and container shipping was significantly catalyzed. Among them, the ship type that benefited the most from oil transportation was the Suezmax, and the extent of benefits of other ship types required specific analysis of the specific situation. The agency said that in the shipping segment, the supply of tankers and dry bulk carriers is tightening, and redundant production capacity is insufficient. Any risk event that causes loss of navigation efficiency may drive freight prices to rise rapidly. The container shipping industry has a stable pattern, and has benefited the most from the loss of efficiency in the Suez Canal. It is recommended to focus on COSCO Marine Energy, COSCO Marine Control, China Merchants South Oil, and China Merchants Shipping.
丰衣足食 :
Samudera Shipping Line Ltd. engages in the transportation of containerized and non-containerized cargo. It operates through the following business segments: Container Shipping, Bulk and Tanker, and Agencies and Logistics. The Container Shipping segment includes feeder services for the transportation of containerized cargo between Singapore as a hub port and other outgoing spoke ports in Asia, as well as inter-region and intra-region container shipping services to end users. The Bulk and Tanker segment offers the transportation of special dry bulk, liquid, and gas cargo in the international and Indonesian domestic market. The Agencies and Logistics segment provides agency services in Bangkok, Port Klang, Penang, Mumbai, Kolkata, Chennai, and Dubai. The company was founded on December 22, 1993 and is headquartered in Singapore. Samudera Shipping Line Ltd. 从事集装箱和非集装箱货物的运输。 它通过以下业务部门运营：集装箱运输、散货和油轮、代理和物流。 集装箱运输部门包括在新加坡作为枢纽港和亚洲其他辐射港口之间运输集装箱货物的支线服务，以及向最终用户提供区域间和区域内集装箱运输服务。 散货和油轮部门在国际和印度尼西亚国内市场提供特殊干散货、液体和气体货物的运输。 代理和物流部门在曼谷、巴生港、槟城、孟买、加尔各答、金奈和迪拜提供代理服务。 该公司成立于1993年12月22日，总部位于新加坡。
丰衣足食 :
There are traces of Samuderashipp's reversal this time. The parent stock also rebounded, along with the rebound in other shipping stocks. The 65sen is still cheap and beautiful.
丰衣足食 :
Global shipping industry: disruptions will rebound by 2024 2023-12-20 Source: Logistics Baba Maersk, one of the world's largest shipping organizations, announced the suspension of all operations on the Red Sea route, which accounts for more than 10% of global shipping trade.
Soon after, its peers MSC and CMA CGM also announced the suspension of operations. According to reports, one of MSC's ships, the MSC Palatium III, was attacked over the weekend, but there were no injuries. Growing political turmoil in the region affected the passage of the Suez Canal, and at this time another important gateway to the Panama Canal was in trouble due to extremely low water levels.
Most major liner services eschew the East-West Cape of Good Hope on the Suez Canal, and South Africa now sees itself as the preferred choice. There is now a surge in shipping activity in the region (see Figure 1). It is important to note that some shipping companies have also envisioned Cape of Good Hope as another channel for the Panama Canal. The shipping world's two major gateways are facing hurdles, which means increased timelines and transit times, particularly from Asia Pacific to Europe and Southeast Asia to North America. These periods range from one week to three weeks.
The Panama Canal also has its own problems. According to reports, due to climate change phenomena such as El Niño, the water level in the Panama Canal has declined. Due to the limited number of slots that can be traversed, slots are overpriced, starting at 6 digits (in US dollars), but usually over 7 digits, which is another additional factor in cost. Some shipping companies charge a Panama surcharge to operate on another route to cover the additional cost effects — Cape Hope, the Strait of Magellan, and the Suez Canal are seen as alternative routes. As the latter's channel as a critical gateway has been disrupted, the global supply chain is looking for alternative solutions for its critical equipment while meeting holiday season and winter requirements, which has had a significant impact on costs and timelines. Also not to be overlooked is its impact on crew members' mental health, fatigue, and crew planning work schedules.
Other minor outages have also been reported. For example, the Rhine reported a drop in water levels in 2022, but now the water level has declined due to torrential rain and melting snow. Bad weather brought shipping/barge operations in the area to a large extent to a standstill.
The Global Supply Chain Pressure Index (GCSPI) reported data of 0.11 in November 2023, which is the first positive value since January 2023. Freight prices seem to be catching up. The composite index for the Drury route has risen 10%, while the prices of the Asian-European and Asian-Mediterranean routes have risen 22-23% over the past few weeks. As the suspensions and stoppages continue, this should affect the basic prices of most goods.
This requires the concerted efforts and planning of shippers, shipping companies, freight forwarders, and other key stakeholders to address operational strategies during the transition period
丰衣足食 :
The ship detours the Cape of Good Hope! Will there be a sharp increase in freight rates? 2023-12-20 9:02:09 From: Sohang.com 0 people have participated in the comments According to Clarkson research statistics, as of December 18, major container ship liners Maersk, Mediterranean, Delphi, Hapag-Lloyd, ONE, Hyundai Merchant Marine, Yangming Shipping, and Changrong have all announced the suspension of shipping services via the Red Sea. Together, the container capacity of these suspended service companies accounts for 74% of the total capacity of the global container ship fleet. If Israeli liner companies are taken into account (the company has diverted ships from the Cape of Good Hope in recent weeks), these companies account for more than 95% of the capacity of all liner routes passing through the Suez Canal. A multi-ship detour around the Cape of Good Hope Changrong said that ships operating on long-haul routes from Asia to the Mediterranean, Europe, and the east coast of the United States will be diverted to the Cape of Good Hope. Hapag-Lloyd said that the risks faced by the crew are unacceptable and must immediately avoid the Suez Canal and the Red Sea and bypass the Cape of Good Hope. Yangming Shipping issued an announcement stating that for its ships that may pass through high-risk areas within the next two weeks, it will immediately detour the Cape of Good Hope or wait at a safe location. Da Fei said that some ships on routes to and from the US, Northern Europe, and Asia were diverted to the Cape of Good Hope. Transportation costs may rise sharply Peter Sand, chief analyst at industry analysis agency Xeneta, believes that transportation costs on routes between Asia and Europe will “rise sharply.” The head of a freight forwarder company revealed that shipping companies have announced the latest freight rates. Among them, freight charges for routes related to the Far East to Israel have risen to more than 6,000 US dollars/FEU. “In the first half of December, the freight cost was only over 1,000 US dollars/FEU, and the second half (starting) was only over 2,000 US dollars/FEU.” Industry insiders believe that if geopolitical uncertainty continues to increase and the detour time is lengthened, the port congestion problem will once again become a problem, which will have a serious negative impact on the liquidity of the global supply chain, and freight prices may impact “unreasonable highs”
103058578 : Beware… do not miss the run
Alanbull : What’s the news?
Simon33 : pirate attack in middle east?
丰衣足食 : The concept of shipping has risen strongly, Ningbo Ocean has risen and stopped, and COSCO Marine has soared
2023-12-19 8:48:54 From: Securities Times 0 people have participated in the comments
The shipping concept gained strength in the intraday period on the 18th. As of press release, Huaguangyuan Sea had risen by more than 15%, and at one point surged by more than 29% in the intraday period; Ningbo Ocean had risen and stopped, COSCO Marine Energy had risen more than 8%, and China Merchants Shipping and China Southern Petroleum had risen about 5%.
According to the news, on December 15, due to attacks by the Houthis in Yemen, Maersk announced the suspension of all of its container ships sailing in the Red Sea until further notice. On the same day, Hapag-Lloyd also announced the suspension of the navigation of its container ships in the Red Sea until at least December 18. On December 16, Mediterranean Shipping and Delta Flywheel also announced the suspension of ships passing through the Red Sea/Suez Canal until further notice. At this point, all four major shipping companies have suspended Red Sea routes.
In response, CITIC Construction Investment Securities said that the suspension of flights by the four major shipping companies will cause the effective capacity of the Asian-European routes to be lost by about 12%, which will increase the extent to which shipping companies' recent freight rate increases have been realized. If the Red Sea route does not pass at all in the future, the effective capacity of the Asian-European route will be lost by about 21%. The detour will drive freight prices for refined oil LR2 ships and crude oil Suez and Afula ships to rise significantly. Some VLCCs will benefit indirectly from crossing the Suez Canal.
Guohai Securities pointed out that once a key waterway is interrupted, ships will be forced to detour and increase demand in tonnes and kilometers. If the Suez Canal is blocked, these ships will have few other options; they will only detour from the Cape of Good Hope in the southern part of Africa, which will increase the additional range of 9,000 kilometers and 6-14 days of detour time. At the same time, some ships may be blocked in the canal or temporarily change the waterway, drastically reducing the rate of arrival of goods at port and triggering panic among cargo owners to restock goods. The risk of rising freight rates increased sharply during the period of waterway blockages. According to incomplete statistics, the Suez Canal has been blocked a total of 6 times in history due to war conflicts, ship stranded, etc. The blockade period ranged from a few hours to 8 years. During this period, the price of oil transportation and container shipping was significantly catalyzed. Among them, the ship type that benefited the most from oil transportation was the Suezmax, and the extent of benefits of other ship types required specific analysis of the specific situation.
The agency said that in the shipping segment, the supply of tankers and dry bulk carriers is tightening, and redundant production capacity is insufficient. Any risk event that causes loss of navigation efficiency may drive freight prices to rise rapidly. The container shipping industry has a stable pattern, and has benefited the most from the loss of efficiency in the Suez Canal. It is recommended to focus on COSCO Marine Energy, COSCO Marine Control, China Merchants South Oil, and China Merchants Shipping.
103058578 : Shipping freight may have risen
丰衣足食 : Stock price is low,buy 65 Sen
丰衣足食 : Samudera Shipping Line Ltd. engages in the transportation of containerized and non-containerized cargo. It operates through the following business segments: Container Shipping, Bulk and Tanker, and Agencies and Logistics. The Container Shipping segment includes feeder services for the transportation of containerized cargo between Singapore as a hub port and other outgoing spoke ports in Asia, as well as inter-region and intra-region container shipping services to end users. The Bulk and Tanker segment offers the transportation of special dry bulk, liquid, and gas cargo in the international and Indonesian domestic market. The Agencies and Logistics segment provides agency services in Bangkok, Port Klang, Penang, Mumbai, Kolkata, Chennai, and Dubai. The company was founded on December 22, 1993 and is headquartered in Singapore.
Samudera Shipping Line Ltd. 从事集装箱和非集装箱货物的运输。 它通过以下业务部门运营：集装箱运输、散货和油轮、代理和物流。 集装箱运输部门包括在新加坡作为枢纽港和亚洲其他辐射港口之间运输集装箱货物的支线服务，以及向最终用户提供区域间和区域内集装箱运输服务。 散货和油轮部门在国际和印度尼西亚国内市场提供特殊干散货、液体和气体货物的运输。 代理和物流部门在曼谷、巴生港、槟城、孟买、加尔各答、金奈和迪拜提供代理服务。 该公司成立于1993年12月22日，总部位于新加坡。
丰衣足食 : There are traces of Samuderashipp's reversal this time. The parent stock also rebounded, along with the rebound in other shipping stocks. The 65sen is still cheap and beautiful.
丰衣足食 : Global shipping industry: disruptions will rebound by 2024
2023-12-20 Source: Logistics Baba
Maersk, one of the world's largest shipping organizations, announced the suspension of all operations on the Red Sea route, which accounts for more than 10% of global shipping trade.
Soon after, its peers MSC and CMA CGM also announced the suspension of operations. According to reports, one of MSC's ships, the MSC Palatium III, was attacked over the weekend, but there were no injuries. Growing political turmoil in the region affected the passage of the Suez Canal, and at this time another important gateway to the Panama Canal was in trouble due to extremely low water levels.
Most major liner services eschew the East-West Cape of Good Hope on the Suez Canal, and South Africa now sees itself as the preferred choice. There is now a surge in shipping activity in the region (see Figure 1). It is important to note that some shipping companies have also envisioned Cape of Good Hope as another channel for the Panama Canal. The shipping world's two major gateways are facing hurdles, which means increased timelines and transit times, particularly from Asia Pacific to Europe and Southeast Asia to North America. These periods range from one week to three weeks.
The Panama Canal also has its own problems. According to reports, due to climate change phenomena such as El Niño, the water level in the Panama Canal has declined. Due to the limited number of slots that can be traversed, slots are overpriced, starting at 6 digits (in US dollars), but usually over 7 digits, which is another additional factor in cost. Some shipping companies charge a Panama surcharge to operate on another route to cover the additional cost effects — Cape Hope, the Strait of Magellan, and the Suez Canal are seen as alternative routes. As the latter's channel as a critical gateway has been disrupted, the global supply chain is looking for alternative solutions for its critical equipment while meeting holiday season and winter requirements, which has had a significant impact on costs and timelines. Also not to be overlooked is its impact on crew members' mental health, fatigue, and crew planning work schedules.
Other minor outages have also been reported. For example, the Rhine reported a drop in water levels in 2022, but now the water level has declined due to torrential rain and melting snow. Bad weather brought shipping/barge operations in the area to a large extent to a standstill.
The Global Supply Chain Pressure Index (GCSPI) reported data of 0.11 in November 2023, which is the first positive value since January 2023. Freight prices seem to be catching up. The composite index for the Drury route has risen 10%, while the prices of the Asian-European and Asian-Mediterranean routes have risen 22-23% over the past few weeks. As the suspensions and stoppages continue, this should affect the basic prices of most goods.
This requires the concerted efforts and planning of shippers, shipping companies, freight forwarders, and other key stakeholders to address operational strategies during the transition period
丰衣足食 : The ship detours the Cape of Good Hope! Will there be a sharp increase in freight rates?
2023-12-20 9:02:09 From: Sohang.com 0 people have participated in the comments
According to Clarkson research statistics, as of December 18, major container ship liners Maersk, Mediterranean, Delphi, Hapag-Lloyd, ONE, Hyundai Merchant Marine, Yangming Shipping, and Changrong have all announced the suspension of shipping services via the Red Sea.
Together, the container capacity of these suspended service companies accounts for 74% of the total capacity of the global container ship fleet.
If Israeli liner companies are taken into account (the company has diverted ships from the Cape of Good Hope in recent weeks), these companies account for more than 95% of the capacity of all liner routes passing through the Suez Canal.
A multi-ship detour around the Cape of Good Hope
Changrong said that ships operating on long-haul routes from Asia to the Mediterranean, Europe, and the east coast of the United States will be diverted to the Cape of Good Hope.
Hapag-Lloyd said that the risks faced by the crew are unacceptable and must immediately avoid the Suez Canal and the Red Sea and bypass the Cape of Good Hope.
Yangming Shipping issued an announcement stating that for its ships that may pass through high-risk areas within the next two weeks, it will immediately detour the Cape of Good Hope or wait at a safe location.
Da Fei said that some ships on routes to and from the US, Northern Europe, and Asia were diverted to the Cape of Good Hope.
Transportation costs may rise sharply
Peter Sand, chief analyst at industry analysis agency Xeneta, believes that transportation costs on routes between Asia and Europe will “rise sharply.”
The head of a freight forwarder company revealed that shipping companies have announced the latest freight rates. Among them, freight charges for routes related to the Far East to Israel have risen to more than 6,000 US dollars/FEU. “In the first half of December, the freight cost was only over 1,000 US dollars/FEU, and the second half (starting) was only over 2,000 US dollars/FEU.”
Industry insiders believe that if geopolitical uncertainty continues to increase and the detour time is lengthened, the port congestion problem will once again become a problem, which will have a serious negative impact on the liquidity of the global supply chain, and freight prices may impact “unreasonable highs”
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