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Shipping Container
News
Shipping Container Production Shortfall.
Once again the industry is suffering a huge hike in
the new build container prices ex factory in China.
Shipping Container Trader inside sources confirm new
builds at $2950 US on new orders having just
returned from China. We are in for a very turbulent
year ahead. Used containers that are in reasonable
condition are becoming increasingly rare to purchase
with rates hitting over £1300 in some dealer
locations. Trade is suffering equally as badly with
China desperate for empty containers for exporting
goods globally. We have been told that some big
shipping lines are now looking to introduce an
equipment repositioning charge to pay to get empties
back to China.
This will get more serious in the coming next few
months and will remain an issue for a long time at
least until the end of this year or early next.
SCT's source is confident that while we are
currently enduring this nightmare 2011 will see new
build containers dropping in cost. Our hope is that
once plentiful supply of new builds become readily
available shipping lines will release older stocks
and ultimately release the strangle hold on retail
sales. Check out our advertisers links for container
sales.
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UK based Fabrication and site services
have secured a significant contract with Channel
Seaways Ltd in the Port of Poole in Dorset to under
take on site container repair operations. Managing
partner John Greenfield (www.johngreenfield.com
) said " This is an exciting development for our
company as we have secured this work through
recommendation. Our services value for money and
customer satisfaction over the past 15 years has
again paid huge dividends. We will work closely with
Channel Seaways Ltd to ensure a quality maintenance
and repair program along with updated CSC
certification"
Contact Fabrication and Site Services UK S shed The
Port of Poole New Harbour Road Poole Dorset BH15 4AF
TELEPHONE 07736 328336
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CONTAINER TRACKING DEVICES
UK based Fabrication and Site Services UK have been
given the go ahead to manufacture and supply
Shipping Container Tracking device housings to a
major global logistics group. The product which was
prototyped only 6 months ago, enables a satellite
tracking device to be fitted to shipping containers
by way of a clamp system fitted into the top corner
casting of any ISO container.
Managing partner John Greenfield commented,
"Shipping Container tracking is not a new technique
by far but what we have created enables the device
to be fitted during train or road transportation
from port to delivery location. The device is then
removed fitted to a storage rack and then re-used on
return movements. This enables every stop that each
container makes to be monitored and will reduce
in-transit theft and losses. The military and
various logistics operators have expressed an
interest in the concept and given the enormous
volume of shipping containers in operational fields
due to conflict this device would serve well to
reduce huge losses.
The system which comes in racks of 20 devices and
housings is not cheap but when you consider these
facts, $25 billion in containerised merchandise was
stolen in the US each year, the European Union
estimates that 8.2 billion Euros worth of cargo was
stolen off of trucks every year and the total
worldwide theft of cargo approaches $50 billion,
this product will be very warmly welcomed.
GLOBAL
INVENTORY
According to Shipping Container Trader resources the
production of new build dry Shipping Containers fell in the
final months of 2008 and throughout 2009.
It speculated that global shipping container capacity fell
by 5% in 2009 due to selloffs of older boxes.
This period saw many well-known Shipping Container
manufacturers lose over half of their skilled workforce.
This was predominantly through extended holidays and
redundancies as a result of production slowdowns. Shipping lines globally remain
optimistic but this year financial restraints will
dominate the new build Shipping Container
acquisitions in 2010. Shipping Container production
in 2010 will show reduced levels of production to
between 750,000 and 1,000,000 new builds. When you
consider the production level was at between 2.9 and
3.2 million units through 2006\ 2008-it puts the
industry position into a clear prospective. It is
noted that there could be a global shortage of new
build Shipping Containers this year. The overriding
result Shipping Container prices taking a hike
upwards. This again having an adverse effect on our
already depressed markets. Shipping lines are now
holding onto containers for longer operational
periods, so again sell offs may decline through 2010
AVONMOUTH DOCKS DEVELOPMENT 26\03\2010
The planned £500m container handling facility at Avonmouth
Dock near Bristol has been given the green light today by
the government. This ultramodern container terminal will be
built partly on salvaged land from the River Severn, giving
the City of Bristol a huge leap forward in the ability to
service the next generation of super sized container ships.
The Bristol Port Company pushed the plans forward as current
facilities could not adequately service the demand. Four
years of hard work has today finally paid dividends.
Shipping Container Trader inside sources have learned that
more than 1,000 new job vacancies will be generated by this
very welcome development.
Copenhagen :
New box ship player, The Containership Company is
set to start services from China to Europe and the
US in the next few months once fundraising is
completed. Erik Holmberg CEO of RS Platou Markets
said interest in fundraising for the new company had
been very good, Danish newspaper Borsen reported.
The company is placing out 15m shares to raise $50m
in funds. Once funding is completed, TCC which aims
to emulate the success of low cost carrier airlines,
plans to charter six to eight ships for a China to
US West Coast service and up to a further 10 ships
for a China to Europe service. The services will be
based out of the Chinese port of Taiwan and offer
direct port to port calls only, with no additional
door-to-door logistics services that most major
lines offer.
China
Shipping Container Lines Company Limited on
Thursday 13th May 2010 posted a loss of 6.49 billion
Yuan (950.31 million U.S. dollars) in 2009, down
from a net profit of 134.69 million Yuan in 2008.
Revenues fell to 19.94 billion Yuan from 2008's
35.25 billion Yuan, a year-on-year decline of 43.4
percent, said the company in a statement filed with
the Shanghai Stock Exchange. Loss per share was
0.5554 Yuan, from earnings of 0.0115 Yuan per share
in 2008, according to the statement. Another
shipping line suffering from the global meltdown.
CYCLE said the sharp fall in revenues and profits
mainly stemmed from a shrinking market amid the
global downturn, a decline of 42.7 percent from the
previous year in cargo fares and a 28 percent rise
in management costs. The company said it expected
its revenues in 2010 to grow 31 percent from 2009 to
reach 26.17 billion Yuan, while operation costs
would increase on rising fuel prices.
The company's stock ended Thursday's morning session
down 2.65 percent to 4.41 Yuan per share.
Neptune Orient Lines Ltd the owner of Asias
largest container line by fleet size, forecast a
return to profit this year as the global economy
slowly starts the long road to recovery. Global
trade and cargo rates slowly looking like increasing
will have a huge influence on profitability. The
global operating environment continues to improve
since the end of last year. With luck this boost
will continues and see Neptune Orient return to
profitability for the full year. The shipping line
and logistics provider suffered catastrophic losses
last year.
Neptune Orient showed its smallest loss in six
quarters in the period ended April 2 after moving 46
percent more boxes. CEO of Neptune Orient says he
plans to increase capacity this year and return some
mothballed ships to service. It is hoped that more
shipping lines like Neptune Orient will return to
profit in the second quarter. The big picture now is
how much of this upturn can we expect to continue?
Many shipping lines have increased container
capacity and brought mothballed ships back into
global service. Having dealt with these troubled
times, the global shipping container industry whilst
optimistic is in reality very cautious. The knock on
effect is the support services such as repair yards
and storage facilities suffer. Shipping Container
Trader reported earlier this month on the production
of new build containers in decline. Now due to an
upsurge the supply cannot keep up with demand. New
build containers ex China costing more, and yet
another price hike on the horizon can we really see
an end to this global meltdown?
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