Home Page About us Forum MIL
Tracuu
 



Username
Password
 
Member Register


 
 
 
Login

     

Megaships heading for Asia-Europe trade

1/17/2013 10:07:14 AM

Larger capacity will continue to be phased in during the first half of 2013 on the Asia-North Europe and Asia-Mediterranean trades with the delivery of 13,000 plus TEU vessels.

 

The giant ships are likely to set off alarm bells even though shipping executives said they believed Europe was beginning to edge out of its economic crisis.


The only relief is that the capacity increases are on a few individual services proviced by alliances and not on the entire Asia-Europe trade. However, this is tempered by the knowledge that all the lines involved in the Asia-Europe trades have substantial megaship newbuilding programmes with delivery from 2013 to 2015.


The G6 lines, comprising the old Grand and New World alliance members, will start deploying the first 13,000 plus TEU vessels of their 2013/2014 newbuilding programme on Loop 5 of the Asia-North Europe service between now and May.


Loop 5 presently operates with a weekly capacity of 8,700 TEUs but by the end of June 13,000 plus TEU vessels deployed on other Asia-Europe loops will switch to Loop 5, boosting weekly capacity by 13,000 TEUs – a staggering 50 percent increase. The 13,200 TEU newbuilding deliveries to be phased in on Loop 5 are NYK Helios in January, OOCL Berlin in March, NYK Hercules in April and OOCL Chongqing in May. The loop’s rotation is Kwangyang, Pusan, Shanghai, Ningbo, Yantian, Shekou, Singapore, Rotterdam, Hamburg, Thamesport, Singapore, Kwangyang.


The G6 alliance will also increase capacity on Loop 4 during the January-June period. The 13,200 TEU newbuilding OOCL Brussels phases in during the latter part of January to replace a 10,000 TEU vessel, and other similar capacity changes are expected through the first half.
The Loop 4 rotation is Ningbo, Shanghai, Yantian, Singapore, Port Said, Le Havre, Southampton, Hamburg, Rotterdam, Jeddah, Singapore, Yantian, Ningbo.


The CKYH Alliance lines are also planning capacity increases in the first half, led by Hanjin and Cosco. The 13,100 TEU Hanjin Harmony will replace 9,900 TEU Hanjin Korea in late March on the NE6 service while Cosco’s 13,100 TEU Fortune and Belgium vessels will replace 10,000 TEU vessels in February and March on the NE3 service.


The question remains whether Europe is actually emerging from its economic woes or the lines are phasing in larger vessels on the Asia-Europe trade because it is the only conduit suited for 13,000+ TEU vessels. Is the Asia-Europe trade going to become another disaster zone because of the capacity overload? Shipping line executives are split on their views.

 

Cargonews Asia

RELATED NEWS
CSCL, Hanjin, Evergreen receive three 8,000-10,000 TEU ships (4/1/2014 9:26:40 AM)
NYK, MCC upgrade Japan, South China, Thai loops with Perseus Service (3/4/2014 9:20:47 AM)
Hanjin, CMA CGM, Zim, Maersk raise Asia-Europe rates (1/7/2014 8:43:56 AM)
OOCL, Hapag-Lloyd, MISC, NYK cancel Asia-Black Sea express service (12/13/2013 10:59:07 AM)
Eleven BAF and CAF surcharges to rain down from OOCL from October 1 (9/6/2013 9:47:08 AM)
OOCL's sixth 13,208-TEU newbuild named NYK Hermes ahead of charter (7/22/2013 9:33:58 AM)
OOCL hikes rate US$525/TEU on westbound Far East-Europe trade August 1 (7/11/2013 9:51:15 AM)
OOCL increases Asia-Europe rates US$975/TEU July 1, including Japan (6/3/2013 8:54:00 AM)
OOCL to Raise Trans-Pacific Rates on July 1 (6/1/2013 8:43:54 AM)
Cosco, Hanjin, Yang Ming Partner on Russia-Finland Service (5/7/2013 9:55:10 AM)
OTHER NEWS
COMMENTS

Your comment

Content:
Email / Name / Tel:
 
The most comprehensive and easy-to-use global marine weather application
With the Courtesy of Bao Hoang Yachts Co.
Click "HERE" to get your own 30day free trail
or contact Ms Phuong Bui at Vietnam Shipper:
phuongbq@vil.com.vn / 08.39330 148

On its way to develop alternative energy-sources for greener aviation, Airbus is also supporting basic research activities for electric aircraft concepts “eGenius”...
more ...
 
Which column are you most interested in VietnamShipper?
Very great
Great
Normal
Not very great

© 2005 Copyright byVietnam Institute of Logistics/ Vietnam Shipper. All right reserved. --- Contact for Advertisement

25th Floor, Pearl Plaza - 561A Dien Bien Phu Str., Binh Thanh Dist. HCMC - Vietnam - Tel: (+84.8) 3513 6399 - Fax: (+84.8) 3513 6359 - Email: admin@vietnamshipper.com