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Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject to wildly fluctuating service levels. This was a key take-away from Day 1 of the TOC Container Supply Chain Asia conference being held in Hong Kong, on 12-14 March.
Addressing the conference session ‘Carriers Close Up’, Mark Holloway, Head of Supply Chain Asia for global beverage group Diageo, explained that his company’s supply chain is focused on “cost, service and quality”, in other words a natural continuation of Diageo’s corporate culture and approach to its end customers who consume the company’s products.
Understanding customer requirements is key to meeting their expectations, he explained. However, he added that in his experience container shipping lines have little or no engagement with their customers either to discuss issues that arise or plans to improve service levels. He argued that the focus was almost exclusively on price, which in times of highly volatile rate movements often leads to unreliable lead times impacting service levels for end customers and unreliable updates on where particular shipments are at any moment along the logistics chain.
These factors have a negative impact on business often resulting in increased inventory and service risks. However, Mr Holloway emphasised that the current poor state of relationships between shippers and carriers was as much the result of shippers allowing that to happen as also being the fault of the carriers. His principal message was that both partners need to improve their communications with each other in order to achieve more collaborative supply chain management.
“It is now the responsibility of shippers to elevate the quality of the conversations we have with carriers and focus on cost, service and quality, and therefore allow us to have an on-going relationship with our supply chain colleagues just I have an on-going relationship with the customers I serve,” he concluded.
From a carrier perspective, Stanley Smulders, Senior Vice-President Asia - Europe & West Africa Trade Management, for MOL Liner, accepted that various strategies recently adopted by carriers do impact supply chains. However, he also pointed out that the response of many carriers has simply been as a result of the lack of sustainable financial returns. The creation of wider alliances, for example, is an obvious response to the need to phase in larger vessels economically in order to ensure that the ships are fully utilised. But this will likely result in fewer sailings, which has a direct effect on supply chains.
Shipping lines also need to reduce costs, through measures such as slow steaming, he continued. He asked rhetorically whether this is likely to change any time soon, but the answer was “very unlikely” as long as costs such as bunker fuel stay where they are.
Mega-vessels, mega-ports
The impact of mega-vessels and mega ports on the supply chain was also a principal theme of the opening day. In a keynote speech, Mohammed Al Muallem, Senior Vice-President & Managing Director UAE Region, for DP World, noted that ports are integral to supply chains. Moreover, containerisation has expanded the hinterland of ports, leading to the development of regional, local & extended gateways.
Consequently ports have evolved as enablers adding “substantial value” to the freight chain, specifically in terms of facilitating multimodal infrastructure, e-information exchange and integration with hinterlands. This is encouraging a move towards ‘port-centric logistics’ that provide connectivity between supply chain enablers.
Mr Muallem continued by saying that ship size has doubled over the past decade and the market will continue to see increasing numbers of ‘mega-ships’ coming onto the market. With these increasingly large vessels, hub & spoke concepts for ports are likely to be dominant and will enable shipping lines to pursue the economies of scale they are seeking.
This has significant implications for ports. Larger ships mean deeper drafts, wider channels and longer berths. Operational efficiency is also of key importance as the mega-vessels will need to load/discharge greater numbers of containers with each vessels call.
TOC CSC Asia continues until 14 March at the Hong Kong Convention and Exhibition Centre.
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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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