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  • Liftings return to pre-COVID levels as Maersk catches COSCO - Alphaliner
  • 2022 May 24 09:39

    Liftings return to pre-COVID levels as Maersk catches COSCO - Alphaliner

    Loaded volumes for COSCO fell below those of Maersk Line in the final quarter of 2021 after liftings for the Asian carrier declined 13% year-on-year, according to Alphaliner's release.

    Maersk once again moved ahead of its rival after posting a much more modest fall in liftings over the same period, at 4%. The two carriers have vied for the position of the most liftings (excluding MSC which does not publish figures) since mid 2018 when COSCO acquired OOCL.

    Until recently, the Chinese group appeared to be prevailing, having exceeded Maersk’s loaded volumes for six consecutive quarters starting in Q2 2020. The difference remains marginal, however, with just 60,000 teu separating the two companies in the final three months of 2021.

    Overall, the eight carriers posted loaded volumes of 25.4 Mteu in the October- December 2021 quarter, equivalent to an 8% decline year-on-year. Congestion issues continue to choke potential trade movements despite elevat- ed demand, while container shortages and ongoing crew issues have worsened the problem, tying up more overall shipping capacity per teu unit.

    Despite this, there are signs of a return to pre-COVID levels. Total liftings for the eight carriers reached 103.6 Mteu in 2021, versus 100.8 Mteu in 2020 when first-half volumes were severely impacted by COVID. This is slightly above the 102.9 Mteu recorded for 2019, the last period unaffected by the virus. 

    With Maersk - for now - re-established in the top spot, closely followed by COSCO, there is no change to the next two rankings. Although CMA CGM showed a year-on-year drop in liftings in Q4, it carried a total of 22 Mteu in 2021, 2% higher than in pre-COVID 2019, and remains comfortably the third largest carrier in terms of loaded volumes. It is followed by Hapag-Lloyd in fourth place, which logged liftings of 11.8 Mteu in 2021, a figure that was flat on 2020, but down –1% on 2019.

    Among the smaller carriers, ZIM and Wan Hai Lines showed the most growth. Wan Hai recorded loaded volumes of 4.9 Mteu in 2021, up more than 10% on 2019. ZIM posted 3.4 Mteu in liftings for 2021, a sharp jump on the 2.8 Mteu posted for both 2019 and 2020.

    The figures, while showing boxes carried, do not however reflect ton- miles transported, a factor when comparing long-haul carriers with those with substantial intra-regional operations. Average rates per teu rose for all carriers again in the final quarter of 2021 although individual performances were mixed, reflecting carriers’ exposure to key east-west trades and their proportion of spot business.

    However, a majority of carriers earned over USD 2,500 per teu in the period, with ZIM breaching the USD 3,500 per teu mark for the first time. On average, revenue per teu rose 13% compared to the previous quarter as the rate momentum continued. Early indications by carriers such as OOCL, which released its opera- tional update last week, suggest another quarter-on-quarter increase in rates per teu in the first three months of 2022.

2022 July 1

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15:47 TotalEnergies Marine Fuels and MOL Group complete first biofuel bunker operation of a vehicle carrier in Singapore
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14:49 CPC Marine Terminal operates two of its three Single Point Moorings
14:27 CPC Terminal paid over RUB 5.28 billion for recovery of damage caused by oil spill
14:27 PM Fumio Kishida says Sakhalin 2’s new operator will not cause an immediate halt in LNG shipments to Japan
14:05 Spartacus nominated for KNVTS Ship of the Year
13:42 2 MOL-operated vessels earn 2021 'Best Quality Ship Awards'
13:20 Port of Houston container activity rises 20% in May 2022
13:03 Petersburg Oil Terminal confirms its ISO compliance
12:44 Monthly LNG imports from USA to EU in June for the first time exceeded gas supplied via pipeline from Russia – IEA
12:40 Solstad Offshore announces contract awards for two CSVs
12:25 Russian Railways' network loading fell by 2.8% in HI’2022
12:10 Maersk Tankers launches a new digital solution to track and report vessel emissions
12:00 Hiab launches next generation LOGLIFT forestry cranes
11:42 RF Government to establish new operator of Sakhalin Energy
11:30 Port of Rotterdam Authority abandons Normal Amsterdam Water Level after 200 years
11:18 Prelude FLNG cancels cargo deliveries amid union strike - Natural Gas Intelligence
11:01 INPEX, IHI, MOL demonstrate clean ammonia supply chain linking UAE and Japan
10:33 Maersk to reduce transit times by 5 -21 days from Asia to Northern Italy
10:21 Rosatom issued first five permits for navigation in NSR waters within summer-autumn season of 2022
10:15 The Twin-Port V project of the ports of Helsinki and Tallinn receives a total of EUR 6.8 million in EU funding
10:09 GTT signs a major contract for its "smart shipping" solution with an important player in liquefied gas shipping
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09:16 Crude oil futures decrease in response to OPEC+ decisions
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08:32 Boskalis and Keppel sell their harbor towage activities in Singapore and Malaysia to Rimorchiatori Mediterranei
08:07 CMA CGM and ENGIE set to co-invest in the Salamander project, to produce second-generation biomethane
07:51 Industry-leading digital services rolled out at APM Terminals Valencia

2022 June 30

18:41 Ocean Yield agrees to purchase two 36,000 cbm liquified ethylene gas carrier newbuildings
18:12 Aker Solutions wins 5-year partnership agreement with Vår Energi
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17:47 The Signal Group launches a tech enabled bunker procurement company
17:34 2,8 million euro worth of EU funding to the Port of Tallinn
17:02 The Suez Canal Economic Zone hosts a round table discussion in coordination with the European Bank for Reconstruction and Development
16:47 Rosmorrechflot estimated excess of Caspian Basin seaports’ capacity at 12 million tonnes per year
16:35 Second Great Lakes Dredge & Dock Company trailing suction hopper dredge to be built to ABS Class at Conrad Shipyard
15:30 RF Government to subsidize banks’ interest rates on loans provided for construction of new transport and logistics centers
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14:44 Khabarovsk Shipyard lays down non-self-propelled dredger of Project 4395
14:23 Ocean Yield AS announces delivery of newbuilding Suezmax tanker with 10-year charter
13:49 MABUX: Bunker Weekly Outlook, Week 26, 2022
13:32 Shipping companies and Customs authorities come together to step up the fight against narcotics trafficking
13:02 NYK becomes signatory to UN’s Sustainable Ocean Principles
12:42 DP World and NIIF announce broadening of partnership in India
12:12 MacGregor signs a five-year service agreement with Color Line
11:52 TGE Marine announces contract for two CO2 carriers
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11:13 Shell and CMA CGM sign LNG fuel supply agreement in Singapore
10:38 G7 reaffirms the commitment to phase out the dependency on Russian energy
10:34 Northern Shipping Company’s MV Kholmogory delivered first batch of cargo to Kaliningrad
09:59 RF Ministry of Industry and Trade to develop mechanisms to support modernization of shipbuilding facilities by private companies
09:35 UNCTAD issues report about effects of the military operation in Ukraine on maritime trade logistics
09:16 Crude oil futures rise amid heightening geopolitical tension
08:58 MABUX: Slight downward correction in Global bunker market on June 30

2022 June 29

18:37 StormGeo partners with DNV to offer anti-roll assistance and seakeeping services
18:18 Krasnaya Kuznitsa Shipyard lays down lead passenger ship for Arkhangelsk Region
17:56 Hydrographic Company eyes attraction of dredging fleet from Egypt, Turkey and Iran