Maritime Market News
keo nha cai dua ra toi nayNews Highlights week: 44 - 2024
Ngày đăng: 31/10/2024 |Hits:498
COSCO buys into Laem Chabang container terminals
COSCO SHIPPING Ports Limited (CSPL) on 23 October announced that it acquired 12.5% and 30.0% of keo nha cai dua ra toi nay equity stakes in Thai Laemchabang Terminal Company (TLT) and Hutchison Laemchabang Terminal (HLT), respectively.
keo nha cai dua ra toi nay Chinese firm agreed to pay approximately USD 110 M for keo nha cai dua ra toi nay two stakes. With keo nha cai dua ra toi nay buy-in, COSCO Group becomes a minority shareholder in several container terminals (or terminal modules) at keo nha cai dua ra toi nay Thai main port of Laem Chabang, which is located some 100 km south of central Bangkok.
COSCO will henceforth have stakes in keo nha cai dua ra toi nay terminals modules A2 through TLT, as well as modules A3, C1-C2 and D1-D3 through HLT.
While keo nha cai dua ra toi nay Port of Bangkok, where vessel size remains limited to keo nha cai dua ra toi nay well-known ‘Bangkokmax’ (1,900 teu) and ‘Max-Bangkokmax’ (2,300 teu) ships, remains very popular, Laem Chabang is basically keo nha cai dua ra toi nay main container port for keo nha cai dua ra toi nay greater Bangkok region and all of Thailand. It accounts for some 80% of total throughput in keo nha cai dua ra toi nay country.
CSPL commented that keo nha cai dua ra toi nay acquisition would ’help further develop keo nha cai dua ra toi nay trade and economic ties between China and Thailand’. keo nha cai dua ra toi nay company added that it would also ’help COSCO SHIPPING Ports optimize keo nha cai dua ra toi nay layout of port resources and deepen keo nha cai dua ra toi nay synergies between port and shipping companies’.
On a global scale, Laem Chabang ranks 17th with an annual throughput of 8.87 Mteu in 2023. Currently, there are ten separate concessions operating container piers at Laem Chabang. These reach from small facilities, designed for barges and feeders, to large mainline terminals that can handle ‘megamax’ ships.
No weakness in sight for charter market
keo nha cai dua ra toi nay container charter market continues to do very well for tonnage providers with demand showing no sign of easing, whilst a continued limited supply of ships is supporting healthy charter rates.
Most size segments enjoy keo nha cai dua ra toi nay bonanza but keo nha cai dua ra toi nay larger sizes above 4,000 teu are keo nha cai dua ra toi nay ones which benefit keo nha cai dua ra toi nay most from keo nha cai dua ra toi nay current situation as keo nha cai dua ra toi nay persistent low availability of prompt tonnage is forcing charterers to pay continuously strong monies to obtain keo nha cai dua ra toi nay ships they want. Forward fixing well into 2025 continues to be keo nha cai dua ra toi nay name of keo nha cai dua ra toi nay game although Alphaliner hears that some carriers are becoming a little reluctant to fix vintage tonnage well in advance, giving instead their clear preference to modern and eco units.
In keo nha cai dua ra toi nay smaller sizes under 4,000 teu, keo nha cai dua ra toi nay last couple of weeks have seen a healthy volume of fixing with keo nha cai dua ra toi nay number of fixtures concluded substantially higher than in previous weeks. keo nha cai dua ra toi nay 2,000-2,600 teu, 1,500-1,900 teu, 1,000-1,249 teu and sub-1,000 teu sizes were particularly busy. However, and contrary to developments in keo nha cai dua ra toi nay large sizes, charter rates are not making any significant progress due, in part, to a greater availability of tonnage.
Nevertheless, keo nha cai dua ra toi nay charter market’s continued good health is astonishing considering keo nha cai dua ra toi nay various headwinds keo nha cai dua ra toi nay sector is facing. Firstly, keo nha cai dua ra toi nay peak freight season is behind us, so cargo volumes would be expected to be lower at this time of keo nha cai dua ra toi nay year. Secondly, newbuildings continue to flood keo nha cai dua ra toi nay market and would under ‘normal’ circumstances start taking their toll on keo nha cai dua ra toi nay market. But this is not happening, as keo nha cai dua ra toi nay Cape of Good Hope diversions continue to support demand, while cargo volumes are higher than initially expected on many routes.
On Friday, keo nha cai dua ra toi nay Shanghai Containerized Freight Index (SCFI) reflected this ‘bullishness’, and was up by a strong 6%, ending fourteen weeks of consecutive fall. Whether keo nha cai dua ra toi nay GRIs implemented by carriers will stick through November remains to be seen but for now, and despite negative external factors, particularly new ship deliveries, keo nha cai dua ra toi nay market is holding much better than anybody was initially predicting.
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