Subscribe to our free, weekly email newsletter!

Management Update: Slashing ships.

By Staff
April 01, 2010

A number of Asian carriers have significantly trimmed their container ship fleets over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets. According to analysts at the Paris-based think tank Alphaliner, the seven major Asian operators surveyed have disposed of 282,000 twenty-foot-equivalent units (TEUs) during the period, representing 16 percent of their combined fleet. This includes 155,000 TEU that these operators sent to scrap and a further 127,000 TEU that were sold in the secondhand market and in financial engineering deals. The Asian carriers were not the only operators to be trimming their fleet, said analysts. Among the other main carriers, CMA CGM, MSC and Maersk had also taken steps to dispose of parts of their fleets.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Like last month, the current state of affairs was presented in somewhat stark terms in the most recent edition of the Shippers Condition Index (SCI) recently issued by freight transportation consultancy FTR.

The planned acquisition of TNT NV by FedEx moved one step closer to fruition last week, when the United States Federal Trade Commission (FTC) signed off on the deal in the form of getting U.S. antitrust permission to merge, according to a Reuters report.

Logistics Management recently spoke with Abtin Hamidi, chief vice president and co-founder of Mountain View, Calif.-based CargoChief, a provider of transportation and logistics technology focused on providing shippers with securing over-the-road capacity and pricing, among other services.

Christopher L. Koch, who just retired from a 15-year tenure as president and CEO of the World Shipping Council (WSC), and continues to serve as its senior advisor, is still telling shippers to stay the course.

Seasonally-adjusted (SA) for-hire truck tonnage in October at 135.7 (2000=100) was up 1.9 percent compared to September’s 133.1, and the ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment was 139.8 in October, which was 0.9 percent ahead of September.

Article Topics

Management Update · All topics


Post a comment
Commenting is not available in this channel entry.

© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA