Subscribe to our free, weekly email newsletter!


New Asia-Latin America ocean cargo service reflects market shift

This announcement coincides with news of record growth in both China and Latin America. According to the World Shipping Council, the top 20 container ports are within China, and all are growing exponentially
By Patrick Burnson, Executive Editor
April 11, 2011

Evergreen Line, COSCO Container Lines (COSCON), Pacific International Lines (PIL) and Wan Hai Lines (WHL) will jointly launch a new service linking the Far East and the West Coast of South America (WCSA).

This announcement coincides with news of record growth in both China and Latin America. According to the World Shipping Council, the top 20 container ports are within China, and all are growing exponentially.

This new weekly service, commencing from Kaohsiung on 30 April, is in response to the booming Asia - WCSA market.  This 70-day round trip service will operate with 10 ships of approximately 3,000 TEU.  Evergreen Line will contribute four vessels, while COSCON, PIL and WHL will each deploy two vessels.  The port rotation is:

Kaohsiung - Yantian - Hong Kong - Ningbo - Shanghai - Manzanillo (Mexico) - Buenaventura (Columbia) - Callao (Peru) - Iquique (Chile) - San Antonio (Chile) - Callao (Peru) - Manzanillo (Mexico) - Kaohsiung.

Hong Kong and other Chinese ports posted throughput increases of 17.9 percent to 169 million twenty-foot equivalent units (TEUs) to increase their world market share to 30.1 percent in 2010 from 29.3 percent in the previous year, said spokesmen at the World Shipping Council.

Furthermore, South America was the second fastest growing region with its ports increasing container traffic 17.6 percent in 2010.

Analysts at Alphaliner, a Paris-based consultancy, noted that the surge in this trade lane follows a record year-on-year increase of 14.5 percent over 2009, when the first annual drop in the history of containerization shrunk overall port traffic 8.9 percent.


Richard Thompson, executive vice president, global supply chain practice for Jones Lang LaSalle in Chicago, said in an interview that growth in this trade lane is a given:

“The Panama Canal Expansion will be transformational,” he said, “benefitting both Asia, South America, and the entire Caribbean Basin.”

For related articles click here.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


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

Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups

Satish Jindel, president of Pittsburgh-based SJ Consulting, says that one way for LTL carriers to improve both their bottom lines and overall productivity is to get a better grasp on the cost of handling a shipment and the pricing they have for it.

Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.

With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

Article Topics

News · Ocean Freight · Ocean Cargo · World Trade · All topics

Comments

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