News

Canada a promising market for Vietnam seafood

26.04.2012

 

  Canada is now Vietnam’s ninth largest seafood importer, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). It is also a familiar market for Vietnam’s cuttlefish and octopus products. In 2011, Vietnam earned US$913,000 from cuttlefish and octopus export to Canada , but the figure was over $440,000 in the first quarter of this year, a surge of 600 percent over the same period last year. Seafood experts said that the surge will open up more opportunities for Vietnamese cuttlefish and octopus exporters in future. According to VASEP, Canada is a pleasant and open market for Vietnamese seafood though its orders are smaller than those of the US. However, Vietnamese cuttlefish and octopus exporters have to compete with many rivals, including China, Thailand, India and Peru. To penetrate the Canadian market, local exporters are advised to study market demand and improve product quality to sharpen their competitive edge. Tuoitre Online ... Read more

Hapag-Lloyd to Raise East Asia Rates

18.04.2012

 

  Hapag-Lloyd will impose a new round of general rate increases on its East Asia services, starting May 15.   The German ocean carrier said rates from East Asia toMexico, Central America and the west coast of South America will go up by $500 per 20-foot container.   Rates on all cargo from East Asia to the Caribbean andPanama will increase by $560 per 20-foot container and $800 per 40-foot container.   From East Asia (excluding Japan) and Oceania to the Indian subcontinent, Hapag-Lloyd’s planned increase will be $300 per 20-foot container. The subcontinent region includes ports in India, Pakistan, Bangladesh and Sri Lanka.   From North East Asia to Australia, the carrier will push its rates up by $300 per 20-foot container. The North East Asia region covers Korea, China, Hong Kong and Taiwan.   Meanwhile, Singapore-based liner operator APL said it will apply a port congestion surcharge on reefer cargo from India to Haiphong, Vietnam. Effective April 21, the proposed surcharge will be $300 per 40-foot container.   The Journal of Commerce Online ... Read more

Ocean Carriers Ready Further Rate Hikes

18.04.2012

 

 
Ocean carriers are preparing a fresh round of rate hikes on the Asia-Europe trade, taking advantage of stronger-than-expected cargo growth and a resilient spot market to move out of the red.
 
CMA CGM became the latest carrier to raise rates for the third straight month following the success of hikes in April and March with an “emergency” rate restoration of $385 per 20-foot container from Asia to Europe and theMediterranean on May 1.
 
This followed an earlier $450 hike by OOCL effective May 1 that followed a similar increase by the Hong Kong-based carrier on April 1.
 
Carriers also are continuing to push up rates on the smaller eastbound leg after market leader Maersk Line suspended Europe-to-Asia bookings on March 23 in order clear up a backlog of containers.
 
CMA CGM plans to raise rates from North Europe to Asia and to Red Sea/Middle East ports by $100 per dry container from May 1. This will be accompanied by a $200 per container peak season surcharge from North Europe to the Red Sea/Arabian Gulf.
 
Maersk said it expects further rate increases through 2012 following its two hikes since the beginning of the year. The carrier has achieved an increase of about $1,000 per 20 foot equivalent unit from rate hikes of $750 per TEU in March and $400 per TEU in April, according to Michael Pram Rasmussen, chairman of the parent company A.P. Moller-Maersk.
  The... ... Read more