Famous Pacific Shipping Group

30/11/2022

📢 'Vessel orderbook won't overbalance the market', claims Cosco GM

Cosco Shipping Holdings deputy GM Chen Shuai has sought to calm concerns that the overcapacity seen after the 2008 global financial crisis could be repeated, thanks to the huge number of newbuildings on order.

Mr Chen was speaking at a media briefing last week to discuss Cosco Ship Holdings’ financials for the first nine months of 2022.

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Cosco Shipping Holdings deputy GM Chen Shuai has sought to calm concerns that the overcapacity seen after the 2008 global financial crisis could be repeated, thanks to the huge number of newbuildings ...

28/11/2022

📢 Zhonggu to target containerised dry bulk to fill fleet of new box ships

Zhonggu Logistics, China’s largest coastal liner operator, wants to attract more containerised dry bulk cargo to boost revenue, as it begins taking delivery of 18 4,600 teu ships ordered last year.
The company believes this is “a more feasible” way of boosting revenue as the container freight market continues to weaken.

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Zhonggu Logistics, China’s largest coastal liner operator, wants to attract more containerised dry bulk cargo to boost revenue, as it begins taking delivery of 18  4,600 teu ships ordered last ...

25/11/2022

📢 Europe's feeder operators feel the pressure as volumes from Asia decline

The knock-on effect from blanked sailings from Asia has significantly reduced the need for feeder services across North Europe.

The skipped main line calls, with a sharp decline in transhipment volumes, are obliging feeder operators to combine service loops or suspend them and, where they can, return ships to owners when charter periods expire.

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The knock-on effect from blanked sailings from Asia has significantly reduced the need for feeder services across North Europe.The skipped main line calls, with a sharp decline in transhipment volumes...

23/11/2022

📢 Australia's FWC vetoes Svitzer tugboat lockout to avoid economic damage

Following intense political pressure and intervention from Australia’s Fair Work Commission (FWC), Svitzer’s planned lockout of its tugboat crews tomorrow has been cancelled.

The FWC met today , an attempt to bring its battle with maritime union’s to a head after three years of failed negotiations.

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Following intense political pressure and intervention from Australia’s Fair Work Commission (FWC), Svitzer’s planned lockout of its tugboat crews tomorrow has been cancelled.The FWC met today , an...

21/11/2022

📢 Low ocean shipping rates are here to stay as overcapacity looms

Carrier expectations of a rule-enforced ship-scrapping bonanza – and capacity reduction of around 10% – are “overblown”, according to consultant Alphaliner.

It says this will put shipping on course for a period of overcapacity and low freight rates.

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Carrier expectations of a rule-enforced ship-scrapping bonanza – and capacity reduction of around 10% – are “overblown”, according to consultant Alphaliner.It says this will put shipping on co...

18/11/2022

📢 Liverpool strike canceled with union and employers close to deal

Peel said yesterday it, and partner MSC subsidiary Terminal Investment Limited had reached an agreement that will be recommended by union officials to its members.

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The latest round of strike action at the Peel Ports-operated Liverpool docks has been postponed after the two sides reached “a basic level of agreement” that will be put to the dockers in a vote t...

16/11/2022

📢 COP27: Infrastructure worries hang over Atlantic

The UK has signed up to a ‘green corridors’ agreement alongside Norway, the Netherlands, and the United States to bring about zero-emission shipping routes between these countries.

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The UK has signed up to a ‘green corridors’ agreement alongside Norway, the Netherlands and the United States to bring about zero-emission shipping routes between these countries.The agreement, ma...

15/11/2022

📢 Carrier anger at plan to revise terminal access charges in Australia

Proposed changes to terminal access charges in Australia have met with stinging criticism from shipping interests who condemned it as “a truly awful policy”.

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Proposed changes to terminal access charges in Australia have met with stinging criticism from shipping interests who condemned it as “a truly awful policy”.In a speech to the Australian Productiv...

11/11/2022

📢 China joins supply chain shift and wants its hi-tech firms to invest in Vietnam

The shift of Chinese manufacturing to Vietnam is set to “accelerate” after a high level meeting in Beijing.

Vietnam’s general party secretary Nguyen Phu Trong met President Xi, who said China planned to build a “stable supply chain” with its southern neighbour.

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The shift of Chinese manufacturing to Vietnam is set to “accelerate” after a high level meeting in Beijing.Vietnam’s general party secretary Nguyen Phu Trong met President Xi, who said China pla...

09/11/2022

📢 Port Houston to implement fees for long-dwelling containers

Starting Dec. 1, the port will apply a $45 per day “sustained import dwell fee” for loaded containers beyond the free period (about five to seven days). This fee comes in addition to demurrage charges.
The fees are intended to help clear space so port workers can better service vessels and reduce cargo delays, officials said.

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Charges designed to reduce number of containers sitting idle at 2 terminalsPort Houston recently approved enacting fees on long-dwelling containers, aiming to clear backlogs of imports sitting at its ...

07/11/2022

📢 FPS Group 23rd Joint AGM with Gateway Group was held from 9-12 Oct 2022 in SAii Laguna Phuket Hotel

04/11/2022

📢 FPS Group 23rd Joint AGM with Gateway Group was held from 9-12 Oct 2022 in SAii Laguna Phuket Hotel

Some glimpse from the Members' 1:1 Meetings...

A total of 1288 meetings were done between the members.

We would like to thank all our attendees for joining the AGM.