Slumping Economies Dent Europe-ECSA Container Volumes

first_imgzoom Europe-East Coast South America (ECSA) container volumes will have shrunk in 2014 when the final data comes in, Drewry Maritime Research predicts.The slowdown in Brazil’s economic growth is evident in the moribund container trade between Europe and the East Coast South America. This trade has proved to be a major disappointment with the latest statistics from Datamar reporting a big drop in demand in both directions for November.Containerised cargo from Europe to ECSA decreased by 8.4% year-on-year in November, which was only a marginal improvement on the 8.6% and 10.3% drops recorded in September and October respectively. The trade has seen annual declines in every month since March of last year.Weaker demand in November, coupled with unchanged capacity reduced Drewry’s estimated average utilisation for ships sailing southbound from Europe to ECSA for the month to 62%, down from 68% in October.Despite ships being less full, southbound spot rates only saw a minor decline in the last two months of 2014. Drewry’s Container Freight Rate Insight reports that all-in spot rates from Rotterdam to Santos fell from USD 2,090/40ft container in October to USD 2,030/40ft and USD 2,010/40ft in November and December respectively.Similarly, northbound ship utilisation is thought to have decreased in November, dropping to an estimated 85%, down from 97% in November. With a large share of northbound cargo moving under commodity contracts the spot market is not particularly representative, but again spot rates showed minor monthly declines in November and December.These are hardly the sort of numbers that carriers were hoping for when they invested in new and bigger ships for the route. Discounting Grimaldi’s multipurpose ships, only three carriers (Maersk, MSC and Hamburg Sud) deploy ships on this route, although many others are present via slot charter arrangements. Maersk has indicated that it is considering reducing its capacity on Brazil routes, but so far capacity has remained pretty constant with very few missed voyages.Drewry believes that carriers will need to revaluate their capacity needs in this trade, which looks set for a prolonged downturn as the major Latin America economies of Brazil and Argentina will take time to recover. Moreover, questions must be raised about whether Brazil’s sub-par infrastructure could handle extra container loads. Future investment could be hampered by the involvement of local construction firms in the Petrobas scandal.Source: Drewry; Image: Santos Brasillast_img read more

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Robert Hedin until 2014 at Norwegian bench

← Previous Story Yeliz Ozel signed contract with Oltchim Valcea! Next Story → History! Russia will miss WC for the first time! A coach of Norwegian national team, Robert Hedin (44) prolonged his contract with Federation until 2014. That came as a expression of satisfaction with his work after Norway easily beat Lithuania in WC qualification round (27-19 and 24-21) in both matches. His current contract was until 2012, but after a new success (at EURO 2010, Norway was 7th) it has become clear that cooperation extended. read more

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13 trials tribulations and triumphs of the worlds vending machines

first_img Whoops! We couldn’t find this Tweet 7. Pay it forward, just like Haley Joel Osmont Whoops! We couldn’t find this Tweet 8. A Lego vending machine, aka The Dream Source: Imgur9. Just bananas, and banana holders Source: Imgur10. Ah, drumsticks and a Twix, just what I was after Source: Imgur 11. WOAH! I just asked for a Snickers! Source: Imgur12. Truth Source: Imgur13. A vending machine that gives out random books Source: ImgurNow, here’s an otter and a vending machine. Source: Imgur9 ways to reignite that magic feeling of the last day of school>#ThisCouldBeUsButYouPlayin is the hashtag you’ve been missing out on> 1. We hear you vending machine. We hear you Source: Imgur2. Vending machine in peril Source: Imgur3. It’s always the kids that suffer in a divorce Source: Imgur4. Charity begins at the vending machine Source: Imgur5. Don’t ever change, vending machine Source: Rich Anderson6. Oh ‘Muricalast_img read more

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