Le transport maritime tangue en pleine tempête PDF

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Maritime transport is pitching in the middle of a storm Ship-owners could loose 10 billion dollars in 2016. The French group CMA CGM is trying to stay afloat. There’s swaying, there’s rolling. Just like in an old sea shanty, the global shipping industry is currently suffering a sudden squall. An overcapacity crisis of a rare intensity. The losses piled up by the ship-owners, whom accounts are one after the other in the red, are a good proof of that crisis. Including the accounts of the French leader and third worldwide CMA CGM. The group, which is owned by the Saadé family and stronger than many of its rivals, declared on Friday the 2nd of September that it has managed to limit its loss to 228 million dollars (204 million Euros) during the first quarter, compared to a 562 million net profit a year earlier. Others, like the Chinese group Cosco have released even more worrying results. In total, the big names in the business risk to register an 8 to 10 billion dollars deficit by the end of the year, said Lars Jensen, from the consultancy SeaIntelligence Consulting based in Copenhague. In 2009 during the previous trough, Maersk, MSC, CMA CGM and the others had together lost some 19,4 billion dollars. Prices are soaring The storm has already made its first victim: Hanjin, the main South Korean ship-owner. Its creditors having refused to bail it out, the executive board decided on Wednesday the 31th of August to ask for the group to be placed into receivership. The request was past on to the Seoul central District Court on Friday. It is the largest bankruptcy on the history of container shipping. With 98 specialised ships and 44 freighters and tanker ships, Hanjin was until Wednesday on the 7 th international rank in terms of capacity. Since then, everything is going wrong for Hanjin. Fearing not being paid, some ports are refusing to let the company’s boats dock, or forbid the unloading of merchandises. Other ships were seized/impounded at the request of creditors. Several ships leased by Hanjin or belonging to other ship-owners from the same alliance have also been swept away in the turmoil. In total, a third of the South Korean company’s fleet is immobilised. From LG to Walmart, the situation is considerably worrying the companies which use the Hanjin services. Will the Korean TVs or cars and shoes made in China arrive in time in the American stores? Will some products remain stuck at sea? Whatever the outcome, Hanjin regular clients are searching for alternatives for their future shipping. Several ship-owners competitors will put more boats on the big trade roads where Hanjin was powerful, in particular between Asia and the USA. That way, CMA CGM hopes to recover a

part of the traffic. Right now, prices are soaring: on Friday, the spot price for the shipping of a container from Shanghai to LA jumped to 42% according to World container Index....