101 陽 明 月 刊

YOU & ME
陽
明
月
刊
102
2015.06
Publisher : Frank F. H. Lu
Editor-in-Chief : T. P. Chu
Managing Editor : Rita Chang
Executive Editor : Laney Shih
English Consultants : Shih-chi Chen
Service Update
YM Launches South East Asia 5 Service
Yang Ming Marine Transport Corp. (YM) is to launch South East Asia 5 service (dubbed SE5 service) effective on June 22nd, 2015.
SE5 service will be jointly operated by YM and Regional Container Lines (RCL) with two container vessels of nominal 1,200TEU1,500TEU capacity. The rotation of SE5 service is Bangkok, Singapore, Belawan, Port Kelang, Singapore and a round voyage will take 14
days.
YM has been deploying 5 loops of feeder services, and continues enhancing its South East Asia feeder network to offer customers more
convenient services.
Group Insight
Yang Ming Receives Port Metro Vancouver Award
Yang Ming received the “2014 Blue Circle Awards” from Port Metro Vancouver. The award ceremony was held on June 2, 2015 in
Vancouver Convention Centre, and Mr. Lance Lin, General Manager of Yang Ming Canada, attended the ceremony on to receive the award
on behalf of Yang Ming.
The Blue Circle Awards is recognition of the highest level of
participation in the EcoAction Program implemented by Port Metro
Vancouver since 2010. The program promotes attainable emission
reduction goals for ocean-going vessels that enter Port Vancouver, and
rewards those who excel in environmental stewardship.
Yang Ming has always striven for environmental protection.
Our vessels and terminals promote energy-efficient and eco-friendly
transports to fulfill our responsibility as a world citizen. This award
reflects Yang Ming Group’s commitment to environmental protection,
and will further enhance Yang Ming’s corporate image in global
market.
Yang Ming’s New Image Advertising
Yang Ming delivers goods to make you enjoy a happy life
The new design for Yang Ming’s 2015 image
advertising uses Yang Ming’s first 14,000 TEUs “YM WISH”
through the computer screen, which displays strengthened
management system and upgraded service quality. We stand
by everyone and carefully carry all kinds of goods to make
people enjoy a happy life.
Marine transportation is not only a business but also
part of our lifestyle. Based on this concept, YM WISH
delivers technology, fashion products and so on. These are
testimonies of close relationship between happiness and
marine transportation.
Announcement of YMA HQ Office Relocation
We are pleased to announce that Yang Ming (America) Corp. Headquarters in Jersey City is moving to One Newark Center, 1085
Raymond Boulevard, Ninth Floor, Newark, New Jersey 07102, effective from June 22, 2015.
Yang Ming (America) Corp.
One Newark Center
1085 Raymond Boulevard, 9th Floor
Newark, New Jersey 07102
Our Corporate Headquarter phone numbers and E- mail addresses will remain unchanged.
Should you have any questions about our relocation or our new facility, please feel free to contact your local YMA representative.We
look forward to serving you from our greatly improved office surroundings.
Please note this is only a YMA HQ Jersey City office relocation. All other mailing addresses for Ocean Freight Payments and Customer
Services remain unchanged.
Industry Updates
I. Industry Update:
Orson Wu, PLGD, YMHQ
A. Overall Demand/Supply Forecast
Recent mainlane trade indicators have been painting a confusing
picture regarding the direction of trade growth in full year 2015.
Whilst box trade growth figures on the peak leg mainlane trades of
the Far East-Europe and the Transpacific were negative in March,
there is no consensus on the longevity of this period of weakness.
Whilst initial data points for April look less weak than those for
March, projections for volume expansion on the peak leg mainlane
trades in 2015 have been revised downwards slightly in order to
reflect this uncertainty (see page 12). Global box trade is expected
to expand by5.8% in 2015, reaching 181m TEU, before growing
by 6.4% in 2016.
Overall container capable supply is currently expected to expand
by 6.3% in2015. However, the pace at which containership
capacity is being delivered is set to slow in 2016, with container
capable growth expected to reach 4.3%.Robust growth in the fleet
2012
2013
so far in 2015, particularly in the very large sizes, has contributed
to significant downward pressure on box freight rates. Operators
are expected to find it very challenging to support mainlane freight
rates during the remainder of 2015, as they battle to limit the
impact of capacity growth. Meanwhile, the charter market appears
to have benefited from a slowdown in key parts of the ‘cascade’.
Fundamentals in the charter market have also improved as a result
of contraction in the charter market fleet. A limited idle fleet,
of around 1.9% by early May, also indicates the tighter market
environment. These trends looks set to hold, although in the
longer-term, a sustained period of weakness in the freight market
could pose a threat to further improvements in charter vessel
earnings.
(Quoted from Clarkson, Container Intelligence Monthly, April 2015)
2014
2015
2016
Demand
3.1%(±0.0)
5.0%(-0.1)
5.3%(-0.1)
5.8%(-0.2)
6.4%(-0.1)
Supply
4.9%(±0.0)
4.7%(±0.0)
5.6%(±0.0)
6.3%(+0.1)
4.3%(+0.3)
Balance
-1.8%(±0.0)
0.3%(-0.1)
-0.3%(-0.1)
-0.5%(-0.3)
2.1%(-0.4)
note: 1. Blue – upward amendment compared with last projection
2. Red – downward amendment compared with last projection
source:Clarkson, Container Intelligence Monthly, Apr 2015
B. Trade Analysis and Statistics
■ Drastic measures needed to halt Asia-Europe rate collapse
✽Freight rates on the Asia to Europe route have dropped to their
lowest levels on record as carriers face off in a damaging rate
war amidst weak vessel utilisation. The SCFI spot rates from
Shanghai to North Europe reached an all-time low of $243/
teu on 12 June and could fall further with rates as low as $150/
teu reportedly offered by carriers. Current spot rates are well
below breakeven levels, estimated at about $800/teu based on
Alphaliner’s calculations. Effective freight rates, after deducting
fuel surcharges, are now negative for carriers with BAF (bunker
adjustment factor) averaging $337/teu in June.
✽T he widespread practice of void sailings has proven to be
ineffective so far. Carriers have cancelled 52 voyages or 10% of
all Far East to North Europe sailings during the first six months
of this year, the highest rate of sailing cancellations ever recorded
on the trade. Despite this, carriers’ reluctance to permanently
withdraw excess capacity have foiled all of their previous rate
restoration efforts.
✽The capacity on this ‘2M’ service, branded 'AE-9' by Maersk
and 'Condor' by MSC, will be slashed from 9,500 teu to 6,500
teu through a replacement of the 9,500 teu-class ships currently
plying the service, and the removal of existing wayport calls
on the Mediterranean. The move, to be implemented by August
2015, is part of a revamp of the 2M Asia-Europe network which
is expected to affect all six of its FE-North Europe strings and five
13,800 and 19,000 teu are still due to join the FE-Europe trade in
FE-Mediterranean strings, with details currently being finalised
the coming six months.
and to be announced later after receiving regulatory approvals.
✽With cargo demand to Europe expected to
remain weak for the rest of the year, there needs
to be more drastic capacity cuts. The best way
to achieve this is for each of the four alliances
to share equally the burden of reducing overall
capacity by removing the smallest loop from
each of the four alliances. This would entail the
suspension of the AE-9/Condor by 2M, the FAL3/
AEC7/AEX4 by O3, the NE8/CES by CKYHE
and Loop 1 by G6. Such a move would remove a
total of 39,000 teu each week, representing 14%
of the current FE-North Europe capacity.
✽Carriers’ failure to take such drastic measures now
would have significant negative repercussions,
especially since some 25 new ships of between Source: Alphaliner Newsletter
■East-West Trade Capacity Deployment (Last 12 months)
■Only a slight change occurred in the idle fleet during the end of
May. The portion set around 1.8% of total fleet.
Source: Alphaliner Monthly
Source: Alphaliner Monthly
II. World Economy：
■Composite leading indicators point to growth convergence in most major economies
■In the latest statistics, there is a slight boost in manufacturing sector in the US whilst a sudden fall appears in the nonmanufacturing sector. The readings in both sectors in Eurozone and China keep flat, showing an uncertainty after/before major
financial policy implementation.
Source: Institute for Supply Management (ISM); Markit Economics; China Federation of Logistics & Purchasing (CFLP)
Personnel Updates
姓名
Name
Original Position
莊錦芳 Amber Chuang
Senior Manager
陳彥邦
Ted Chen
Senior Manager
張聖怡
Andy Chang
Deputy Manager
邱鈴雅
Lilian Chiu
莊雅雯
Jenny Chuang
陳威宇
W.Y. Chen
慶裕君
Ann Ching
PLAS YM HQ
New Position
Effective Date
Senior Manager
PLAS YM HQ
2015/6/1
Senior Manager
PLEA YM HQ
2015/6/1
BBRS YM HQ
Senior Manager
BBRS YM HQ
2015/6/1
Manager
PLGD YM HQ
Acting Manager
PLGD YM HQ
2015/6/1
Manager
PLDS YM HQ
Acting Manager
PLDS YM HQ
2015/6/1
Young-Carrier Company Ltd. (Xiamen)
2015/6/1
Parental Leave
2015/6/12
Team leader of PLDS YM HQ
PLGD YM HQ
Team leader of PLEA YM HQ
TTDP YM HQ
Manager
GMCC YM HQ
Enchanting Bridges-Yang Ming Photo Contest on World's Classic Bridges Winning Entries
Photo Works No 21.
Theme : Magpie Bridge
Name: Hou, Wen-Tsai
Award: Excellence
Entry Group: Bridges of the Taiwan Group
Name of the Bridge: Heart of Love River Bridge
Location (Country/ City): Gushan District, Kaohsiung City
Yang Ming 5th International Adolescents Painting Competition Winning Entries
Painting Works No 4.
Theme: Life in a Fishing Village
Award: Gold Medal
Name: Kelvin Lee Khai Ming
Country: Malaysia
Age: 15
Comments:
The artist used light and transparent colors and the wash technique
to portray a fishing village. The composition and the use of color
are equally outstanding. This is an excellent masterpiece.
New Elegance with Original Beauty
Jade Art No.102
Title: Phoenix and auspice
The materials: Old white jade of Ming Dynasty, ruby, 18K white/rose, diamond,
emerald.
Description: This is a Ming dynasty hollowed-out carving featuring a pair of
phoenixes and a peony flower. The jade is fine and workmanship is marvelous. The
original measures 5cm-by-5cm.
Designer's philosophy:
The pattern of two phoenixes embracing a peony flower is a symbol of great wealth
and nobility. The K-white/rose, diamonds and gemstones around are like gorgeous
bouquets of flowers. It looks all the more beautiful and elegant by the addition of an
emerald pendant with tussles.
Art designed by Rita Chang, GCIS, YMHQ