first_img MSC has become the latest shipping line to revamp its intra-Asia service offering amid strengthening China-Asean trade.From this week, MSC has updated four existing intra-Asia services and is launching a new South-east Asia loop named Seahorse, which links Tanjung Pelepas, Singapore, Jakarta, Yantian, Kaohsiung, Manila, Vung Tau and Laem Chabang.“Customers are showing increasing demand for new services to move cargo between key locations in Asia,” said the carrier.“These enhancements to our intra-Asia network offer direct connections and competitive transit times for long-haul cargo from Greater China and South-east Asia, as well as comprehensive port coverage between Indonesia, South China, Taiwan, Philippines, Vietnam and Thailand.” Dubbed the largest tradelane in the world, intra-Asia accounts for some 33m teu every year, but in reality comprises hundreds of individual lanes criss-crossing Asia Pacific, the Indian Subcontinent and Australasia.Between January and April – at the height of the Covid crisis in Asia – some trade data suggested intra-Asia volumes were suffering from ‘lockdown-syndrome’ alongside the major deepsea trades.However, for China-Asean at least, recent figures show a 5.6% increase in bilateral trade to $299bn during the first-half of the year.The South-east Asian trading-bloc surpassed the EU to become China’s largest trading partner for the first time, albeit perhaps temporarily as European economies get back into gear, post-lockdown.As well as MSC, new services between China and Asean, and intra-Asean, have been launched by other major players in the region. For example, in March, Maersk’s Sealand Asia adjusted two intra-Asia strings to add new direct calls between Indonesia and China; and ONE has increased direct sailings from China, with two new services launching this month to Indonesia, Thailand, Vietnam and the Philippines.Regional carriers have revamped services, too. This month, Thailand’s RCL began a butterfly service between Singapore, Malaysia, and Indonesia, while this Friday, Wan Hai will launch its fourth string between Taiwan, Vietnam and Thailand with partner Interasia Lines.A traditionally competitive market, intra-Asia freight rates have held steady throughout the crisis – unlike the steep rate climbs experienced on the deepsea trades.“Some mainline carriers are offering promotional rates on intra-Asia lanes, especially where they need boxes to be repositioned,” said Mr Sundara, Asia Pacific ocean freight director at Scan Global Logistics.He added: “To cope with the peak in transpacific eastbound and Far East westbound trades, intra-Asia movement has been capped to provide priority movement for these mainline east-west trades.“They are moving backhaul empties into the Far East to ensure empty boxes are quickly released for export. However, we expect these carriers to push harder for intra-Asia trades sometime near the end of the third quarter, although we can still secure rates until the end of September, both as FAK and for named accounts.”Furthermore, Mr Sundara explains, carriers including Hapag-Lloyd, CNC and Sealand are pushing online spot rates.“MSC has joined the bandwagon by offering instant quotes. Even though this is not rolled out to intra-Asia trade yet, we expect this to happen as it begins the network upgrade.” By Sam Whelan 22/07/2020last_img read more

first_imgCalifornia hits 5% solar, offsets hydro losses due to droughtThe Golden State is the first U.S. state to tap the sun for 5% of its power, finds government report, as solar hits 1% of nationwide generating capacity. March 26, 2015 Garrett Hering Manufacturing Markets Markets & Policy Share California has become the first state in the U.S. to rely on solar energy for more than 5% of its electricity, the federal government’s Energy Information Administration (EIA) reported yesterday.According to EIA, photovoltaic and concentrating solar power plants greater than 1 MW in capacity generated a record 9.9 million MWh in 2014, boosting solar production to more than 5% of California’s wholesale electric generation, compared to just 1.9% in 2013.The report does not include most rooftop arrays in the state or other distributed solar projects less than 1 MW, which totaled approximately 2.3 GW at the end of 2014, according to the California Public Utilities Commission.EIA noted that California’s big rise in solar production came in the same year that severe drought conditions depleted the state’s hydroelectric reservoirs and caused hydropower generation to drop 46% compared to the previous five-year average.Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… 123456Share pv magazine The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.More articles from pv magazine Related content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German enginee… The weekend read: China’s push for decarbonization Andreas Walstad 24 April 2021 pv-magazine.com The carbon market is finally a reality in China. 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Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… 123456Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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