Shippers hail transformational potential of new Maersk/Hapag-Lloyd ‘Gemini’ partnership promising 90% service reliability
The container shipping schedule reliability targets promised by Gemini Cooperation, the new Maersk and Hapag-Lloyd partnership which will start operating services in February 2025, have the potential to be transformative for customers and carrier alliances, according to leading shippers. “I think it’s doable and I think it will then potentially reshape the entire shipping world,”…Read More
Shippers turn to US West Coast terminals to avoid threat of union action and Panama and Suez Canal container shipping disruption
Some container traffic that migrated to US Gulf and East Coast ports in recent years is now being switched back to West Coast gateways by retailers and forwarders desperate to avoid supply chain disruption. Low water on the Panama Canal and the de facto closure of the Suez Canal to container shipping due to Houthi…Read More
Shippers should expect more service disruption in 2024 as container lines seek to manage oversupply and limit losses, says leading shipping analyst
Philip Damas, Managing Director of Drewry Shipping Consultants and Head of Drewry’s Supply Chain Advisors practice, also told the latest episode of The Freight Buyers’ Club podcast that shippers negotiating new long-term ocean freight contracts should carefully scrutinise surcharges as well as rates. Container lines will use a variety of methods to minimise losses due…Read More
Container shipping lines have over-ordered vessels, but vertical consolidation strategies make sense, claims former chairman of Evergreen and Yang Ming
Container shipping CEOs have killed the golden goose by ordering too many ships, and also might need to re-examine the type of vessels best suited to a more regional world dominated by geopolitical tensions, according to the former chairman of two of the world’s leading carriers. Bronson Hsieh, former chairman of both Evergreen and Yang…Read More
Exclusive: [Part 2] Container shipping titan Bronson Hsieh, former chairman of both Evergreen Shipping and Yang Ming Shipping
In part 2 of his interview with Bronson Hsieh, former chairman of both Evergreen Shipping and Yang Ming Shipping, host Mike King explores the implications of the Covid-era and the challenges facing container lines in the years ahead.
Episode in more detail:
Conclusions from the Covid years (1.00)
Liner-shipper relations (5.50)
Will we see a rates war in 2023? (8.45)
Evolving alliances (12.20)
Carrier strategy: port-to-port vs integrator model (16.30)
Are carriers cutting emissions quickly enough for customers? (19.30)
‘Green’ fuels (21.50)
The digitalisation challenge (23.50)
This episode was produced with the support of Dimerco Express Group.
Container lines will deploy multiple tools to cut slot supply as huge new orderbook threatens overcapacity, says shipping titan
Bronson Hsieh, former chairman of both Evergreen and Yang Ming container lines, believes a multi-pronged capacity reduction effort will help carriers avoid a freight rate war as demand growth stalls. Container lines will counter excess capacity and slow demand growth by deploying multi-faceted strategies to reduce slot supply, according to the former chairman of two…Read More
Exclusive: Container shipping titan Bronson Hsieh, former chairman of both Evergreen Shipping and Yang Ming Shipping (part 1)
In this episode of The Freight Buyers’ Club host Mike King gets a very rare and exclusive interview with one of the true titans of container shipping: Bronson Hsieh. Over a 45-year career, he has been chairman of not one, but two of the world’s biggest shipping lines – Evergreen and Yang Ming. In fact, he was vice president of Evergreen Group and chairman of Evergreen Shipping. And he was the Chairman and CEO of Taiwan-based Yang Ming Shipping.
And by common consent, he made an indelible imprint on both. He was front and centre as Evergreen opened the world’s first global east-west, two-way route. He also helped Yang Ming emerge from a difficult financial period, turning losses into profits. He has won accolades from California to Shanghai, including a lifetime achievement award from the Journal of Commerce.
Part 1 of this two-part interview covers the following:
Balance box shipping supply and demand (2.32)
A return to container shipping seasonality? (7.05)
How carriers will cur capacity (9.40)
How this downcycle compares historically (14.16)
Bronson’s career, Evergreen and his fascination with container shipping (15.40)
Saving Yang Ming (19.00)
Current challenges (24.42)
Vietnam, Thailand, Indonesia and India amongst the ‘winners’ of post-Covid sourcing changes. Non-China supply chains will force carriers to reorganise shipping services. Largest container ships may suffer a loss of utility. The diversification of product sourcing away from China in the post-Covid era as manufacturer sand retailers seek more supply chain resilience will have a…Read More
The relationships between ‘arrogant’ container lines and their retailer, manufacturer and other shipper customers must be repaired if supply chain efficiency is to be restored after the chaos of the Covid years, according to leading freight and shipping experts. Bjorn Vang Jensen, Executive Director, International Transport at Cummins, and formerly Global Head of Logistics at…Read More
Wondering what happens next to box shipping rates, alliances and carrier-shipper relations?
Need some help with freight buying strategies or tips on benchmarking contracts?
Or perhaps you were pondering what those big beast shippers who invested in their own vessels will do now rates have collapsed?
Well, please listen in, because these are just some of the issues addressed by host Mike King and Bjorn Vang Jensen on this episode of The Freight Buyers’ Club, produced with the support of Dimerco Express Group.
Bjorn has experience of all sides of the freight business. Until very recently he was one of container shipping’s best analysts as VP Advisory Services for Global Supply Chain at Sea-Intelligence Advisory Services. He’s also been a vessel scheduling manager, a salesperson, a freight forwarder and a 3PL.
On the BCO side of the fence, he was global head of logistics at Electrolux for 16 years during which time he was responsible for moving millions of TEU and hundreds of thousands of tons of airfreight.
This year he embarked on the next stage of his remarkable career as Executive Director for International Transport at U.S. multinational Cummins, which manufactures and designs a whole range of heavy equipment including engines and generators and is on the cutting edge of alternative fuel systems.