Saturday, September 7, 2019 General

Pakistan's Exports To US Increased by 6.11% YoY and 24.1% Overall in May 2019permalink

nation.com.pk

The total exports to the USA during July-February (2018-19) were recorded at $2684.394 million against the exports of $2529.610 million during July-February (2017-18), showing an increase of 6.11 percent during the period, according to State Bank of Pakistan (SBP). This was followed by United Kingdom, wherein Pakistan exported goods worth $1171.950 million against the exports of $1161.099 million last year, showing growth of 0.93 percent. China was the at third where Pakistan exported products worth $1150.523 million during the current fiscal year against the exports of $1107.004 million during last fiscal year, showing increase of 3.93 percent, SBP data revealed. Among other countries, Pakistani exports to Germany stood at $869.763 million against $909.251 million during last year, showing decline of 4.34 percent while the exports to Afghanistan were recorded at $777.292 million against $1008.555 million last year, the data revealed.

I guess, it most likely would be due to trade war and tariff on the chinese goods as well as over 30% currency depreciation1 against the US Dollar in the past year, rather than our Govt., doing anything to help the local industries.

Difference in % YoY Monthly Basis. Exports started to trigger after 2017, when Govt decided to devalue Rupee against US Dollar over 50% since 2017. PKRUSD

Further Reading
CEIC / www.ceicdata.com
Pakistan Total Exports Growth

Pakistan’s Total Exports expanded 19.1 % YoY in Jun 2019, compared with an increase of 24.1 % YoY in the previous month. Pakistan’s Total Exports Growth data is updated monthly, available from Dec 1988 to Jun 2019, with an averaged rate of 12.9 %. The data reached an all-time high of 53.4 % in May 1991 and a record low of -19.2 % in Sep 2015. CEIC calculates Total Exports Growth from monthly Total Exports. The Pakistan Bureau of Statistics provides Total Exports, FOB, in local currency.


1. The devaluation of economy / thefrontierpost.com

Wednesday, September 4, 2019 Informative

What’s an HS or HTS Code?

An HS or HTS code stands for Harmonized System or Harmonized Tariff Schedule. Developed by the World Customs Organization (WCO), the codes are used to classify and define internationally traded goods. In most cases, in order to import or export a product internationally, the traded good must be assigned an HTS code that corresponds with the Harmonized Tariff Schedule of the country of import1.

The difference between an HS code and HTS code is the number of digits within the code. A code with six digits is a universal standard (HS Code) and a code with 7-10 digits (HTS Code) is often unique after the 6th digit and determined by individual countries of import.

These codes are important because they not only determine the tariff/duty rate of the traded product, but they also keep a record of international trade statistics that are used in nearly 200 countries. For example, the United States Census uses these codes to determine the value, quantities, weights, countries traded with, and more, of every product that the United States imports and exports.

Definition & Example for U.S HTS Code
Chapter 09 Coffee, Tea, Matte and Spices
Heading 0901 Coffee, Whether Or Not Roasted Or Decaffeinated; Coffee Husk, and Skins Coffee substitutes containing Coffee.
Sub Heading 0901.21 Coffee, Roasted, Not Decaffeinated
subheading 0901.21.00 No Distinction
Statistical Suffix 0901.21.0010 Coffee, Roasted, Not Decaffeinated, Certified Organic
Source www.datamyne.com

1. In rare cases an item may need a clarification or ruling from the customs to properly assign it the correct HS/HTS code, due to an ambiguity. In US, Customs Ruling are available online at https://rulings.cbp.gov/home

Thursday, August 29, 2019 Informative

What is Third-party Logistics 3PL?

Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization’s use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.

Third-party logistics providers typically specialize in integrated operations of warehousing and transportation services that can be scaled and customized to customers’ needs, based on market conditions, to meet the demands and delivery service requirements for their products.

Often, services exceed logistics to include value-added services related to the production or procurement of goods, such as services that integrate parts of the supply chain.

A provider of such integrated services is referenced as a third-party supply chain management provider (3PSCM), or as a supply chain management service provider (SCMSP). 3PL targets particular functions within supply management, such as warehousing, transportation, or raw material provision.

Source en.wikipedia.org  PDF 159KB

 

Thursday, August 29, 2019 Informative

What is an Ocean Transportation Intermediary (OTI)?

An ocean transportation intermediary (OTI) is a company that is licensed by the Federal Maritime Commission (FMC) to operate in the United States as an ocean freight forwarder, non-vessel operating common carrier (NVOCC), or both.

How to Apply for an OTI License. www.fmc.gov

 

What is an OTI Bond?

OTI bonds are required by the Federal Maritime Commission (FMC) from all ocean freight forwarders (OFFs) and non-vessel-operating common carriers (NVOCCs) who wish to become licensed as ocean transportation intermediaries (OTI) and operate in the United States.

The cost of your OTI bond depends on its bonding amount– whether it’s a $50,000, $75,000, $96,000, or $150,000 bond. When determining the rate or surety premium of a bond, sureties base it on the total bonding amount and make it a percentage thereof.

To determine your rate, sureties look at your personal credit score first and foremost, and at other financial and business-related items, such as your financial statements or industry experience.

If you have a high credit score and a solid business history you can expect to receive a standard market rate: from 1%-5% of the total amount of your bond. If your credit score isn’t that high, the surety will typically offer a rate that’s between 5%-10% of the bonding amount.

So, to obtain a NVOCC bond at standard rates for a licensed U.S. entity you would have to pay between $750 and $3,750.

For complete details visit Lance Surety Bonds website. www.suretybonds.org
Complete List of Registered OTIs / NVOCCs 2019 By FMC Records 364KB

 

Thursday, August 29, 2019 General

Google is moving Pixel production from China to an old Nokia factory in Vietnampermalink

www.theverge.com

Chaim Gartenberg / Verge

Google is said to be starting by shifting some of the Pixel 3A’s manufacturing to the Vietnam plant, with the goal of moving production there before the end of this year. New products are still expected to be built in China for now, which likely will include the forthcoming Pixel 4. Google isn’t the only company eying Vietnam for phone production: an earlier Nikkei report notes that Apple may be looking to shift between 15 to 30 percent of iPhone production to Vietnam and India to avoid tariffs, too.

Honestly I had been skeptical of Vietnam’s production and infrastructure capabilities. But it seems like they can still produce / assemble high-end consumer electronics too. Along with Malaysia, Taiwan and India to avoid tariffs. However as the article noted, the next iteration of Pixel Phones 4, still to be built in China.

Further Reading
Lauly Li / asia.nikkei.com
Apple weighs 15%-30% capacity shift out of China amid trade war

Apple has asked its major suppliers to evaluate the cost implications of shifting 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a fundamental restructuring of its supply chain, the Nikkei Asian Review has learned.

 

Monday, August 26, 2019 Statistics

Top 50 Container Sea Ports 2014-2018

Yearly Volume in Million of TEUs.

Rank Port 2018 2017 2016 2015 2014
1 Shanghai, China 42.01 40.23 37.13 36.54 35.29
2 Singapore 36.6 33.67 30.9 30.92 33.87
3 Shenzhen, China 27.74 25.21 23.97 24.2 24.03
4 Ningbo-Zhoushan, China 26.35 24.61 21.6 20.63 19.45
5 Guangzhou Harbor, China 21.87 20.37 18.85 17.22 16.16
6 Busan, South Korea 21.66 20.49 19.85 19.45 18.65
7 Hong Kong, S.A.R, China 19.6 20.76 19.81 20.07 22.23
8 Qingdao, China 18.26 18.3 18.01 17.47 16.62
9 Tianjin, China 16 15.07 14.49 14.11 14.05
10 Jebel Ali, Dubai, United Arab Emirates 14.95 15.37 15.73 15.6 15.25
11 Rotterdam, The Netherlands 14.51 13.73 12.38 12.23 12.3
12 Port Klang, Malaysia 12.32 13.73 13.2 11.89 10.95
13 Antwerp, Belgium 11.1 10.45 10.04 9.65 8.98
14 Kaohsiung, Taiwan, China 10.45 10.27 10.46 10.26 10.59
15 Xiamen, China 10 10.38 9.61 9.18 10.13
16 Dalian, China 9.77 9.7 9.61 9.45 10.13
17 Los Angeles, U.S.A 9.46 9.43 8.86 8.16 8.33
18 Tanjung Pelepas, Malaysia 8.96 8.38 8.28 9.1 8.5
19 Hamburg, Germany 8.73 8.86 8.91 8.82 9.73
20 Long Beach, U.S.A. 8.09 7.54 6.8 7.19 6.82
21 Laem Chabang, Thailand 8.07 7.78 7.22 6.82 6.58
22 Tanjung Priok, Jakarta, Indonesia 7.64 6.09 5.51 5.2 5.77
23 New York-New Jersey, U.S.A. 7.2 6.71 6.25 6.37 5.77
24 Colombo, Sri Lanka 7.05 6.21 5.73 5.19 4.91
25 Yingkou, China 6.5 6.28 6.08 5.92 5.77
26 Ho Chi Minh City, Vietnam 6.33 6.16 5.99 5.31 6.39
27 Bremen/Bremerhaven,Germany 5.42 5.51 5.49 5.48 5.78
28 Manila, Philippines 5.05 4.82 4.52 4.23 3.65
29 Jawarharlal Nehru Port (Nhava Sheva), India 5.05 4.83 4.51 4.49 4.45
30 Piraeus, Greece 4.91 4.15 3.73 3.37 3.59
31 Algeciras, Spain 4.77 4.39 4.76 4.52 4.56
32 Lianyunguang, China 4.75 4.72 4.7 5.01 5.01
33 Tokyo, Japan 4.57 4.5 4.25
34 Mundra, India 4.44 4.24 4.8 2.99 2.7
35 Savannah, U.S.A 4.35 4.05 3.64 3.74 3.35
36 Jeddah, Saudi Arabia 4.12 4.15 3.96 4.19 4.2
37 Santos, Brazil 4.12 3.85 3.6 3.78 3.68
38 Rizhao, China 4 3.24 3.01
39 Colon, Panama 3.89 3.89 3.26 3.58 3.29
40 Felixstowe, U.K. 3.85 4.3 4.1 4 3.74
41 Seattle-Tacoma NW Seaport Alliance, U.S.A. 3.8 3.7 3.62 3.53 3.43
42 Dongguan, China 3.5 3.91 3.64
43 Tanger Med, Morocco 3.47 3.31 2.96
44 Barcelona, Spain 3.42 2.97 2.23
45 Vancouver, Canada 3.4 3.25 2.92
46 Salalah, Oman 3.39 3.94 3.32 2.57 2.96
47 Fuzhou, China 3.34 3.01 2.66
48 Marsaxlokk, Malta 3.31 3.15 3.08 3.06 2.9
49 Nanjing, China 3.23 3.17 3.08 2.94
50 Cai Mep, Vietnam 3.2 3.07 2.56

Rank No. 1 Shanghai, China. 2014-2018 Volume in Millions of TEUs. We shall find out after the end of FY 2019, If Shanghai could maintain its volume increase YoY post the tradewar.

Top 10 Container Seaports in terms of Yearly Volume in Millions of TEUs from 2014-2018

 

Top 50 Container Seaports 2014-2018 57KB

Source data: The Journal of Commerce annual Top 50 World Container Ports, Lloyd’s List annual Top 100 Ports, AAPA World Port Rankings, Drewry World Container Traffic Port Handling and individual port websites, American Journal of Transportation Top 100 ports.

Tuesday, August 20, 2019 Informative

EuroAirport Basel Mulhouse Freiburgpermalink

en.wikipedia.org

EuroAirport is one of the few airports in the world operated jointly by two countries, in this case France and Switzerland. It is governed by a 1949 international convention. The headquarters of the airport’s operations are located in Blotzheim, France. The airport is located completely on French soil; however, it has a Swiss customs area connected to Basel by a 2.5 km (1.6 mi) long customs road, thus allowing air travelers access into Switzerland bypassing French customs clearance. The airport is operated via a state treaty established in 1946 wherein the two countries (Switzerland and France) are granted access to the airport without any customs or other border restrictions. The airport’s board has 8 members each from France and Switzerland and two advisers from Germany.

This airport has three different IATA airport codes: BSL (Basel) is the Swiss code, MLH (Mulhouse) is the French code and EAP (EuroAirport) is the neutral code.

And It could possibly have four, if Germany had wanted to assign it of their own too. Normally all airports are assigned a single IATA airport code.

Saturday, August 17, 2019 Informative

Ocean Carrier SCAC Code List

Carrier Name (Abbreviated) Carrier Name SCAC code
ACL Atlantic Container Line ACLU
Alianca Alianca ANRM
AML Alaska Marine Lines AKMR
ANL Australia National Line ANNU
APL American President Lines APLU
Arkas Arkas Container Transport S.A. ARKU
ARRC Atlantic Ro-Ro Carriers Inc AROF
Bahri Bahri / National Shipping Company of Saudi Arabia NSAU
BCL Bermuda Container Line BCLU
CGL Central Gulf Lines, Inc CEGL
CCNI Compagnia Chilena de Navigacion Interoceanica SA CNIU
CHIPOLBROK Chinese-Polish Joint Stock Shipping Company CPJQ
CMA CGM Compagnie Maritime d Affretement Compagnie Generale Maritime CMDU
CNC Line Cheng Lie Navigation Co.,Ltd 11DX
COSCO COSCO Container Lines COSU
Crowley Crowley CMCU/CAMN
CSAV Compania Sud Americana de Vapores CHIW
CSAV Norasia CSAV Norasia NSLU
CSCL China Shipping Container Lines Co CHNJ
Delmas Delmas DAAE
Dole Dole Ocean Cargo Express DOLQ
Ecuadorian Line Ecuadorian Line EQLI
Eimskip Eimskip EIMU/EIMW
Emirates Emirates Shipping Line ESPU
Eukor Eukor EUKO
Evergreen Evergreen Line EGLV
FESCO Far Eastern Shipping Company FESO
GAL Galborg GFAL
Grieg Star Grieg Star Shipping ACSU
Grimaldi Grimaldi GRIU
GSL Gold Star Line Ltd. GSLU
GWF Great White Fleet UBCU
GES Great Eastern Shipping Inc. GESC
HAMBURG SUD Hamburg Sud SUDU
Hapag Lloyd Hapag Lloyd Container Line HLCU
HMM Hyundai Merchant Marine Co., Ltd. HDMU
Hoegh Hoegh Autoliners HUAU
Horizon Horizon Lines HRZU
Hyde Shipping Hyde Shipping HYDU
ICL Independent Container Line IILU
IMC Industrial Maritime Carriers (Intermarine) IDMC
Interocean Lines Interocean Lines INOC
K Line Kawasaki Kisen Kaisha, Ltd. KKLU
King Ocean King Ocean Services KOSL
KMTC Korea Marine Transport Co., Ltd. KMTU
Libra Companhia Libra de Navegacao CLIB
LGL Liberty Global Logistics, LLC LGLT
Linea Messina Linea Messina LMCU
Maersk Maersk Line MAEU
Marfret Marfret Compagnie Maritime MFTU
Maruba Maruba MRUB
Matson Matson MATS
MCC MCC Transport Pte. Ltd. MCCQ
MISC Malaysia International Shipping Corporation Berhad MISC
MSC Mediterranean Shipping Company MSCU
NDS Nile Dutch Africa Line NIDU
Neptune Neptune Shipping Line NOSU
Nordana Nordana Line NODA
Ocean Network Express Ocean Network Express (ONE Line) ONEY
OOCL Orient Overseas Container Line Ltd. OOLU
PHT Pasha Hawaii Transport Lines PSHI
PIL Pacific International Lines PCIU
PMO PM&O Lines PMOL
PL Polynesia Line PLLU
Rickmers Line Rickmers Linie RCKI
Safmarine Safmarine SAFM
Sallaum Sallaum Lines SLAQ
SAM Samskip, Inc. SKII
SCI The Shipping Coporation of India Ltd. SCIU
Seaboard Marine Seaboard Marine SMLU
SeaFreight SeaFreight Line SEFN
Seago Seago Line SEJJ
Siem Car Siem Car Carriers AS SCYE
Sinokor Sinokor Merchant Marine Co.,Ltd SKLU
Swire Swire Shipping CHVW
TS Thorco Shipping THZS
TSC TOHO Shipping Co., Ltd TOHO
TOT TOTE Maritime TOTE
Turkon Turkon Line Inc TRKU
UAL Universal Africa Lines UALC
USL US Lines USLU
WEC West European Container Lines WECU
Westwood Westwood Shipping Lines WWSU
WHL Wan Hai Lines 22AA
WLS World Logistics Service (USA) Inc WDLS
WWL Wallenius Wilhelmsen Logistics WLWH
YML Yang Ming Line YMLU
ZIM ZIM Integrated Shipping Services Ltd ZIMU
Ocean Carrier SCAC Code List 53KB

 

Saturday, August 17, 2019 Statistics

Maersk Interim Report Q2 2019permalink

www.hellenicshippingnews.com

“Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year. Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134m from USD 15m in Q2 2018.”

Maersk Interim Report Q2 2019 3.2MB

 

Ocean (USD Million) Q2 2019 Vs Q2 2018
2019 2018
Revenue 7,150 6,952
EBITDA 1,068 856
CAPEX 314 549