Archive for the 'Shipping Containers' Category


Arctic Ice Melt Clears the Way for Shipping

It’s unfortunate for future generations, the damage we have caused to our Earth. While it is a sad truth that our children and grandchildren will definitely feel the heat from, there are opportunities that are arising at their expense. My father used to tell me, “When one door shuts, another opens.” Although this is not exactly a perfect example of a door being open or closed, and the damage we’ve done is a shame, possibilities are coming to light that will make trade easier.

IcebergsGlobal Shipping Impact

Arctic sea ice is melting at a near-record pace. This event is opening shipping lanes for cargo traffic between Europe and Asia, said Russia’s environmental agency.

The ice coverage is 56% less than average in some areas, allowing “very easy” sailing that will persist through September, the Moscow-based service said.

Melting ice is making it easier for Russian and other European shippers to ship to Asia via the northern sea route, which is about  a third shorter than the Rotterdam-Yokohama route through the Suez Canal. This obviously saves time, fuel puts products in consumers hands quicker, and adds to the bottom line of shipping companies.

Iceland’s President Olafur Ragnar Grimsson said last year that the pace of global warming in the Arctic is three-times faster than elsewhere else, cutting journeys between Asia, Europe and America by as much as half.

On their website, July 18th, the U.S. National Snow and Data Center reported that melting occurred “at a rapid pace through the first half of July and is now tracking below the year 2007, which saw the record minimum.”

Unfortunate but Profitable

As more shipping lanes open up, there is no reason not to take advantage of the faster, more economical solutions. Now it seems as though it’s a window that has opened until September. Maybe in a few years time it will be permanent. Time will only tell. We have done an excellent job of cutting emissions and slowing the global environmental impact we are making and thus can only wait to see what happens.

Image: IziSmile

Sources: HellenicShipping, Bloomberg


Korean Staggering Investment in Ports

South Korean’s were ahead of the game earlier year and late last year when they beefed up their container fleets. It seems that they are at it again with the government’s latest report to expand port infrastructure in the booming Asian country.

South KoreaGrowth Everywhere

In March of this year, economists upgraded South Korea’s 2010 GDP growth, from 6.1% to 6.2%. 2010’s growth rate was the fastest in 8 years.

“The growth of the Korean economy accelerated last year, helped by a sharp upturn in facilities investment, expanded exports and a pickup of growth in private consumption,” the Bank of Korea said in a statement.

Last year’s growth in Asia’s fourth largest economy was the fastest since 2002, when the economy expanded 7.2 percent.

Investing where it counts

All of this leaves no reason to doubt their latest plans of expansion at the ports that was announced earlier this week when the government said it plans to invest $38.9 billion through until 2020.

According to reports, the investment will be used to build more piers at seaports to increase the country’s annual cargo-processing capacity from 1.21 billion tonnes to 1.81 billion tonnes per year. If the picture needed to be even brighter, the Minister of Land, Transport and Maritime said that planned investment would raise over half a million jobs between now and 2020 and the value of the port would be projected, when finished, at USD 37.8 billion.

South Korea has all their men on base and Mr. Clutch is stepping up to the plate to deliver a huge welcome home party for all the industries involved in trade and business on the Northern Asian peninsula.

Businesses are Leading the Standing Ovation

Not only are the clapping and popping bottles of champagne right now, businesses in South Korea are planning for a massive influx of business. Industry in Japan has taken a serious hit from the Earthquake and subsequent tsunami in April of this year. South Korea has been slowly albeit, not so quietly building their reputation through quality products and innovations that demand attention on the world-wide scene.

Samsung, Daewoo, Hyundai, LG, and many others that you may not have heard of, but whose products you definitely use without even know it have been building solid products with solid reputations for years. Bigger more efficient ports make getting them to your doorstep a whole lot easier and cheaper. Look for more of them right under your nose in years to come.

And who else better to bring them to you and your neighbors? Let Pacific Tycoon show you how container ownership can put money in your pocket while you participate in the growth all over Asia.

Image: TexasAtAustin

Sources: WorldMaritimeNews


DP World Adds Big Numbers to Dubai World Balance Sheet

Dubai has been like Disney World for Asia. Up until the recent financial troubles of some of the larger builders, who like the rest of the world had eyes bigger than their pockets, the small country was a thing where only the imagination limited the possibilities. Although, the problems of building too quickly bit them in the pants, there is one savior that comes riding in on its white stallion of higher numbers: Containers!

Dubai, DP World

Steady profits

DP World ( the port business side of the larger conglomerate) said earlier this week an 11-percent rise in container volumes for the first six months of 2011, would result in “significant improvement” in the their profitability for the period. The performance was driven by strong growth in the Asia-Pacific, UAE, Africa and Americas regions, as well as new volumes from the recently opened capacity in Callao, Peru and Qingdao, China.

“Our portfolio of consolidated terminals handled 13.5 million TEUs in the first six months of the year. Had our five terminals in Australia not been deconsolidated from March 12, 2011, the consolidated terminals would have delivered 10 per cent growth ahead of the same six-month period in 2010. Like-for-like consolidated volume growth in the first half was 8 per cent,” they added.

Recently DP World has continued to invest in new capacity and its developments in Vallarpadam, India, and Karachi, Pakistan, both opened in the first quarter of the year, are making good progress.

“The UAE handled 6.1 million TEUs in the first six months of the year, with a record 3.1 million TEUs handled during April, May and June. Whilst the first six months delivered a growth of 11 per cent ahead of the same period last year, as we reported in the first quarter, this continues to reflect a relatively weak comparable period in the first half of 2010.”

DP World is considered one of the more profitable assets of debt-laden Dubai World and its investments in other foreign ports are paying off. The world’s third-largest port operator sold 75 percent of its Australian port operations for US$1.5 billion last year and its shares began trading on the London Stock Exchange last month. DP World also bought controlling interest in two port services firms in Suriname, South America last week for an amount not disclosed.


Image: TripAdvisor

Source: CargoNewsAsia, HinduBusinessLine


Nigerian Ports Pumping with Productivity

When speaking of increased container traffic and new port development, does Nigeria ring a bell? It should. We posted a nice spiel about Nigeria last month and the impact the development is having on industry, tech, and standards of living. To get an idea of what they have been up to and how they have handled the increase in business, keep reading.

The Farin Ruwa Falls in Nasarawa State NigeriaBusiness is Flowing

Last month we posted that the Nigerian port of Lagos was lining up ship after ship to its port, recording record docking numbers.  If anyone was worried about the increased traffic and how the port might handle it, no one on their end seemed to be stressing about it. Maybe that has something to do with the US$190 million in expansion and improvements that APM Terminals has invested into the facility, since assuming control in 2006.

And they’re not stopping their either. APM plans for another USD$80 million to be spent  to further modernize and upgrade the terminal that will lead to a projected expansion of operating capacity by another 50% as soon as the end of next year (2012).

While the terminal is no monster by comparison to those of other countries, it is the largest o the west coast of Africa. The current number of containers running through the port is over a three-quarters of a million each year, with the added investment bringing that total to well over a million by the end of next year.

Activity Everywhere

New cranes, dredging of the port and increased economic activity in the country are driving the import and export of goods through the roof.

“2010 to 2020 is bringing massive development to the African continent. As China continues to boom we will see the Chinese offer more large-scale infrastructure development to African governments in return for natural resources and farmland to support it’s vast population. In turn African countries are continuing to challenge old perceptions of corruption and violence through practicing better governance. Chart leader Ghana is one of Africa’s strongest democracies. African countries will continue to veer in favor of increased prosperity. The picture continues to be replacement of Western aid for Africa by Eastern trade with Africa.” Economy Watch

More than one helping hand

The Chinese have their hands in a little bit or a lot, actually, of everything. Good trade relations are needed with numerous countries as the Asian monster fuels it’s belly with energy for the massive growth its billion person population is causing. But, they’re not the only ones’.

The APM container terminal has introduced a new container scanning procedure in partnership with the Nigerian Customs Service (NCS) and Swiss run, inspection service provider Cotecna Destination Inspection Ltd. (CDIL) at Apapa Container Terminal, which increased scanning throughput by 62 percent in the program’s first week of operation, thus speeding container deliveries to customers.

The terminals now averages 126 containers scanned per day and congestion in the scanning area has been eliminated, which had previously resulted in delays of up to four days incurring hundreds of dollars in additional trucking fees.

APM Terminals Apapa process manager William Ross wants 200 containers daily to complete the scanning procedure. Mr Ross said,“This will help reduce the congestion that is associated with current clearance and scanning processes, improve productivity at our terminal and by reducing the cost burden on importers help boost trade.”

A well oiled machine

The ball is in the hands of the booming country and they are holding on strong to possession. There doesn’t seem to be anything that will get in their way. They have aligned themselves and partnered with the best in industry and trade. My father once told me, “If you want to be successful, you need to surround yourself with successful people.” Nigeria seems to have this formula secured.

At Pacific Tycoon, our offices in Asia, put us in the direct line of shipping that goes to countries like Nigeria, and other developing nations that require the space you rent them via container ownership. Don’t hesitate to give contact us. We’re here to help put your money to work and pay you very well.

Image: OnTheGlobe

Sources: EconomyWatch, CargoNewsAsia, APM Terminals, NigerianPortsAuthority



Malaysian Container traffic Up 10%

Asia is where we are located. It’s not dumb luck. In real estate, the old mantra is location, location, location. The same goes for container management. Not only are we located in the heart of Asia, we put the containers you already own or buy through us into the markets here that need them most. At this time, our location and the location of the driving demands of developing world consumers are in Asia. Africa is topping the list as beneficiaries of the next boom and it just so happens that a majority of the cargo that goes to and from the booming continent is manufactured, boxed and shipped from right in our front yard. 


Back to Asia

Malaysia is the most recent country in our territory to report booming trade reflected in container through-put. The amount of containers going through Malaysian ports increased 10.5% in the first half of this year, said Transport Minister Kong Cho Ha.

The minister said, “This reflected a booming container handling business in the country.”

Kong Co Ha reported that booming performance indicated that Malaysian ports are strategically located to handle containers to and from abroad.

He also disclosed that Port Klang and Port of Tanjung Pelepas last year succeeded in retaining their 13th and 17th position in the top 20 list of container ports in the world.

All that glitters…

Not only are the container ports booming but this year the tourist side of the Port Klang, which handles cruise ships was selected by Dream World Cruise Destination to be awarded as “Most economical Port Services.” The award relies on the port’s economical combination of pilotage, port agency services, custom clearance and smart operating relations with the operations departments of cruise liners.

Malaysia is just one of the destinations that we cater to when choosing the best destination for your container. Asia is our hub and the countries that we supply to are all growing at extremely high rates. We’re here to lease your containers and pay you very well. Contact Pacific Tycoon today.
Image: LimKokWingUniversity
Source: CargoNewsAsia, HaivenueTravel



Big Container Profits

It’s true that inflation has been a bit of a worry in India as of late, but it’s not the only thing that is increasing in the country. Although, big-ticket items have gotten further out of reach, doesn’t mean the development of the country isn’t moving ahead without too much of a hiccup.  You can put that thought to rest with Concor’s, the Indian leading supplier of transportation and logistics solutions, first quarter results.

Indian Train

Concor provides inland transport by rail for containers and it has also expanded to cover the management of Ports, air cargo complexes and establishing a cold-chain. The company posted 1st quarter results last week that were up 20.78% year over year. Here’s why this should grab your attention:

Container Shipping Improves Lives

Business analyst Tony Luckett believes the humble metal container has transformed the transport of goods over long distances. He goes as far as to say that modern containers facilitated globalization, along with cheaper manufacturing in the emerging markets, falling trade barriers and improved communications.

“Since being introduced, containerization has become the main method of shipping goods over the oceans. Load goods into a large, lockable metal box and you’ve got a watertight method of shipping items that is cheaper to handle (no loading and unloading of individually boxes or cartons), safer, and less exposed to ‘shrinkage’  (ie. stock going missing) during transport.”

“Containers offer fully intermodal freight transport, as the standard sizes used means that a container can, for example, be loaded at factory, dropped on the back of a lorry, driven to the port, loaded on a containership and then off-loaded directly on a rail at the other end.” Sea News Turkey.

More Demand. More Containers. More Ships.

India has been emerging as one of the fastest growing countries for years now as they have successfully captured service sector jobs from English-speaking countries. Cheap labor doesn’t last long, yet compared to western standards it’s still well worth the comparative expenditures.

Following well behind the jobs that have been ushered into the country is a boom in the economy that brings with it, supplies from all across the world to the millions of people who are pulling themselves up from the depths of poverty they once endured. Containers are the bearers of these fruits of labor and those involved in the container industry are reaping the benefits.

The end of 2011 and heading into 2012 are huge years for both the building and delivering of massive new containerships. Korean shipyards saw huge bursts of orders in the beginning of the year and the Chinese are following quickly as the year draws closer to the end.

There are billions of pocketbooks in the Asia-Pacific region calling for the delivery of goods that the people in charge of them require. From building supplies, luxury items, clothes, and food, all of these a simple place to store them for transport and delivery. Pacific Tycoon can help align you with these hungry mouths and help you profit by owning the space that this money is calling for.

Image: Life@Net

Sources: ConcorIndia, HellenicShipping, SeaNewsTurkey


Pirates: Beware of Containerships

The life and times of pirates have been glorified on the silver screen ever since movies became a popular diversion for people’s entertainment dollars. Their lives have been romanticized over and re-enacted by children in backyards with sticks and toy guns. The latest Johnny Depp Movie has grossed over USD 1 billion worldwide, making this saga one of the cinema’s most popular franchises of all time. But that’s where the suave and glamour end.


The Costs

Pirates on the seas, do nothing but drive up the costs of goods and services, cost innocent people their lives, and at the least separate the captive for months of not years from their family members and loved ones.

China Ocean Shipping (Group) Co. also known as Cosco is one of the companies that are fed up with the actions off the coast of Somalia and are taking actions into their own hands. They are prepared to spend USD 12 million to arm their ships with guards and other anti-piracy deterrents to protect them and the crew against the threat of piracy in the Gulf of Aden and the Indian Ocean.

Cosco, which owns around 80 ships – 20 registered in Hong Kong and 60 on the mainland and elsewhere – said the budget included the cost of bullet-proof vests for all crew and on-board equipment to both deter attacks and prevent pirates from taking control of vessels if they do board.

Guo Jin, Cosco Shipping’s chief operating officer, said if the company’s ships are unable to take alternative routes, such as via the Cape of Good Hope, and had to travel through high-risk areas, “then we will take some measures to defend ourselves. Our ships are relatively small, they are not so fast – about 15 knots – so we have to employ armed security.”

Pacific Basin Shipping, Wah Kwong Maritime Transport and Valles Steamship are among others of the leading Hong Kong owners that have expressed the view that armed guards have and would be used on board when called to action.

Chief operating officer, Jan Rindbo, of Pacific Basin Shipping, said there are “relatively few times every year” that the company’s ships pass through high-risk pirated waters in the Indian Ocean and Gulf of Aden. However, “The cost of these anti-piracy measures can amount to over $200,000 per transit, but this is largely factored into the freight rate and thus passed on to the charterers,” said Rindbo.

“While placing armed guards on board is not a solution to the piracy problem in itself, they have proved invaluable as a further deterrent and are part of our plan to make our ships less attractive to attackers. Increasingly, charterers are willing to bear the cost of these security measures and so ultimately this is going to be passed on to the consumer.”

Tim Huxley who is the chief executive of tanker and bulk carrier operator Wah Kwong Maritime Transport Holdings, has said the company has and will use armed guards when necessary.

Results are Needed

David Koo, head of tanker owner Valles Steamship, had been opposed to the use of armed guards because he thought it would escalate violence and that piracy needed a government solution.

But Koo, a former chairman of the Hong Kong Shipowners’ Association, said the industry had changed its view and was leaving it up to individual shipowners to decide whether to use armed guards. He said the use of armed security personnel “gave peace of mind for the crew”.

Your Containers

It’s about time that shipping companies took action. Governments are sitting on their bums when it comes to preventative action against these hooligans and if these are the precautionary measures that are needed, then so be it. The day of the swashbuckling pirates searching the seas for buried treasure and infinite life through fairy tales of mermaids and sea dragons are far gone.

At Pacific Tycoon, your container ownership is sealed and protected as each container is insured against damage, theft, or loss at sea. This insurance guarantees that your container is safe and sound no matter what happens to it. There are very few other vehicles you can put your money into that get a guaranteed rate of return and principle yet you still get to brag to your friends and family that it survived an attack by pirates.

Asia is where the money is flowing. From port to port and city to city across the developing region, Pacific Tycoon is here to make sure your containers are  protected, earning you top dollar ,and paying you monthly for the hard-work that put the two of you together in the first place.

Image: WaltDisney
Source: CargoNewsAsia

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