China Starts operations at Gwadar Port as Pakistan Navy Ready to Protect CPEC Route

China Overseas Holdings Limited takes the control of Gwadar Port for next 43 years and Pakistan Navy expressed the security commitments

A Chinese firm has officially taken full control of Gwadar Port of Pakistan under the Free-Trade zone agreement for 43 years with Pakistan. On other hand, Chief of the Naval Staff, Admiral Mohammad Zakaullah of Pakistan Navy has committed to protect the China Pakistan Economic Corridor Route and provide fool proof security on the sea route. He confirmed to offer security “against all asymmetric threats under the prevalent precarious internal and external security environment.”

What Admiral Said?

The chief of Naval Staff, Admiral Zakaullah visited Makran Coast Naval unit on Saturday followed by a visit to Jinnah naval base in Ormara and a unit in Pasni, Gwadar and Jiwani to witness the operational readiness of these units.

What he addressed?

The naval chief during his visit to coastal areas of Baluchistan, he oversee all business affairs and operations of the port and was given a detailed briefing on the security risks linked to the port.  The chief said that Gwadar was cardinal to China and Pakistan Economic Corridor and the routes connecting the countries via sea. Gwadar will connect the region with outer world. It is the great responsibility of naval forces to provide peaceful environment for the business operations at the port. He further said that Pakistan Navy is fully ready to achieve the purposes of SEASPARK15 program. 

What China Said?

China has formally taken over the port operations and all business affairs of the port. Chinese foreign ministry spokesman Hong Lei says that this initiative of development by both governments of China and Pakistan will go very long and continue to promote development in the region. He said, "Chinese enterprise's appointment at the management of the Gwadar Port is a commercial program under economic and trade cooperation of China and Pakistan, and a part of the two countries' friendly and mutually beneficial cooperation".

Is Gwadar that crucial?

Yes certainly the Port of Gwadar is a charm and best business location on western coasts of Pakistan.
 You can find out affordable sea cargo from UK to Pakistan online to send your parcels.
 It is a deep sea port that sits very next to the Strait of Hormuz which is the gateway to the world of oil in the region.  China plans to make Gwadar a transportation Hub under the China Pakistan Economic Corridor scheme. China is working on a 3000 km long railway track from Gwadar to Xinjiang in western China.

DHL connects five major Asian countries via Road

DHL’s united road freight network between Asian countries will be profitable for future economic initiatives to stimulate trade.

DHL Global Forwarding is providing  air, sea and road freight services in Europe and Asia. DHL has turned out  a united road freight network that connects five Asian cities that are Singapore, Penang, Bangkok, Hanoi and Shenzhen. This road freight service between five cities of Asia hits the speed of road freight growth in Asia, which is estimated at an expected compound annual growth rate of 8.3 percent from 2014-2019 and anticipated to move the sector to a value of US$822 billion  by the end of 2019.

Road freight service is more rapid than other modes of transportation 

Road freight is a good alternative then other shipping methods. Road freight service is  providing a more profitable alternative than air and sea freight. Moreover, the shipping  time for sea freight between Shenzhen and Bangkok takes thirteen days while the road freight service  only takes five days. The road freight service takes less time as compared to sea freight and it is less expensive than sea and air freight. There are regular departures from five cities and an example of the transportation time is as, shipping time from Singapore to Penang is one day, Bangkok to Hanoi is three days, Shenzhen to Hanoi two days, Shenzhen to Bangkok five days and from Penang to Shenzhen six days. According to CEO, DHL Asia Kelvin Leung that the company is confident that the trade in Asia Pacific region will continue to increase and the road freight network is also ready to help in the expansion of trade.   

DHL’s integrated road freight network will be profitable and trade stimulating

DHL’s road freight service is a profitable service and also helpful in stimulating the economy.

This  road freight network will be useful for coming financial initiatives supporting trade, having laid the foundation that already connects crucial Asian markets. For example, the ASEAN Economic Community (AEC) aims to build a single ASEAN market. The plan covers cross-border collaboration in many areas comprising capacity building, improved groundwork and communication connectivity, and the improvement of electronic dealings. For good results, AEC will direct a prosperous ASEAN region among the free movement of imports, services and investment. According to CEO, DHL Global Forwarding ASEAN and South Asia Thomas Tieber, that Thailand has a striking chance to make itself as a strong logistic hub in ASEAN.  

Air Bridge Cargo and the Russian market

The air bridge cargo services are facing a newfound pressure with CIS region stressing and pressuring the business. 

A spokesman for the Air bridge cargo service speaking at a conference stated that aside from the challenging market situation there are opportunities and possibilities that can be considered in Russia.

His statement has thus led air bridge cargo services to think further regarding the services they are offering to the Russian market. The pressure is now on as it is believed that the Russian market can increase growth rate and become a solid and steady investor for the industry. Despite the falls there are solid possibility’s and the business is being stressed to do something more. 

The air bridge cargo services currently use three aircrafts for freighter services, the aircraft b737 as well as fifteen Boeing 747 models. The aim of using these carriers is to link the airports around the country and reach a larger scale with efficiency and whilst maximizing the beneifts.

The spokesman Oleg Makushkin also spoke about the fall that was seen in the imports sector of Russia and compared it to the previous year stating a 35 per cent fall.  CIS when compared showed a fall of 25 per cent signifying that action should be taken to increase these rates once again.

The financial aspect of these services seemed to waver and become unstable with a decrease reported. The local currency also fell and limits were changed by the banks and these added to the instability that the market was already facing.

 At present, the market is in a pitiful situation and professionals, specialists and workers are in agreement that the Russian market is falling and decreasing with little sign of improvement. These serious reports put serious pressure on the industry.

On a more positive note a small growth is expected in profits over the next 20 years and is specifically predicted for the CIS area. If steps and necessary evaluation and adaptations take place the market can be improved from the state it is currently in although how significantly it can be improved is unclear at this moment.

Asia-Europe Freight Shipping Rates In The Gyre

Asia-Europe shipping rates of freight services continued reporting declines from 15-weeks – due to volume declines

CARGO SHIP

The spot rates of freight services continuously decreasing since 15 weeks, due to decline in volume. Due to this downfall in volumes, the revenue of the freight companies is greatly affected. it is a situation of high and dry for the freight carrier services to down the revenue back again. the major reason of the declination of spot rates was the drop of the head haul volumes. on the other hand, china’s golden week holiday put a strong impression on trades and shows continuous fall. after golden week holiday of china, carriers start freight services from shanghai containerized freight index described more drop on two major trades of scfi. 

The spot rates of cargo services between north europe and shanghai cut down by 54 dollars this week, reporting 259 dollars per teu as a final value. this year reported the least spot rate as compared to the all decreased values spot rates. on the other hand, mediterranean port’s spot rates also decreased by 69 dollars, reporting 224 dollars per teu as a final value.

SHANGHAI EXCHANGE

in spite of succeeding healthy fundamentals of the market, the spot rates of freight services belonging to transpacific also continued fall. the spot rates cut down to 94 dollars and 119 dollars towards the west and east coasts of us. it is told that the spot rates went low and reaching 1,197 dollars per 40 feet for pacific coast and stated 2,199 dollars per 40 feet for the atlantic.

From these statics  it is very much clear that the latest gri planned by asia-europe carrier companies in september have no effect on the spot rates of freight services. it is seen that the gris of 1000 dollars, driving the spot rates to rise for about two weeks at the start of the month, before showing the loss of gains and more while the rest of the month. from this information, carrier companies have planned to throw more gris in a range of 950 dollars to 1,200 dollars per teu, in between north europe and asia, which may come into result from november 1st, 2015. 

CARGO SHIP

it is estimated that the new gri offers would rise the spot rates of cargo rates, which likened with the full world, would lead to 500 percent increase in spot rates.the present condition of trades of asia-europe shipping rates shows that there will be a continuance in it, mostly in between geneva and copenhagen at least for some future weeks.

Asia-Europe Freight Shipping Rates In The Gyre

Asia-Europe shipping rates of freight services continued reporting declines from 15-weeks – due to volume declines

cargo ship

The spot rates of freight services continuously decreasing since 15 weeks, due to decline in volume. Due to this downfall in volumes, the revenue of the freight companies is greatly affected. it is a situation of high and dry for the freight carrier services to down the revenue back again. the major reason of the declination of spot rates was the drop of the head haul volumes. on the other hand, china’s golden week holiday put a strong impression on trades and shows continuous fall. after golden week holiday of china, carriers start freight services from shanghai containerized freight index described more drop on two major trades of scfi.

The spot rates of cargo services between north europe and shanghai cut down by 54 dollars this week, reporting 259 dollars per teu as a final value. this year reported the least spot rate as compared to the all decreased values spot rates. on the other hand, mediterranean port’s spot rates also decreased by 69 dollars, reporting 224 dollars per teu as a final value.

graph bar

In spite of succeeding healthy fundamentals of the market, the spot rates of freight services belonging to transpacific also continued fall. the spot rates cut down to 94 dollars and 119 dollars towards the west and east coasts of us. it is told that the spot rates went low and reaching 1,197 dollars per 40 feet for pacific coast and stated 2,199 dollars per 40 feet for the atlantic.

From these statics  it is very much clear that the latest gri planned by asia-europe carrier companies in september have no effect on the spot rates of freight services. it is seen that the gris of 1000 dollars, driving the spot rates to rise for about two weeks at the start of the month, before showing the loss of gains and more while the rest of the month. from this information, carrier companies have planned to throw more gris in a range of 950 dollars to 1,200 dollars per teu, in between north europe and asia, which may come into result from november 1st, 2015.

europe to asia

It is estimated that the new gri offers would rise the spot rates of cargo rates, which likened with the full world, would lead to 500 percent increase in spot rates.the present condition of trades of asia-europe shipping rates shows that there will be a continuance in it, mostly in between geneva and copenhagen at least for some future weeks. For cheap sea cargo services to Pakistan, Astarcargo.co.uk is a best and reliable company for sea cargo to Pakistan.