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UPDATE - ASIA VOLUMES - GRANT DALY - SEPT/OCTOBER 09
Safmarine's South African-born Asia Region Executive Grant Daly:
-Safmarine's third quarter volumes from the Asia region have improved as a result of unprecedented low inventory levels and subsequent restocking orders coinciding, rather timeously, with the traditional peak season. 
-Volumes have increased significantly on all Asia trades through the peak and revenues have improved as a result of rate restoration initiatives on all services.  The rate restoration initiatives were important; current market conditions for container shipping remain poor and are totally unsustainable, so the rates had to go up.
-Third quarter volume growth ex Asia to Africa has been the most positive of all Safmarine's ex-Asia trades. However, accompanying the increase in Asia-Africa volumes is an increase in competition on a number of Africa trades, notably the Asia-West Africa trade. We have responded to the increased competition by ensuring we provide the most competitive and reliable product. We view the increase in  competition as an opportunity to demonstrate and further refine the personal attention and service that has been Safmarine's key differentiator.

* - Safmarine's Asia Region covers 11 markets and is divided into three areas: Greater China Area (China, Hong Kong, Taiwan), South East Asia (Singapore, Malaysia, Indonesia, Thailand, Philippines, Vietnam) and North East Asia (Japan and Korea).

As at 17 September 2009
ASSOCIATED DOWNLOAD FILES
Posted Date Title Size Download
1. 19/Oct/2005 People - Grant Daly 876.71 KB
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