Shipping review

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Part of The American Chamber of Commerce Journal

Title: Shipping review
Language: English
Source: The American Chamber of Commerce Journal Volume XVIII (Issue No. 6) June 1938
Year: 1938
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Fulltext: June, 1938 THE AMERICAN CHAMBER OF COMMERCE JOURNAL 43 SHIPPING REVIEW By H. M. CAVENDER General Agent—Dollar Steamship Lines We can take scant comfort in studying the export movement for April—it amount ed to 261,559 revenue tons or 70,000 tons less than in March. The figures are an improvement over those for April 19:17 — 222,745 revenue tons. This slump as com pared to March is mainly in the major commodities list. The carriers arc looking for business and find ing it increasingly difficult to book their allotments. New comers in the carrying trade are facing a discouraging situation. The price of sugar slowly dropped and the shipments for April were 101,207 tons only—96,647 tons of centrifugal and 4560 tons of refined—all to the United States trade. This brings the total movement, for six months 1937-1938 season to 509,846 tons. The sugar refiners have shipped only 18,962 tons during the six months. The desiccated coconut mills are still working below capacity and the movement was 4553 tons (40 cu. ft). This is a slight increase over the March movement. The United States trade took 13,851 tons of coconut oil in bulk and China 112 tons in containers, a total of 13,963 tons. This is a falling off in the United States trade and in the total. Europe took none in either March or April. The copra trade in volume shows a slight gain, shipments to the United States were 19,660 tons— Europe 1300 tons—Japan 171 tons—total 21,131 tons. Cake and meal shipments were 2944 tons to the United States and 3900 tons to Europe—a total of 6844 tons. Hemp shipments show a slight gain of 700 bales over March. Shipments were made over the following destination range—to United States 13,782 bales, Canada 500 bales, China 2304 bales, Japan 33,020 bales, Europe 42,575 and miscel laneous destinations 4747 bales. The United States and Japan buying show slight increases. The total movement was 96,928 bales. The only ores taken by the United States were 494 tons of gold concentrates ship ped to Tacoma smelter for reduction. No chromite or manganese moved to the United States as there seems to be a surplus now on hand in that market. Japan was the only customer of moment—taking 64,450 tons of iron ore from the A G & P mines and 5855 tons from the Samar Mine, 168 tons of chromite, 550 tons of copper ore and 3700 tons of manganese. Europe took 50C tons chromite. The total movement was 75,717 tons. The shipments of lumber and logs amounted to 6,053,204 board feet. The United States got a little less than 2 million feet, Japan 3-1/2 million feet, Europe 666,000 feet, Australia, South Africa and China the remainder. Cigars amounting to 663 tons (40 cu. ft.) is normal but the tobacco shipments dropped to only 737 tons. Embroidery sh:pments were also normal—216 tons. The mango business is in full swing—Hongkong and Shanghai taking 273 tons. Increases are noted in alcohol, furniture, gums, rub ber, hides and cutch. Decreases are noted in junk metal, kapok, molasses, pineapples, rope, vegetable lard and margarine and in liquors. The transit cargo movement was 2696 tons, much of which was Shanghai distressed cargo. We note a movement of canned tuna fish from Zamboanga to the United States. From statistics compiled by the Associa ted Steamship Lines during the month of April there were exported from the Philip pine Islands the following:— (Next page, please) gj^"* in "SPEED" The flagship of the Fleet, the S. S. Corregidor—is the fastest ship in the Orient and rated by Lloyd’s register as one of the fastest in the World. g^~ in "AVAILABILITY" Thirteen well-equipped ships for passage and freight connect ing Thirty-One Ports of Call south of Manila with Maritima agents ready to serve. g|^ in "SERVICE" gj^~ in "ECONOMY" Moderate prices at the conven ience of all travellers. The varied connections on ‘‘thru tic kets” make the trip economical. The tourist ship—S.S. Basilan has elicited the enthusiastic praises of all travellers for the cuisine and luxurious comfort enjoyed. IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OE COMMERCE JOURNAL 44 THE AMERICAN CHAMBER OF COMMERCE JOURNAL June, 1938 You get comfort when you sail on these ships equipped with all the latest facilities including talking picture ma chines to bring you your fa vorite screen stars; masonite dance floors; roomy, air-con ditioned cabins; and magnifi cent bars! Wholesome appe tizing meals are served and the traditional Elizalde ser vice will make your days on the high seas... Tops! Write to Elizalde & Co., Ine. for your reservations! Let the Elizalde Tourist Bureau plan a delightful two-week trip of beautiful sceneries and complete relaxation for you on the luxury ships “LANAO” and “BISAYAS.” total of 94 sailing (Average 2782 tons per vessel of which 28,332 tons were carried in American bottoms with 10 sailings (Average 2833 ions per vessel). With carried In American Mile 01 Which bollomt ■ilh To Toni Silllngi Toni tailinga China & Japan 95,906 49 776 5 Pacific Coast Local 24,666 16 12,222 6 Pacific Coast Overland Pacific Coast 733 8 337 4 Intercoastal Atlantic & Gulf 1,146 7 102 3 Ports 123,908 31 14,359 7 European Ports All other 12,744 15 47 1 ports 2,456 26 481 3 A Grand Total of 261,559 tons with a Copra and. . . (Continued from page 42) During the second half of the month two successive sales of copra were made to Mexico at the Coast equivalents of 1.95<J and 1.90<! respectively, which figures were unattractive to Pacific Coast buyers. In view of the general uncertainty, however, Pacific Coast mills did not buy heavily dur ing May. Shipments for the month totalled 20,000 tons with the proportion destined for Eu rope larger than for several months past. Copra stocks on hand at the end of the month were approximately double those available at the same period in 1937. Statistics for the month follow: Arrivals—Manila, 411,902 Sacks Cebu, 389,064 ” Shipments— Metric Tons Pacific Coast ........................... 8,777 Atlantic Coast ......................... 1,524 Gulf Ports ............................... 3,054 Europe .................................... 6,629 China and Japan ................... 164 Other Countries ....................... 145 Total ............................. 20,293 Stocks on hand— Beginning End of of Month Month Tons Tons Mamila ............. . 29,581 34,117 Cebu ............... . 31,227 33,346 COCONUT OIL—At the beginning of the month oil was being offered in New York at 3-1/4 cents c.i.f. and on the Coast at 3-1/8 cents f.o.b. with not much interest on the part of buyers in either position. As the month wore on some little business was done at these prices, but large con sumers were not interested because they were very ,well covered for their imme diate and near future requirements. The Coast demand was from small refiners, but lagged off before the middle of the month to occasional transactions at 3 cents f.o.b. During the last half of the month, buyers reduced their ideas and by the end of the 223 Dasmariiias Line VESSEL N D L SCHARNHORST SEA PEIPING HAL KOLMERLAND D S S L P. GARFIELD HEAL MEERKERK Manila Hongkong Batavia ♦Haiphong Jun 28 Jul 5 Jul 10 Jul 10 Jul IS G & S GLENAFARIC Jul 19 N D L POTSDAM Jul 26 D S S L P. ADAMS Aug 7 HAL DUISBURG Aug 7 HEAL SEROOSKERK Aug 15 N Y K HAKOZAKI M. M M ATHOS II P & O RAJPUTANA B F ANTENOR L T C. VERDE E A L J 8 CHILE P & O RANCHI P & O NALDERA B F HECTOR N Y K SUWA M. CONN. STR. Jul 2 „ Jul 7 „ Jul 9 Jun 29 Jul 16 CONN. STR. Jul 16 Jun 25 „ Jul 23 ,, Jul 27 „ Jul 30 M M M. JOFFRE CONN. STR. Jun 23 M M J. LABORDE „ Jul 21 W L TRITON Jul 15 C R DESIRADE »Jul 11 C R C. ST. JACQUES *Aug 8 N L R D M M. VAN ST. A. CONN. STR. Legend— DSSL —Dollar Steamship Line P&O —'Peninsular & Oriental BF —Blue Funnel Line NYK —Nippon Yusen Kaisha MM —Mcssageries Maritimes LT —Lloyd Triestino NDL —Norddeutscher Lloyd CR —Chargeurs Reunis EALJS—East Asiatic Line—Japan Service month oil was being offered without suc cess in New York at 3 cents c.i.f. and buy ers’ ideas on the Coast were not over 2-5/8 cents f.o.b. for prompt shipment with the possibility of 1/8 cent better for early 1939 deliveries. The volume of business done during May was relatively small and the outlook for substantial consumption of coco nut oil during the second half of 1938 was anything but promising. Shipments during May totalled 12,500 tons, which is considered light. Statistics for the month follow: Shipments— Metric Tons Pacific Coast ........................... 1,515 Atlantic Coast ......................... 9,335 Gulf Ports ............................... 1,264 Europe .................................... 320 China and Japan ................... 113 Other Countries ..................... 23 Total ............................. 12,570 Stocks on hand— Beginning of Month Tons End of Month Tons Manila and Cebu 17,425 15,802 COPRA CAKE AND ME AL—'The co pra cake market, which was very dull dur ing the last half of April, showed signs of improving shortly after the middle of May, and advanced to a. point where business could be done at as high as $33.00 (Please turn to page 46) IN RESPONDING TO ADVERTISEMENTS PLEASE MENTION THE AMERICAN CHAMBER OF COMMERCE JOURNAL