![]() ![]() Skin care brand Winona teamed up with dermatologists and used unique botanical ingredients to develop innovative formulas for sensitive skin. But traditional C-beauty brands such as Chando or Herborist have shown new potential through product development and strategies targeting younger generations, while emerging new brands such as Winona, Zhuben or Florasis have pushed ingredient and format innovation. In the past, consumers perceived C-beauty as the “cheaper substitute” for foreign brands. Improving product quality, not just as a cheaper substitute for foreign brands Five secrets behind the popularity of C-beauty 1. Since per capita consumption in China reached USD29 in skin care but only USD6 in colour cosmetics, there are ample opportunities for C-beauty to leverage post-COVID-19 recovery throughout 2023. Rapid new product development, consumer participation and “social selling” (livestreaming) are just some of the strategies that give C-beauty brands an edge. Increasing consumers’ confidence in domestic brands helped solidify C-beauty brands, which accounted for four of the top 10 brands in China’s skin care market in 2021. While the identity of the beneficial owner appears to be obscured, Crystal St.Petersburg is now classed by the Russian Maritime Register.China is the largest market for skin care and second largest for colour cosmetics, with a combined market size of USD49 billion in 2022. The ship has been renamed Crystal St.Petersburg and reflagged from Malaysia to Sierra Leone. Supplementing its owned pair are six chartered vessels, taking Transit’s total capacity to 5,500 teu, making it the 100 th largest liner operator.īrokers also told The Loadstar that Malaysian feeder operator MTT Shipping had sold the 2000-built 1,740 teu Pasir Gudang to Russian interests for $10m in January. The 2005-built 660 teu Transit Lugovaya (ex Run Xing) was bought from Qingdao China Gem Ship Management, three months after the 2008-built 704 teu Transit Shamora (ex Run Chang) was purchased from the same owner. Russian forwarder Transit LLC, which launched its Russia-China liner service in the wake of international sanctions targeting Russia’s invasion of Ukraine, had bought its second ship in October. FESCO appears to be renewing its fleet, having sold the 1998-built 1,740 teu Vladivostok for demolition in January. Russian container carriers have been acquiring tonnage to meet healthy demand, even as the overall freight market is bleak.Īnecdotal accounts from ship brokers indicate that FESCO and other Russian interests have been actively buying ships, as freight rates for Russia-linked routes remain steady.Īlphaliner reported that in the last 18 months, FESCO has purchased four boxships, with the latest additions being the 2008-built 698 teu FESCO Tatarstan (ex JRS Corvus) 2010-built 704 teu Acacia Ming, which were bought from Chinese owner Goto Shipping for $8.1m and $10m, respectively, in January.įESCO Tatarstan has been carrying cargoes between Russian Far East ports and Asia, while Acacia Ming is pending delivery to the Russian operator, which just launched a new service linking Russia, India and Turkey.įESCO currently owns 17 ships with capacities ranging from 508 to 3,091 teu, making it the 43 rd largest liner operator, with total capacity of over 29,000 teu. Linerlytica estimates there are now 89 ships totalling nearly 92,000 TEU, serving the Russia Far East trade. This week, OVP will offer connections to St Petersburg through slot purchases on Safetrans’ service. OVP, originally an LNG tank shipping business that was established in 2020, began container shipping operations connecting Vladivostok and Novorossiysk with China in June 2022. Depending on which gateway, rates are highly elevated, starting from $6,000/feu.” Linerlytica analyst Tan Hua Joo told The Loadstar: “The Russian market is booming due to high cargo demand, with the Vladivostok gateway currently severely congested and carriers are opening new services to the Black Sea and Baltic gateways. MSC retains a considerable presence in the Russian trades with feeder operations in all three Russian gateways while reputational risks have seen the other key European carriers withdrawing completely from the market. Players unfazed by sanctions targeting Russia have jumped into the fray, with newcomers such as Safetrans, Torgmoll, Reel Shipping and OVP Shipping adding ships to the trade.Ĭongestion at the Russian Far East gateways of Vladivostok and Vostochny have generated demand for new services from Asia to the Black Sea and Baltic gateways of Novorossiysk and St Petersburg. In its latest report released yesterday, Linerlytica remarked: “One year after the Russia-Ukraine conflict started on 24 February 2022, there have been significant shifts in the Russian container shipping landscape after sanctions shut off most of the traditional Baltic trade to Russia.” ![]()
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