Posted to Far East Maritime
(by
Greg Knowler)
on
June 19, 2013
The mega vessel sharing agreement between the world’s three biggest container lines is going to completely dominate Asia-Europe trade with ships from Maersk, MSC and CMA CGM having a good 40 percent share of the market. The P3 Network, as it is called…
Posted to Far East Maritime
(by
Greg Knowler)
on
September 21, 2012
Maersk Line recently signed a US$150 million cloud computing deal with HP. In the five-year agreement, the Danish carrier will use HP’s cloud-enabled data centers and HP Workplace Services in what is known as an “instant-on enterprise”. Yes, that made no sense to me, either.
Posted to Far East Maritime
(by
Greg Knowler)
on
January 25, 2012
The Year of the Dragon begins now, represented in the Chinese zodiac by the Water Dragon. There is some irony in that, because the worst drought in 50 years has forced Chinese maritime authorities to close the Yangtze River above the port of Wuhan, more than 600 miles upriver from Shanghai.
Posted to Far East Maritime
(by
Greg Knowler)
on
April 29, 2011
The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.
Posted to Far East Maritime
(by
Greg Knowler)
on
December 9, 2010
The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…
Posted to Far East Maritime
(by
Greg Knowler)
on
February 11, 2010
Neptune Orient Lines just reported a loss of US$741 million for 2009. China Shipping Container Lines is expected to soon announce a loss of US$1 billion. Other results will begin to trickle in but no carrier handling containers will have done well last year.
Posted to Far East Maritime
(by
Greg Knowler)
on
January 19, 2010
The Hong Kong Shipowners’ Association (HKSOA) has called for governments to throw out the current response to pirates menacing ships off the Horn of Africa, accusing the international community of tolerating piracy instead of eliminating attacks.
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