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Friday, June 18, 2021

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  • Far East Maritime (3) (X)

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Carriers warn Vale's big bulkers will dampen rates

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…

Bold move as Vietnam plans huge transshipment port

Posted to Far East Maritime (by Greg Knowler) on November 27, 2009

It is difficult to see how Vietnam will need a transshipment port with the ability to handle ships of 17,000 TEU capacities. In fact, it is difficult to see how the world will need ships of that outrageous size. Business will certainly improve and ships will fill up again…

Tardy Hong Kong missing the cruise boat

Posted to Far East Maritime (by Greg Knowler) on October 13, 2009

It took the Hong Kong government 10 years after the airport moved to call for tenders to develop the old Kai Tak airport site and slap a cruise terminal at one end. And it has taken another two years on top of that for the first foot to finally step on the first shovel to begin preparation work.