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Wednesday, November 25, 2020

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  • Far East Maritime (6) (X)

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Chongqing hub hype ends as cargo volumes fall

Posted to Far East Maritime (by Greg Knowler) on November 10, 2012

Chongqing is regularly described as the largest city in the world. The municipality is effectively a province of its own, one of three such municipalities in the country, and home to anything from 35 to 45 million people. In the past few years…

Drive to cut costs may push shipping into the clouds

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.

Carriers in for a brutal year as capacity floods in

Posted to Far East Maritime (by Greg Knowler) on July 4, 2012

Alphaliner’s chart of the week focuses on the new tonnage that has been added by the top 20 container shipping lines in the past 12 months. As incredible as the capacity is – 844,000 TEUs for a fleet growth of 6.4 percent – the one carrier that stands out is CSAV.

China carrier takes industry losses to new lows

Posted to Far East Maritime (by Greg Knowler) on April 3, 2012

Just when you thought the 2011 shipping industry losses could not possibly get any worse, along comes one of China’s state owned carriers to set the benchmark at a new low. As China’s largest line, that honour naturally fell to Cosco, and the…

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…

Chasing market share will kill container lines

Posted to Far East Maritime (by Greg Knowler) on October 22, 2009

The term “wake-up call” is being heard more frequently from shipping executives as they contemplate GDP-sized losses this year. The problem is that it gives the impression of a gently buzzing alarm clock next to the bed. The wake-up call being…