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Tuesday, December 1, 2020

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  • Far East Maritime (8) (X)

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Dozen more China FTZs a waste of effort

Posted to Far East Maritime (by Greg Knowler) on January 28, 2014

China will have 12 free trade zones, Beijing announced a couple of weeks ago. Interesting, considering that Shanghai can’t even explain exactly what its own highly publicised free trade zone will be doing. So far it is all hot air and hyperbole…

Low emission scheme could hurt Hong Kong

Posted to Far East Maritime (by Greg Knowler) on November 20, 2013

In the first nine months of this year, Shenzhen port handled almost a million boxes more than Hong Kong. There is little doubt that it will move past its neighbour into the world's third busiest container port by the time the New Year bubbly is raised.

Carriers prepare for slow trot into into Year of the Green Wood Horse

Posted to Far East Maritime (by Greg Knowler) on October 24, 2013

The Year of the Horse is riding into China early next year and it is playing havoc with shipping schedules in the first quarter. Chinese New Year falls at the end of January and factories traditionally close for three weeks and sometimes even longer.

Shipping slump spreads the pain to box makers

Posted to Far East Maritime (by Greg Knowler) on August 29, 2013

If you think the container shipping business is depressing, try the container making business. A good 20 percent of the 30 million boxes in circulation around the world are more than 20 years old, even though their lifespan should be 15 years.

So much supply, so little demand

Posted to Far East Maritime (by Greg Knowler) on November 20, 2012

Freight rates can always go up, the fuel price can always come down, but once delivered, a container ship immediately becomes a hole in the water that has to be filled with money. With shipping line profitability a cruel joke and such economic…

China distribution the battleground of the future

Posted to Far East Maritime (by Greg Knowler) on March 28, 2012

A clearer picture of the Chinese consumer is emerging: He or she lives in the city, the household earns RMB78,500 a year (US$12,400) and probably has a car parked outside. The annual income doesn’t sound like much but it continues to grow rapidly.

China buys Greece, adds it to growing country portfolio

Posted to Far East Maritime (by Greg Knowler) on June 17, 2010

No purchase price was given, but Chinese officials said they had paid “billions of dollars” for the debt-stricken Mediterranean country earlier this week. Okay, that’s not exactly how it went down, but it may as well have been. Bad jokes aside…

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…