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Wednesday, November 25, 2020

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  • Far East Maritime (7) (X)

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Hong Kong port’s days are numbered

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

Way back in the mists of 2004, the government of Hong Kong released its Port Masterplan: 2020. The plan, compiled by consultants GHK, took a comprehensive look at the port and its needs over the next couple of decades. Naturally the government watered down the first draft…

Evergreen shrugs off conservative cloak

Posted to Far East Maritime (by Greg Knowler) on April 26, 2012

Working out supply and demand is a tricky business at the best of times, so trying to predict the container shipping market a year or two in advance is as good as sucking a thumb and writing down the first thing that comes to mind. Looking at an Alphaliner chart of current vs ordered ships…

Yangtze shipping left high and dry

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.

Security cost is the legacy of September 11

Posted to Far East Maritime (by Greg Knowler) on September 7, 2011

On a bright September morning in New York 10 years ago, transportation’s age of innocence came to a crashing end. From that point on, the efficient transport of passengers and cargo from country to country vanished, replaced by costly and cumbersome security systems that continue to frustrate.

Pain of China factories to spread along supply chain

Posted to Far East Maritime (by Greg Knowler) on August 18, 2011

“Forget raising factory gate prices; manufacturers are lucky if they have new orders,” said a China cap making factory executive in a South China Morning Post report on how exporters were being squeezed. The strengthening yuan and slowing demand…

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…

Piracy approach a failure, say Hong Kong shipowners

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.