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Friday, June 18, 2021

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  • Far East Maritime (3) (X)

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Size counts on weak Asia-Europe routes

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…

Port strike not doing Hong Kong any favours

Posted to Far East Maritime (by Greg Knowler) on April 3, 2013

A port strike is not something normally associated with Hong Kong, but the biggest terminal operator in the city has been crippled for six days now, with no sign of a resolution. Hongkong International Terminals, or HIT, says the strike is costing it more than US$600…

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…