Posted to SHIPPINGInsight
(by
James Rhodes)
on
August 20, 2012
MarineLink.com reported today that Korean shipowners are struggling to rid themselves of unsold ships at sustantially lower than market prices. Daewoo is trying to sell a pair of 320,100 dwt crude carriers after the buyer withdrew orders for the ships.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
October 7, 2013
Executives from 20 shipping companies and 40 expert panelists will share case studies on improving efficiency in ship operations with an expected 100 registered delegates at the 2013 SHIPPINGInsight Fleet Optimization Conference, at the Sheraton Stamford Hotel in Stamford, Conn., Oct. 22-24.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
September 18, 2013
After a steady diet of stories in the maritime trade press about shipping companies teetering on the verge of insolvency, it was refreshing to read the latest news from Neptune Orient Line (Lloyd’s List, Sept. 2). The Singapore-based shipowner…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
September 4, 2013
If you want a snapshot of the state of the shipowning business, just look at the headlines in the August 16 issue of Lloyd’s List, reporting on quarterly earnings reports from publicly held shipowners. Stephen Chen, spokesman for Taipei-listed U-Ming, summed it up nicely.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
August 22, 2013
There are indications that the shipping industry is starting to emerge, however tenuously, from the doldrums of the last six years, but signals are mixed. Moore Stephens reported in June that shipping confidence has risen to its highest point since 2010.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
March 27, 2013
The producers of SHIPPINGInsight Conferences have announced that Anthony Chiarello, president and CEO of TOTE, Inc., will be the keynote speaker at the 2013 Fleet Optimization Conference, October 22-24, in Stamford, Conn. TOTE has placed orders for two new LNG-powered containerships at NASSCO…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
August 28, 2012
I commend to your attention the article posted earlier this month by Clay Maitland on his blogsite. In his own inimitable style, he presents the case that shipping companies are not coming to grips with the new harsh reality of a lingering and resilient worldwide recession affecting world trade.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
August 14, 2012
Bloomberg today reported that Hapag-Lloyd AG, Europe's fourth-largest container line, reported a second-quarter loss after soaring fuel costs offset modest improvements in freight rates. The CEO, Michael Behrendt, was quoted as saying, "High…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
August 7, 2012
You may have seen the news item in MarineLink.com dated July 29 that China's shipyards suffered a 49 percent plunge in orders during the first 6 months of 2012. This is clearly the result of a glut of shipbuilding capacity trying to sell into…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
August 1, 2012
I'm sure you saw the news that the North American Emisssion Control Area is now in effect. This means ships operating on the coasts of North America will have to comply with the new limits on emissions of sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
July 23, 2012
You may have seen the announcement, reported on MarineLink.com last week, that Maersk LIne has saved almost USD$90 million on fuel costs in three years by measuring the performance of individual ships. Key Performance Indicators (KPIs) were…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
July 16, 2012
The container shipping sector faces a challenging future as additional capacity comes into service, threatening the tenuous recovery in freight rates. That's the conclusion in a recent article by Greg Kowler in the June 2012 issue of Maritime Reporter.
Posted to SHIPPINGInsight
(by
James Rhodes)
on
July 3, 2012
I am grateful to my friends at The Maritime Advocate, an excellent e-news summary for the maritime legal profession, for calling attention to a recent survey on confidence levels in the shipping industry. The survey, conducted by the international…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
June 13, 2012
I saw a news report this morning that Mitsui OSK Lines will remove 10-20 of its Capesize bulkers from the fleet in a move to reduce its exposure to disastrous freight rates. Although long-term prospects for coal and iron ore are positive, Capesize rates are currently averaging $4…
Posted to SHIPPINGInsight
(by
James Rhodes)
on
June 5, 2012
We don’t need to tell the readers of this journal that the global shipping market faces difficult challenges. To be sure, this is not the first time the maritime industry has found itself in troubled waters. Many of us remember the late 1970s…
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