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Sunday, September 19, 2021

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Not much to look forward to this year for oversupplied carriers

Posted to Far East Maritime (by Greg Knowler) on April 29, 2011

The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.

Rotterdam and Mumbai agree for mutual cooperation

Posted to Rotterdam and Mumbai agree to mutually cooperate (by Joseph Fonseca) on February 16, 2011

Yet another port has been positioned to serve as the European gateway for shipments to and from Mumbai. This time on 10 February the representatives of the city port of Rotterdam visited Mumbai and met those of the city port of Mumbai and resolved…

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…