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Wednesday, October 28, 2020

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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…

Chinese research icebreaker Xue Long

Posted to Maritime Musings (by Dennis Bryant) on May 25, 2012

The Xue Long (Snow Dragon) is the premier polar vessel of the People’s Republic of China. It was built in the Ukraine in 1993 and modified upon its acquisition by China in 1994. Its major function is to serve as a resupply vessel and scientific research platform in the Antarctic and the Arctic.

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…