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Wednesday, October 23, 2019

Laissez faire or just plain blasé

Posted to Far East Maritime (by Greg Knowler) on April 20, 2012

Hong Kong and Singapore have developed into fierce rivals over the last two decades. During that time, both iconic cities have become transportation hubs, Hong Kong as a gateway to China and Singapore as the transshipment point between East and West.

Scary stuff from the experts, but 'wait and see' is the best advice

Posted to Far East Maritime (by Greg Knowler) on April 13, 2012

Container shipping lines, and their bulk carrying counterparts, are being squeezed from both sides of their balance sheets. The top lines are throttled by excess capacity and poor freight rate levels, while the bottom lines are hammered by rising fuel costs.

Freight Wings move six-storeyed Propane Refrigerant Sphere to Australia

Posted to Freight Wings move six-storeyed Propane Refrigerant Sphere to Australia (by Joseph Fonseca) on March 22, 2012

Moving a six-storeyed high Propane Refrigerant Sphere of mammoth dimensions - 19.5 meters x 19 meters x 20.3 meters - weighing 530MT, from Kandla on the West coast of India to the Liquefied Natural Gas (LNG) plant on Barrow Island, Western Australia…

Delving into Beat The Canal leaders

Posted to Martin Rushmere (by Martin Rushmere) on January 19, 2012

Strange bedfellows are making strange machinations in the united front (Beat The Canal) to stop the Panama Canal taking West Coast port traffic. Those dependable stalwarts, the ILWU local union shops, are rejuvenating their efforts to stop vessels calling at Longview's grain terminal…

Container shipping shambles claims first high profile victim

Posted to Far East Maritime (by Greg Knowler) on November 24, 2011

Some pundits are predicting significant consolidation of the container shipping industry as it is hit from all sides by falling demand and burdened with over capacity and high fuel prices. Among the top carriers, it is hard to see where that…

China factories being pushed over the edge

Posted to Far East Maritime (by Greg Knowler) on November 8, 2011

We asked the question last week that retailers in the US and Europe must surely be ready to put in last minute orders to restock their inventories before the Christmas buying season starts in earnest. Yesterday we received the answer, from the US, at least.

IL &FS-All Cargo JV to enter ship building/repairs & SEZ

Posted to IL &FS-All Cargo JV to enter ship building/repairs & SEZ (by Joseph Fonseca) on July 27, 2011

in the ship yard and repairs field compared to other players we will however be having world class facility and offer top quality products and services. Our ship repair facility will undertake repairs of 150 to 200 ships per annum and we plan…

Takeovers on the Pacific route are ahead

Posted to Martin Rushmere (by Martin Rushmere) on April 15, 2011

The list of causes of the collapse of Denmark's The Containership Company makes impressive reading for business school graduates. At latest count there are between eight and 10, depending on one's point of view. Vessel sizes, bunker prices, the Transpacific Stabilization Agreement…

A PR Opportunity Wasted

Posted to Observations (by Charmaine Berina) on January 14, 2011

Did you know that 2010 was designated by the International Maritime Organization (IMO) in London as the “Year of the Seafarer?” No? Don’t feel lonely. No one else knew it either. The idea of focusing the attention of the maritime industry and…

Indian Ports (Consolidated) Act of 2010 in the offing

Posted to Indian Ports (Consolidated) Act of 2010 in the offing (by Joseph Fonseca) on October 18, 2010

The draft of the Indian Ports (Consolidated) Act 2010 is likely to come before the Lok Sabha of the Indian parliament during the coming Winter Session. The proposed Act is said to be in line with the Federal Maritime Commission (FMC) of USA…

Hail the New Trading Era

Posted to Martin Rushmere (by Martin Rushmere) on September 2, 2010

Maersk, the Wal Mart of the ocean, has been at the forefront of critics of the fledgling container derivatives market. (In March, boss Eivind Kolding called the business "a casino.") This week a UK retailer sued Maersk for alleged breaches of contract on price and services.