Shipping
Idle boxship fleet to grow
The number of laid-up containerships is set to increase over the winter due to weakening demand, a leading industry consultancy has forecast. Alphaliner has predicted that between 600,000 and 1mteu of containership capacity could be idled by the ...
2010-10-07 07:59:25
VLCC trouble to remain
Depressed rates in the VLCC market will linger, says Top Ships chief Evangelos Pistiolis. The current dip is caused by the fact the West has yet to experience a true economic recovery, so consumption of oil will stay low, he said. This is happe...
2010-10-07 07:46:01
Heavy lifters face booming
Nowadays the heavy cargo shipment seems as a big cake. As a result, the heavy lifter becomes more and more popular due to competitive price and convenience. As global resources exploitation speeds up, the demand for heavy cargos such as electric e...
2010-10-07 01:42:25
CSCL: Supported by domestic market
From 5,000TEU to current 500,000TEU, China Shipping Container Lines Company Limited (CSCL) took just 13 years. CSCL has become the world’s No.6 container liner. The flexible strategy is the key point for CSCL. As is introduced, 50% CSCL’s flee...
2010-10-07 01:41:33
Boxship lay-up to increase
Laid-up containership capacity will increase to 5% as the global recovery slows down, says Lazard Capital markets. Post-panamax vessels are expected to see the largest increase in idle numbers, according to analyst Urs Dur. In a note to clients h...
2010-10-06 07:59:24
Tanker rate forecasts downgraded
RS Platou Markets has cut its rating on three tanker titans and chopped its VLCC rate estimates following a difficult time for the market. It has downgraded Frontline, Euronav and OSG from buy to neutral, according to a report from analysts Dag K...
2010-10-06 07:54:05
Shanghai: No competition with BDI
Zhang Ye, Chairman of Shanghai Shipping Exange, recently expressed that they did not intend to develop their own index like Baltic Dry Index (BDI) and no ambition to compete with Baltic Exchange, which seemed unnecessary. BDI is always recognized ...
2010-10-06 01:15:01
Bulkers yet to see the worst
Worse is still to come in the dry bulk sector, a prominent Taiwanese shipowner says. Eddie Steamship and Courage Marine chairman Hsu Chih-Chien says we have yet to see the worst of the dry bulk crisis. “Quite frankly I think probably not unfort...
2010-10-05 08:12:25
Tanker rebound may be weak
Fearnley Fonds has cut its tanker rate forecasts amid fears any fourth quarter rally will be muted. Analysts Rikard Vabo and Lars Erich Nilsen also tip share prices in the sector to remain under pressure due to a lack of indicators suggesting a s...
2010-10-05 07:52:39
Boxship keeps stable
To enter off-season, market showed anxiety on the trend of boxship. Taiwanese Evergreen and Yang Ming thought it was normal that the cargo volumes in 4th quarter were lower than those of 3rd quarter. However, it might still be maintained abover 90% l...
2010-10-05 01:42:27
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