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Think Tank
Ocean Transportation: Page 143
More Piracy Near Philippines Forces Ships To Change Routes
A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, increasing costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations, according to Reuters.
Container Shipping Market Uncertain For 2017, Analysts Say
Although rates have risen from the historic lows of early 2016, uncertainty for the global container shipping market in 2017 will be uncertain, according to Xeneta, a company that provides market intelligence platform for containerized ocean freight.
Drewry: Yang Ming Is Most 'Debt-Burdened' Container Line
Drewry Financial Research said last week that after the collapse of Hanjin Shipping last fall, Taiwanese carrier Yang Ming has taken pole position as the most debt-burdened container line in the industry.
Maritime Analysts: Less Pain, Not Much Gain For Dry Bulk
The dry bulk market's strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report, MSI predicts a depressed year for rates in 2017, a year marked by multiple risks to recovery.
Lenovo's Key To Boosting Market Share: Become 'Amazon-Like'
Lenovo Group Ltd. is the world's leading original equipment manufacturer (OEM) of personal computers. So why is it determined to overhaul the way it sells and markets product?
China, Vietnam Pledge South China Sea Peace
China and Vietnam have issued a joint statement pledging to manage their maritime differences and safeguard peace in the South China Sea.
SM Group Launches Container Line At Former Hanjin Shipping Office
Korean construction firm SM Group has launched a new container carrier, SM Line, based on the carrier business of Hanjin Shipping.
Two Asian Shipyards To Close, More Could Follow
Singapore-based offshore services company Vallianz has closed its repair and maintenance shipyard in Singapore, and the move will soon be followed by another closure in the region when Hyundai Heavy Industries closes its Gunsan yard.
South Korean Shipyards Suffer 13-Year Low
The order backlog held by South Korean shipyards fell to the lowest level in over 13 years in December, according to Clarkson Research Services data.
World's First Hybrid Trimaran Vessels Ordered
Dutch shipbuilder Veka Group is building two hybrid trimarans for transporting personnel and freight to offshore wind farms. The company claims that the vessels will be the first hybrid trimarans in the world.
Maersk, Alibaba Team Up to Offer Online Booking of Ship Places
Maersk, the world's largest container shipping line, has teamed up with Alibaba to allow customers to reserve space on its vessels through the Chinese company, illustrating growing cooperation between e-commerce and logistics firms.
Shipping Authority to Test Onboard IoT Marine Equipment
This year, a number of Danish organizations will be running a pilot Internet of Things project to test the collection of real-time data from equipment onboard ships. The Aalborg-based company GateHouse is behind the pilot project, and a number of other companies including the shipowner Uni-Tankers, Logimatic and the Danish Maritime Authority will contribute to the testing of the new technology.
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