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Think Tank
Ocean Transportation: Page 160
Maybe Container Shipping News Isn't Quite So Bad After All?
The latest Container Shipping Forecaster from Maritime Strategies International reports "flickers of improvement" in February after an opening to the year which saw 1.3 million TEUs of capacity idle, freight rates struggling and the charter market on its knees.
Internet of Things Brings Greater Visibility to Ocean Shipping
The ocean shipping industry has traditionally used EDI for shipment tendering, booking and milestone tracking. A new solution has emerged that leverages near real time vessel tracking data to improve shipment planning and tracking.
Tanker Rates Off to Good Start, But Could See Softening Later This Year
Tanker shipping freight rates are expected to remain firm in the first few months of 2016, but with the influx of tonnage these rates are expected to soften towards the end of the year, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
CMA CGM Upgrades French West Indies Service
CMA CGM has upgraded its service from Northern Europe to the French West Indies, with the addition of two calls at Zeebrugge and Rotterdam, the Netherlands.
As Perishables Market Grows, Reefer Container Ship Capacity Should Expand Over Next Three Years
London-based Drewry Shipping Consultants says that the global capacity of reefer container ships is expected to grow by 20 percent over the next three years. Drewry also reports that perishables moved over the seas in 2014 increased by nearly five percent to exceed 100 million metric tons.
CMA CGM, China COSCO Looking to Ally Against Maersk, MSC?
Shipping analysts Alphaliner reported that the two carriers involved in recent container line megamergers – France's CMA CGM (merged with NOL / APL) and China COSCO (merged with CSCL) – are now looking at forming a shipping alliance to compete with Maersk and MSC's 2M.
Damper Seen Over Dry Bulk Freight Market for First Half of 2016
The latest Dry Bulk Freight Forecaster from Maritime Strategies International reports a deterioration of the consultancy's cautiously optimistic view for improvement in the dry bulk market in the next six months.
Corning Awards Life Sciences Business to Kuehne & Nagel
Corning Incorporated has appointed Kuehne & Nagel to manage the distribution requirements for its Corning Life Sciences business in the Asia-Pacific market.
On-Time Performance of Container Vessel Industry Gets Off to Slow Start in 2016
Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
Ocean Shipping Industry's Fortunes Rise - and Fall - on Business With China
Shipbuilders, container lines and port operators feasted on China's rise and the global resources boom. Now they're among the biggest victims of the country's slowdown and the worldwide decline in demand for oil rigs and other gear amid the oil price plunge.
Hapag-Lloyd Adds 3,000 Reefer Containers to Fleet
Hapag-Lloyd AG has added 3,000 refrigerated containers to its fleet.
Shipping Rates for Chemicals Expected to Face Pressure This Year
On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
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