CPO 3-month futures +RM21 per …
CPO 3-month futures +RM21 per tonne to RM1,915 and Nymex crude oil +23c to US$42.73 per barrel.
Crude oil futures jumped USD2….
Crude oil futures jumped USD2.54 to USD42.50 a barrel
total global capacity of idle …
total global capacity of idle containerships reached 800,000teus and still rising! that’s 6.5% of world fleet.
Shippers say it pays to work with carriers
IT may surprise some, but more shippers believe it is essential to collaborate more closely with carriers to improve their business.
“What I have found is that there is a huge disconnect between the shippers and the world of the carriers,” one senior level manager from a large multinational shipper told us.
“They don’t talk, because shippers [...]
Sell Yang Ming, Wan Hai, says bleak Morgan Stanley industry report
FALLING stock prices for container shipping are predicted for the coming year as freight rates fall and with no rebound in sight, especially if idle ships return to service, say Morgan Stanley analysts.
The bank’s analyst report advised investors to sell Taiwan’s Yang Ming and Wan Hai Lines. The carrier’s stock prices closed at NT$9.2 (US$0.26) [...]
CMA CGM plans rate increase on most services from April 1
MARSEILLES’ CMA CGM said it will impose a freight rate increase on services from Asia to Europe, from India and Pakistan to Europe and from Asia to South America from April 1, adding that more details would be available on March 1.
“The present rates and the trend on the main Far East to Europe trades [...]
Lehman collapse induces HSH Nordbank to cut ship lending
HAMBURG’s HSH Nordbank plans to reduce its shipping business that runs to EUR30 billion (US$38.4 million) and halve its balance sheet to EUR115 billion within three years.
The leading financier for German container shipowners reported a net loss of EUR2.8 billion before taxes and one-time charges in 2008 compared to previous year profit of EUR285 million [...]
CPO 3-mth futures -RM18 per MT…
CPO 3-mth futures -RM18 per MT to RM1862 and Nymex crude oil -34c to US$38.10 per barrel.
crude oil futures shed USD1.59…
crude oil futures shed USD1.59 to USD38.44 a barrel in overnight trading.
