Overcapacity in the shipping industry and the worsening global economic outlook are likely to compound piracy and marine safety risks in the Southeast Asian region. THE RISK of renewed recession is one negative factor currently bearing on the shipping industry, regionally and globally. Faltering growth …
Reuters reported that CMA CGM, the world third largest container shipping group denied a Chinese newspaper report that it was looking at placing USD 2 billion worth of orders to shipyards in China, saying cutting debt remains its priority. In a statement, CMA CGM said …
Xinhua reported that affected by the continuously slumped international ocean-going market, China ship building industry is having a difficult time with ship delivery of only 4.7 million DWTs in August down by 9%YoY. A report on the website of the National Development and Reform Commission …
TRANSPACIFIC sea freight volumes are estimated to decline by one per cent this year compared to 2010, with peak season volumes having “completely fizzled out and cargo volume growth has been negative since June”, reports Alphaliner. It said shipping lines’ efforts to “impose peak season …
It is reported that shipping industry confidence is at its lowest level for three and a half years, as fears about overcapacity and the global economy reach new heights. According to the latest quarterly shipping confidence survey by accountant Moore Stephens, the rising cost of …
Bloomberg reported that U-Ming Marine Transport Corp the Taiwanese operator of dry bulk ships expects 2012 to be a difficult year for the market because of the launch of more large ships and higher iron ore production in China. Mr CK Ong President of U-Ming …
Goldman Sachs fell into line with other banks as it cut its 2012 Brent crude and copper price forecasts, on growing worries that the European financial crisis would restrain economic growth and curb global fuel demand. It trimmed its 2012 Brent price estimate to USD …
IRAN’S HDS Lines is expected to drop Mediterranean calls at Damietta, Gemlik, Istanbul and Malta from its Far East-Mideast-Med service (FMCL) at the end of October, reports Alphaliner. At present the Far East departures turn around at Bandar Abbas under a shortened SMX rotation that …
Finally, after months of delays, malaysiashipping.info has a new look and feel. It’s officially up but we’re making some slight tweaking will go on for the next few weeks – most not noticeable. Some of the new features to the site, aside from the cosmetic …