- WMN Interview: Time for Carriers to Get Ahead of the Curve
The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of ever bigger ships, ship owners across the board seem to have a lot on their plates.
- Meet BIMCO at Intercem's 30th Anniversary in London - Member Discount Available
Chief Shipping Analyst at BIMCO, Peter Sand, will be one of the speakers at the event, taking place in London, UK on 1-3 June 2015. This will be BIMCO's third appearance at the INTERCEM events.
- Busiest Capesize Demolition Market Ever!
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
- Strong tanker market extends peak season high earnings
In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008.
- Chinese slowdown confirmed in Chinese and IMF data
The Chinese economy grew by 7.0% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years. Growth during the quarter was strongest in the industrial sector (6.4%) and the service sector (7.9%), whereas the primary sector (3.2%) contributed to a lesser extent.
- Container ship freight rates fall on declining Chinese exports
Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week.
- Worst is over for the dry bulk market, but the pain will remain
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all ship classes expected to cover their operating costs by May. Meanwhile, demolition activity isn’t enough, at least thus far, to offset oversupply of tonnage in the dry bulk market.
- China’s manufacturing sector is struggling to keep up pace
Data released today on the condition of the Chinese manufacturing sector points towards weaker business conditions. HSBC/Markit China Manufacturing Purchasing Managers’ Index (PMI) is coming down from a seven-months high in February ...
- Striking the balance is tough when everyone wants to get “back into the black”
The labour conflict that caused a widespread and highly disruptive strike and subsequent congestion in most US West Coast ports, especially for the container shipping industry ended toward the end of February.
- Stronger tanker markets prolonged on strong fundamentals
Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings.