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Wednesday, May 27, 2020

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  • Far East Maritime (2) (X)

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Rates hit lowest levels ever, GRIs reach for record highs – go figure

Posted to Far East Maritime (by Greg Knowler) on October 10, 2013

Here's the story so far ... European demand for containerized imports from China vanished as the continent melted down into a steaming pile of sovereign debt. Meanwhile, the ever-optimistic and market share protecting shipping lines continued to place orders for new ships.

Singapore slick an inevitable consequence of being Asia’s gas station

Posted to Far East Maritime (by Greg Knowler) on May 25, 2010

If your port is at the confluence of the busiest sea lanes in the world, if it is the world’s largest refuelling port and the biggest oil storage centre in Asia, there is a lot of crude and bunker fuel floating around. So when there is an accident at sea…