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Monday, September 21, 2020

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  • Far East Maritime (3) (X)

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Yangtze shipping left high and dry

Posted to Far East Maritime (by Greg Knowler) on January 25, 2012

The Year of the Dragon begins now, represented in the Chinese zodiac by the Water Dragon. There is some irony in that, because the worst drought in 50 years has forced Chinese maritime authorities to close the Yangtze River above the port of Wuhan, more than 600 miles upriver from Shanghai.

Not much to look forward to this year for oversupplied carriers

Posted to Far East Maritime (by Greg Knowler) on April 29, 2011

The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.

Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…