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Tuesday, May 26, 2020

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  • Far East Maritime (7) (X)

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China looks inwards as export demand remains weak

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

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

Rates war back in the picture on Asia-Europe

Posted to Far East Maritime (by Greg Knowler) on September 4, 2012

“A general rate increase in November? Skou must have lost his mind,” was the retort of Hong Kong Shippers Council executive director Sunny Ho to news that the Maersk boss planned to hike box rates from November 1. It was an understandable reaction from the feisty Ho…

Just what the world needs, another Middle East conflict

Posted to Far East Maritime (by Greg Knowler) on January 5, 2012

There are varying estimates of how much crude oil is shipped through the Straits of Hormuz, but the most consistent figure given is around 20 percent of the global supply. That’s about 17 million barrels a day that the Iranians are threatening to choke off…

Asia-Europe will decide the shape of shipping in 2012

Posted to Far East Maritime (by Greg Knowler) on December 22, 2011

When Daily Maersk was announced a couple of months ago, the industry held its breath to see what the other carriers would do about it. What Maersk was offering were guaranteed transit times between certain Asian and European destinations with the payment of penalties for late delivery.

China factories slowly climbing the value chain

Posted to Far East Maritime (by Greg Knowler) on June 8, 2011

It may seem we harp on about China’s changing manufacturing industry, but that's because of its direct impact on export ocean cargo and the import of raw materials. All the stuff we consume has to be made somewhere, and the mainland has pretty much cornered the manufacturing market.

New HK cruise terminal – a case of all berthed up and nowhere to spend

Posted to Far East Maritime (by Greg Knowler) on March 22, 2011

People who take long holidays on cruise ships are not backpackers or students. Anyone who has seen one of the giant liners disgorging thousands of passengers will have noticed that the average age is well on the other side of 50. The reason…

Aren’t you glad not to be in Asia-Europe air freight

Posted to Far East Maritime (by Greg Knowler) on April 21, 2010

But could something happen that would shut down most of the ports in continental USA? The answer is yes, but the cause will be no natural disaster. Hurricane Katrina closed New Orleans and many of the Gulf ports and those on the eastern seaboard are regularly threatened by hurricanes.