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Tuesday, October 22, 2019

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  • Far East Maritime (9) (X)

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Dozen more China FTZs a waste of effort

Posted to Far East Maritime (by Greg Knowler) on January 28, 2014

China will have 12 free trade zones, Beijing announced a couple of weeks ago. Interesting, considering that Shanghai can’t even explain exactly what its own highly publicised free trade zone will be doing. So far it is all hot air and hyperbole…

Size counts on weak Asia-Europe routes

Posted to Far East Maritime (by Greg Knowler) on June 19, 2013

The mega vessel sharing agreement between the world’s three biggest container lines is going to completely dominate Asia-Europe trade with ships from Maersk, MSC and CMA CGM having a good 40 percent share of the market. The P3 Network, as it is called…

Ship emissions an afterthought at Hong Kong cruise terminal

Posted to Far East Maritime (by Greg Knowler) on March 6, 2013

When it comes to infrastructure projects in Hong Kong, environmental concerns are rarely allowed to stand in the way. The grossly wasteful and pointless Hong Kong-Zhuhai-Macau bridge is a case in point, and we do not have the slightest doubt…

Chongqing hub hype ends as cargo volumes fall

Posted to Far East Maritime (by Greg Knowler) on November 10, 2012

Chongqing is regularly described as the largest city in the world. The municipality is effectively a province of its own, one of three such municipalities in the country, and home to anything from 35 to 45 million people. In the past few years…

Carriers in for a brutal year as capacity floods in

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

Alphaliner’s chart of the week focuses on the new tonnage that has been added by the top 20 container shipping lines in the past 12 months. As incredible as the capacity is – 844,000 TEUs for a fleet growth of 6.4 percent – the one carrier that stands out is CSAV.

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.

Spratly war a bad idea, especially for Vietnam

Posted to Far East Maritime (by Greg Knowler) on June 16, 2011

In this case, a string of islands. The remote, rocky and barely habitable Spratly Islands in the South China Sea. Less than two square miles of islands scattered over 165,000 square miles of ocean. WTF, as my kids say. The Spratlys are claimed by China…

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…