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…
Posted to Far East Maritime
(by
Greg Knowler)
on
November 20, 2013
In the first nine months of this year, Shenzhen port handled almost a million boxes more than Hong Kong. There is little doubt that it will move past its neighbour into the world's third busiest container port by the time the New Year bubbly is raised.
Posted to Far East Maritime
(by
Greg Knowler)
on
October 24, 2013
The Year of the Horse is riding into China early next year and it is playing havoc with shipping schedules in the first quarter. Chinese New Year falls at the end of January and factories traditionally close for three weeks and sometimes even longer.
Posted to Far East Maritime
(by
Greg Knowler)
on
August 29, 2013
If you think the container shipping business is depressing, try the container making business. A good 20 percent of the 30 million boxes in circulation around the world are more than 20 years old, even though their lifespan should be 15 years.
Posted to Far East Maritime
(by
Greg Knowler)
on
November 20, 2012
Freight rates can always go up, the fuel price can always come down, but once delivered, a container ship immediately becomes a hole in the water that has to be filled with money. With shipping line profitability a cruel joke and such economic…
Posted to Far East Maritime
(by
Greg Knowler)
on
March 28, 2012
A clearer picture of the Chinese consumer is emerging: He or she lives in the city, the household earns RMB78,500 a year (US$12,400) and probably has a car parked outside. The annual income doesn’t sound like much but it continues to grow rapidly.
Posted to Far East Maritime
(by
Greg Knowler)
on
June 17, 2010
No purchase price was given, but Chinese officials said they had paid “billions of dollars” for the debt-stricken Mediterranean country earlier this week. Okay, that’s not exactly how it went down, but it may as well have been. Bad jokes aside…
Posted to Far East Maritime
(by
Greg Knowler)
on
November 27, 2009
It is difficult to see how Vietnam will need a transshipment port with the ability to handle ships of 17,000 TEU capacities. In fact, it is difficult to see how the world will need ships of that outrageous size. Business will certainly improve and ships will fill up again…
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