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Saturday, August 18, 2018

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Posted to SHIPPINGInsight (by James Rhodes) on October 7, 2013

Executives from 20 shipping companies and 40 expert panelists will share case studies on improving efficiency in ship operations with an expected 100 registered delegates at the 2013 SHIPPINGInsight Fleet Optimization Conference, at the Sheraton Stamford Hotel in Stamford, Conn., Oct. 22-24.

It's not all gloom and doom

Posted to SHIPPINGInsight (by James Rhodes) on September 18, 2013

After a steady diet of stories in the maritime trade press about shipping companies teetering on the verge of insolvency, it was refreshing to read the latest news from Neptune Orient Line (Lloyd’s List, Sept. 2). The Singapore-based shipowner…

Gloomy News

Posted to SHIPPINGInsight (by James Rhodes) on September 4, 2013

If you want a snapshot of the state of the shipowning business, just look at the headlines in the August 16 issue of Lloyd’s List, reporting on quarterly earnings reports from publicly held shipowners. Stephen Chen, spokesman for Taipei-listed U-Ming, summed it up nicely.

Half full or half empty

Posted to SHIPPINGInsight (by James Rhodes) on August 22, 2013

There are indications that the shipping industry is starting to emerge, however tenuously, from the doldrums of the last six years, but signals are mixed. Moore Stephens reported in June that shipping confidence has risen to its highest point since 2010.

LNG Issues to Be Addressed at SHIPPINGInsight 2013

Posted to SHIPPINGInsight (by James Rhodes) on March 27, 2013

The producers of SHIPPINGInsight Conferences have announced that Anthony Chiarello, president and CEO of TOTE, Inc., will be the keynote speaker at the 2013 Fleet Optimization Conference, October 22-24, in Stamford, Conn. TOTE has placed orders for two new LNG-powered containerships at NASSCO…

Shipping Faces Some Grim Realities

Posted to SHIPPINGInsight (by James Rhodes) on August 28, 2012

I commend to your attention the article posted earlier this month by Clay Maitland on his blogsite. In his own inimitable style, he presents the case that shipping companies are not coming to grips with the new harsh reality of a lingering and resilient worldwide recession affecting world trade.

Korean Yards Hold Fire Sale

Posted to SHIPPINGInsight (by James Rhodes) on August 20, 2012

MarineLink.com reported today that Korean shipowners are struggling to rid themselves of unsold ships at sustantially lower than market prices. Daewoo is trying to sell a pair of 320,100 dwt crude carriers after the buyer withdrew orders for the ships.

Bulk Freight Rates Drive Surge in Scrapping and Layup

Posted to SHIPPINGInsight (by James Rhodes) on June 13, 2012

I saw a news report this morning that Mitsui OSK Lines will remove 10-20 of its Capesize bulkers from the fleet  in a move to reduce its exposure to disastrous freight rates. Although long-term prospects for coal and iron ore are positive, Capesize rates are currently averaging $4…

FLEET OPTIMIZATION: CHALLENGES AND SOLUTIONS

Posted to SHIPPINGInsight (by James Rhodes) on June 5, 2012

We don’t need to tell the readers of this journal that the global shipping market faces difficult challenges. To be sure, this is not the first time the maritime industry has found itself in troubled waters. Many of us remember the late 1970s…

Rising fuel costs + low freight rates = net loss for container fleets

Posted to SHIPPINGInsight (by James Rhodes) on August 14, 2012

Bloomberg today reported that Hapag-Lloyd AG, Europe's fourth-largest container line, reported a second-quarter loss after soaring fuel costs offset modest improvements in freight rates. The CEO, Michael Behrendt, was quoted as saying, "High…

The Relentless Law of Supply and Demand at Work

Posted to SHIPPINGInsight (by James Rhodes) on August 7, 2012

You may have seen the news item in MarineLink.com dated July 29 that China's shipyards suffered a 49 percent plunge in orders during the first 6 months of 2012. This is clearly the result of a glut of shipbuilding capacity trying to sell into…

ShippingInsight Fleet Optimization Conference to Address Compliance Strategies for Mandatory Emission Reductions

Posted to SHIPPINGInsight (by James Rhodes) on August 1, 2012

I'm sure you saw the news that the North American Emisssion Control Area is now in effect. This means ships operating on the coasts of North America will have to comply with the new limits on emissions of sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter.

KPIs are key to cost reductions

Posted to SHIPPINGInsight (by James Rhodes) on July 23, 2012

You may have seen the announcement, reported on MarineLink.com last week, that Maersk LIne has saved almost USD$90 million on fuel costs in three years by measuring the performance of individual ships. Key Performance Indicators (KPIs) were…

Container Shipping: More Ups and Downs Ahead

Posted to SHIPPINGInsight (by James Rhodes) on July 16, 2012

The container shipping sector faces a challenging future as additional capacity comes into service, threatening the tenuous recovery in freight rates. That's the conclusion in a recent article by Greg Kowler in the June 2012 issue of Maritime Reporter.

Survey Results: Confidence Rises Marginally, but Operational Costs Must Be Reduced

Posted to SHIPPINGInsight (by James Rhodes) on July 3, 2012

I am grateful to my friends at The Maritime Advocate, an excellent e-news summary for the maritime legal profession, for calling attention to a recent survey on confidence levels in the shipping industry. The survey, conducted by the international…