Drewry: Japanese Merger Could Spark Second Wave of M&As Driven by the need to stop the cost competitive advantage of the bigger lines growing, a...
The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive surprise for the struggling container shipping industry, according to international shipping association BIMCO. BIMCO have throughout 2016 focused on the level of demolition in the container
While tanker demand dictates trade volumes and tanker routes, the volatility of fleet growth on the supply side may have a pronounced impact on freight rates, according to the latest report from McQuilling Services. Ton-mile data for crude/dirty petroleum product tankers (DPP) and clean petroleum pr
Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of 2015, as shipowners struggle to counter the imbalance between supply and demand in the market, according to international shipping association BIMCO. A total of 36.2 million dwt was demol
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has placed an order for six chemical tankers at China’s Wuchang Group as part of the company’s strategic long-term partnership with the shipbuilder. GulfNav said that the move aims to meet the increasing demand for transferring chem
The pace of world fleet growth has slowed down with the fleet expanding by 3.1% over the last 12 months, representing the lowest level of monthly year-on-year growth reported since the early 2000s, according to Clarksons Research. More limited contracting and lower delivery volumes combined with fir
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) said that it plans to enter into shipbuilding contracts on October 25 through its subsidiary GNH Maritime Ship Management & Operations LLC. Namely, the company informed that the contracts will be signed with China Shipbuilding & Off
Non-delivery of vessels on the orderbook, which has been a prominent theme in shipbuilding in the last decade, looks set to be increasing again this year amid troubled shipping markets, according to Clarksons Research. In the year to date, changes to the market environment have been important across
Engineering and project management consultancy Royal HaskoningDHV UK and South Korea’s Hyundai Engineering & Construction have been selected to perform the Front-End Engineering Design (FEED) for the infrastructure of a maritime yard in Ras Al-Khair, Saudi Arabia. According to Royal Haskoning DHV, t
Drewry: Container Carriers Still Face High Risk of Failure Privately-owned container carriers could risk losing shippers’ trust if they do not provide any data on their level of indebtedness and balance sheet strength, according to shipping consultancy Drewry… Read More Trafigura Sells Five Tanker N
Given the current conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this, according to Clarksons Research. Since the start of 2009, a total of 206.6 million gross tons of sh
Klaveness: No Company Is “Too Great to Fail” One month after the South Korean shipping giant Hanjin Shipping sought bankruptcy protection, there are a number of important lessons to be learned from the event, according to Norwegian shipping company Torvald Klaveness… Read More Drewry: Container Ship
Overall contracting of new vessels plunged in the three-month period from July to September to a mere 88 units, according to data provided by Clarkson Research. When compared to the same period in 2015, the orders dropped by some 81 percent from 481 vessel orders. Due to an oversupply in the shippin
Due to depressed dry bulk market conditions, which triggered a slump in bulk carrier contracting and in turn led to the newly slim orderbook, which hit a nine year low at the start of September, the bulk carrier fleet expansion is expected to ease in the coming years, according to Clarksons’ Shippin
