Category archives: Shipping Market

Xeneta says shipper community reeling from Hanjin aftershocks

Xeneta’s global community of shippers is reeling from the impact of the demise of Hanjin Shipping, the world’s seventh largest containership operator. Xeneta crowd-sources shipping rate data from ...

Perishable reefer trade growth to remain strong, says Drewry

Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 – and is forecast to grow further still in 2016. By 2020, seaborne ...

Moore Stephens says shipping must improve risk management

Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. 
 
The second annual Moore Stephens Shipping Risk Survey ...

Fitch ratings affirms Panama Canal's 'A' ratings

Fitch Ratings has affirmed the following ratings for the Panama Canal Authority (ACP): Long-Term Issuer Default Rating (IDR) at 'A' and $450 million senior unsecured notes at 'A', reflecting the ...

Sovcomflot completes USD 1.26 billion of debt financing

SCF Group, one of the world's leading shipping companies, is pleased to announce that it has completed a series of financing transactions in the total amount of USD 1 ...

Spot rates sky-rocket after Hanjin collapse

Spot container freight rates on the major routes from Asia soared by up to 42% yesterday following the collapse of Hanjin Shipping, data from the World Container Index reveals.

Rate ...

Hanjin Shipping files for court receivership

South Korea's Hanjin Shipping Co Ltd announced the filing for receivership and a request to the court to freeze its assets on Wednesday after losing the support of its ...

Growth in the leased container equipment fleet to slow

Following markedly slow growth of just 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than ...

Sovcomflot reports H1 2016 results

On 23 August 2016, the Executive Board of PAO Sovcomflot (SCF Group), one of the world's leading shipping companies, reviewed the company’s financial and operating results for the ...

Hapag-Lloyd’s shareholders approve UASC merger terms

The Hapag-Lloyd shareholders approved all items on the agenda at Annual General Meeting. The main matter regarded creating the capital conditions required for the planned merger with the Arabian liner ...

Hapag-Lloyd transports 42 metro trains to Peru

Hapag-Lloyd has loaded a metro train with six cars recently in Salerno, Italy. The train will be shipped aboard the “Cerinthus” to the Peruvian port of Callao. From there, it ...

New container equipment prices to fall to record lows

Cheaper production and material costs as well as weaker demand has driven the price of new container equipment down to record lows and is forecast to fall further during 2016 ...

Rising refinery capacity to dent crude tanker shipping outlook

A steep rise in refinery capacity in the Middle East, the world’s crude oil production hub, will diminish oil trade growth and with it prospects for tanker shipping, according ...

Pressure mounting on VLGCs rates

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry ...

Spot rate trends on Asia-Europe see reversal

The downwards trend line in Asia-Europe spot freight rates has finally been reversed, as data from World Container Index Shanghai-Europe reveals yesterday.

Whereas the first four months of 2016 saw ...

Dry bulk charter rates rising on unexpected demand growth

Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to ...

MR tanker time charter rates under pressure

Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs, will decline ...

Drewry: M&A deals change the landscape in the container ports industry

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according ...

LNG market needs more vessels than currently on order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the ...

CMA CGM announces close of voluntary general offer for NOL

CMA CGM S.A. announces that its all-cash voluntary unconditional general offer (Offer) for Neptune Orient Lines Limited (NOL) closed at 5.30 p.m. (Singapore time) on July 18 ...

Archive

May 2017
SunMonTueWedThuFriSat
April 2017  
 123456
78910111213
14151617181920
21222324252627
28293031   
  • © MICPORTAL All rights reserved.
  • Privacy Policy
  • Terms of Use