IMO 2020 credit risks to cascade across marine fuel supply chain
Suppliers, traders and ship operators will need to increase credit lines and be more diligent about counterparty risk.
Suppliers, traders and ship operators will need to increase credit lines and be more diligent about counterparty risk.
Suezmax tankers can carry half as much crude as VLCCs, but now command twice the VLCC rate.
Nicholas Press, Founder and President of CEC Systems, explores the maritime industry’s problem with empty containers and explores potential solutions to deal with them.
As U.S.-China trade tensions escalate, data appears to be pointing to a volume slowdown.
Every corner of the ocean shipping world is completely distinct from the others. What fuels the tanker business is almost entirely different than what steers dry bulkers or container ships. Stark differences exist even within each segment. Take container ships. On one end of the spectrum are the large and ultra-large vessels that have the […]
South Korean ocean carrier HMM may have a shiny new corporate identity but its first quarter results were written in the same dreadful red ink as last year. Although the ocean carrier generated large increases in revenues, its costs surged, which led to large losses in the first three months of 2019.
There are some positive signs for shipping rates, but overall, disappointment prevails.
A more flexible shipping loan concept is good for borrowers and their clients, but may have limited scope.
Large ships may provide liner operators with economies of scale, but they are proving more expensive in the chartering market.
Yang Ming Marine Transport (TSE: 2609) narrowed its first quarter 2019 loss thanks to higher volumes of container shipments. The Taiwanese liner operator reported first quarter revenue of $1.14 billion, up 5 percent from a year earlier. The company’s net loss, after tax was $22 million in the first quarter, compared to a $67 million […]
Danaos CEO does not believe trade dispute will cut box-ship ton-mile demand.
Shipping’s ‘trade war’ equation is not measured in tons at sea, it’s measured in tons times miles at sea.
U.S.-based container ship operator Matson (NYSE: MATX) reported first quarter 2019 results that were above analysts’ estimates, thanks to strength in the company’s logistics business. The Honolulu-based Matson reported net income of $12.5 million for the first quarter, down from the $14.2 million it reported a year earlier. But earnings per share of $0.29 managed […]
Shipping container maker Singamas Container Holdings (HKEX:716) has announced that it will sell five of its subsidiary companies to Cosco Shipping Financial Holdings for RMB 3.8 billion. That’s about US$565 million.
NYSE-listed Global Ship Lease is reporting improved conditions in the container ship chartering market.
According to Seaspan Corporation, the largest U.S.-listed container-ship lessor, liner companies are pulling vessels from service to install scrubbers, which is increasing demand for new charters.
Momentum is building to limit the speed of ocean-going vessels to curtail harmful emissions. The debate will focus on how this could impact charter rates, and whether it could have the unintended consequence of creating even more emissions-generating ship capacity.
In the second-part of its series on the Panama Canal, FreightWaves interviews a canal authority executive on trends for container-ship transits and expectations for ship size growth in the years ahead.
Nick Brown, head of marine at classification society Lloyd’s Register, is at the front lines of ocean shipping’s technological evolution. He explains how he sees this transformation playing out.
Australia’s import, export and logistics industries are in dismay at a massively escalating series of surcharges that are being unilaterally charged to truckers and shippers by the nation’s main box terminal operators. There have been hikes in surcharges of hundreds of percentage points. And, in one case, an imposed surcharge was literally increased over a couple of years by 2,372 percent. Industry executives are furious.