Shipping news

Beware less competition in container shipping

http://www.straitstimes.com/business/bew...r-shipping

Batting In Hostile Conditions? Watch Deliveries Closely…
https://clarksonsresearch.wordpress.com/...s-closely/

The report reflects the current shipping market...

Shipping group CMA CGM targets US$1 bil savings in tough market

PARIS (May 20): France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted US$1 billion ($1.4 billion) in cost cuts to keep operating margins positive during the current market downturn.

Weak freight rates in the past year have left many lines operating at a loss.
...
http://www.theedgemarkets.com/sg/article...ugh-market

http://www.hellenicshippingnews.com/pana...ade-nears/

What is the impact of a new expanded panama canal?

To me, one possibility is that container ship rates are going to face even more pressure, considering the travelling time for ships will now be shortened, thus increasing a "supply" of ships.

I wonder how shipping trusts like Rickmers will respond to it.

For oil side, this may also mean competition for the middle East as US producers and ports in the West of America will now be able to compete with the middle Eastern Nations. Wonder how this will shape up

Ships Have Gotten Too Big
http://www.bloomberg.com/view/articles/2...en-too-big

A Holiday Season Question: Are We Nearly There Yet?
https://clarksonsresearch.wordpress.com/...there-yet/

Stranded Hanjin Ships Spur Highest Rates in Over a Year: Chart
http://www.bloomberg.com/news/articles/2...year-chart

Lowest Level Of Newbuilding Contracts In 20 Years
http://www.hellenicshippingnews.com/lowe...-20-years/

if 2016 is bad, 2017 is WORST! :O

(13-09-2016, 03:20 PM)Behappyalways Wrote: Lowest Level Of Newbuilding Contracts In 20 Years
http://www.hellenicshippingnews.com/lowe...-20-years/

Nice CGT graph there. 

iT seems things from 1996 till 2002 were pretty consistent below 20mio CGT. Sudden boom in 2003 above 30mio CGT for all years except for 2009(GFC), 2012 (End of QE2) and this year 2016 (oil/commodity price crashed)

The boom years seems to tally somewhat with the credit boom periods, maybe cheap financing allowed shipping company to increase leverage and expand fleet??

given that in 2007 CGT hit 90mio(3-4 years supply), 2006 hit 70mio+(3yrs supply) and 2013 60mio(2-3 yrs supply), it seems there have been enough ships built that are less than a decade old, to transport whatever we need to transport for many more years to come.