Shipping news

[Behappyalways]

BDI hits year high

Baltic Dry Index Sees Resurgence as Asian Markets Return from Holiday
http://www.economiccalendar.com/2016/09/...esurgence/

[Greenrookie]

http://www.hellenicshippingnews.com/maer...takeovers/

Maersk trying to expand through acquisition in this consolidation phase. As mentioned in the hanjin thread, it's different from Lehman when no one dare to lend, no matter how profitable, we have bigger players who can't wait to gobble up smaller players for market share here

[Clement]

http://www.hellenicshippingnews.com/maer...takeovers/

Maersk trying to expand through acquisition in this consolidation phase. As mentioned in the hanjin thread, it's different from Lehman when no one dare to lend, no matter how profitable, we have bigger players who can't wait to gobble up smaller players for market share here

The parallel with Lehman is not from the perspective of lender trust but customer trust. Hanjin's customers experienced and continue to experience difficulties getting their cargo to the intended destinations due to no fault of their own. In today's world of JIT supply chains the degree of disruption and financial loss is significant.

Will shippers concentrate their shipping needs to financially stronger shipping lines in the future to mitigate "counter party risks"? Maersk seems to expect so.

[Behappyalways]

Drewry: Demolition men
http://container-news.com/drewry-demolition-men/

[Behappyalways]

Seven-year old containership sold for scrap by Rickmers in landmark deal
http://www.hellenicshippingnews.com/seve...mark-deal/

[CY09]

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

The article rings the somber truth of the shipping sector. Too much overcapacity is going on in container shipping; and shipyards are still building more ships to add to the supply glut. Judging from the article, there are about 3 million TEU of spare capacity ("14% spare capcity"). As reference, 3 million TEU is the monthly amount of cargo which passes through Singapore's 2 ports.

I am not optimistic of this sector in 2017 and definitely expect more consolidation to happen. A ratio of 1 country to 1 shipping line is my prediction.

Oil Tankers Segment is another danger with the over order of supply coming in amid less VLCC being used as storage tankers due to higher oil price.

<divested from FSL Trust>

[Big Toe]

I think the shipping industry sums up the common problem we face in the world today.
Too much supply, inadequate demand. More supply coming on-stream.
Prices coming down further even though current prices are not sustainable/profitable to the industry.
Overheads/cost increasing year on year. Likely to get worse before it gets better.

[BlueKelah]

Yup likely to get worse as interest rates go up. Many industries that have used cheap debt to leverage up will either go kaput or forced to deleveraging. Can only blame the central bank policies [FACE WITH TEARS OF JOY]



Sent from my MotoG3 using Tapatalk

[Porkbelly]

Doom & gloom ?

The sun shines in Singapore:

Banks are "resilient"
Manufactiring is on the "uptick"
Property market is "holding"
Tourism is "strong"
COE will remain "high"
E-commerce is "growing"
Inflation is within "expectations"
Unemployment is "manageable"

Doom & Gloom?...not according to the media... (hah!)

[Big Toe]

Oh yes, the media. Didnt one of the biggest media player in sg retrench recently?
And revenue is in a state of decline?