Shipping news

[Behappyalways]

Baltic Dry Index Makes Highest One Day Gain of the Year so Far as Rate Surge Continues
http://shipandbunker.com/news/world/4226...-continues

[Behappyalways]

Baltic Dry Index Surges Through 600, Rounds Out Week With 2016's Largest One-Day Gain to Reach 635
http://shipandbunker.com/news/world/8419...-reach-635

[CityFarmer]

The result, is consistent with Baltic Dry Index? It is still at a low base, albeit it is an obvious up-trend. Will it sustain?

Maersk Q1 profit beats forecast, keeps full-year outlook
04 May 2016 14:15
[COPENHAGEN] Danish shipping and oil group AP Moller-Maersk reported a first-quarter net profit above analysts' forecasts, supported by higher container volumes and increased oil production.
...
REUTERS

Source: Business Times Breaking News

[BlueKelah]

The result, is consistent with Baltic Dry Index? It is still at a low base, albeit it is an obvious up-trend. Will it sustain?

Maersk Q1 profit beats forecast, keeps full-year outlook
04 May 2016 14:15
[COPENHAGEN] Danish shipping and oil group AP Moller-Maersk reported a first-quarter net profit above analysts' forecasts, supported by higher container volumes and increased oil production.
...
REUTERS

Source: Business Times Breaking News

nope looks like its coming down again. The stimulus boost from Chinese side special infrastructure fund seems to have done it work for a while though.

Maersk being the big company must be having a good time whilst the rest of the industry is consolidating.

[shanrui_91]

Baltic dry index affects mainly the dry bulk carriers - those that carry commodities in a perfect competition market.

Container shipping is a different business as their network is important like an airline. APM also owns many ports around the world. That say, container consolidation has been occuring at a faster pace than ever.

[BlueKelah]

Baltic dry index affects mainly the dry bulk carriers - those that carry commodities in a perfect competition market.

Container shipping is a different business as their network is important like an airline. APM also owns many ports around the world. That say, container consolidation has been occuring at a faster pace than ever.

where did you find out about the increasing pace of container consolidation? that's indeed interesting to read about...

It does sound like worldwide Oil/Shipping/commodity sectors are currently in a more accelerated pace of consolidation.

[shanrui_91]

Baltic dry index affects mainly the dry bulk carriers - those that carry commodities in a perfect competition market.

Container shipping is a different business as their network is important like an airline. APM also owns many ports around the world. That say, container consolidation has been occuring at a faster pace than ever.

where did you find out about the increasing pace of container consolidation? that's indeed interesting to read about...

It does sound like worldwide Oil/Shipping/commodity sectors are currently in a more accelerated pace of consolidation.

A year ago, Hapag-Lloyd (6th) merger with CSAV (19th) to form the 4th largest player. Last December, Cosco (6th) merged with CSCL (7th) to form the new 4th largest player. CMA CGM (3rd) acquiring NOL to further increase the gap from the 4th player, Cosco. Once all the merger are completed, top 4 players will own 48% of world's fleet. The larger players are getting larger.

Alliance - 2M (the 2 largets player) and now Ocean Alliance (CMA CGM, Cosco, Evergreen, OOIL) which is even larger than 2M.

[specuvestor]

nice piece of info... will it become oligopolistic or clash of the titans like Hard Disk Drive sector?

Are these top 3 players primarily focused on different routes like Trans Pacific, East Asia, Atlantic etc that means they are carving out their own turf?

[Behappyalways]

There was an article in TheEdge Malaysia on Maybulk dated 28 Mar 2016. It states that the BW group which set up BW Dry Cargo in Mar 2016 after more than 10 years away from the market. It is one of the smartest aleck on the street. Plus some of the big boys are starting to buy ships.

Baltic Dry Index Sheds 56 Points in 4 Days, Falls to 652
http://shipandbunker.com/news/world/4717...lls-to-652

[CityFarmer]

Alliance among the weaker, for survival...

Hapag-Lloyd, five Asian shipping lines said to form new alliance
13 May 2016 14:03
[TOKYO] Hapag-Lloyd AG, Germany's top container shipping line, and five Asian carriers will form a new alliance, people familiar with the matter said.

The partners will include Japan's Kawasaki Kisen Kaisha Ltd, Mitsui OSK Lines Ltd, Nippon Yusen KK, South Korea's Hanjin Shipping Co and Taiwan's Yang Ming Marine Transport Corp, the people said, asking not to be identified as the matter isn't public yet. The alliance is set to make the announcement Friday, the people said.

Global shipping lines are regrouping amid a glut in capacity that's depressed freight rates, and to compete more effectively against market leaders??AP Moeller-Maersk A/S and Mediterranean Shipping Co, which are allied under the 2M partnership.

They also have to contend with Chinese operators as the government consolidated operations of two major state-controlled groups, China Ocean Shipping Group and China Shipping Group.

"It's a grouping of the weak," said Minoru Matsuno, president of??a Tokyo-based investment advisory firm Value Search Asset Management Co, referring to the new shipping alliance.
...
BLOOMBERG

Source: Business Times Breaking News