Shipping news

[CY09]

Please stick to the focus of this thread - shipping

[Behappyalways]

Spot box rates rise above 5-year average
http://www.hellenicshippingnews.com/spot...r-average/


Hope springs eternal, especially in container shipping
http://www.hellenicshippingnews.com/hope...-shipping/

[Behappyalways]

Container shipping lines earned $42 less per TEU in 2016
http://www.hellenicshippingnews.com/cont...u-in-2016/


2016: Dissecting The Numbers Up And Down The Fleet
http://www.hellenicshippingnews.com/2016...the-fleet/

[Behappyalways]

Shipping's Long, Slow Turn
https://www.bloomberg.com/gadfly/article...-slow-turn

[Behappyalways]

Was NOL sold at a low??? ^^

2017: The Year For Shipping Companies?
http://www.hellenicshippingnews.com/2017...companies/

[Behappyalways]

This is what it is happening to RickmersMaritime. The banks are chasing them for $$$ and no one wants to buy their ships because it is cheap to build a new one which comes along with greater savings in fuel, carbon emission and etc. Hence to the scrap yard even though it is relatively 'new'. So one might see a lot of 'force' demolitions.....

Shipping slump: Why a vessel worth $60m was sold as scrap
http://www.bbc.com/news/business-38653546

[Behappyalways]

South Korea’s bankrupt Hanjin Shipping has vessel sold by Singapore court
http://www.hellenicshippingnews.com/sout...ore-court/


Soaring capesize rates push Baltic index to 12-wk high
http://www.hellenicshippingnews.com/soar...2-wk-high/

This is what it is happening to RickmersMaritime. The banks are chasing them for $$$ and no one wants to buy their ships because it is cheap to build a new one which comes along with greater savings in fuel, carbon emission and etc. Hence to the scrap yard even though it is relatively 'new'. So one might see a lot of 'force' demolitions.....

Shipping slump: Why a vessel worth $60m was sold as scrap
http://www.bbc.com/news/business-38653546

[Behappyalways]

(Will higher demo rates spur more demolitions???)

demo-rates-set-to-crash-through-the-400-per-ldt-mark-for-first-time-in-nearly-two-years
http://splash247.com/demo-rates-set-to-c...two-years/

[CY09]

http://splash247.com/better-burn-rust/

Nice and short opinion piece.
No matter how many bankruptcies are there, if ships are merely transferring ownership; the supply is still there causing the same overcapacity glut

[Behappyalways]

11-year-old-panamax-bulker-doubles-price-since-october
http://splash247.com/11-year-old-panamax...e-october/


Drewry: World Container Index – 23 Mar 17
http://www.hellenicshippingnews.com/drew...23-mar-17/