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16-04-2017, 06:36 PM
(This post was last modified: 16-04-2017, 06:40 PM by CY09.
Edit Reason: edits
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A normal train is only able to carry about 300 teu of containers (no more than a feeder container load). It is just that trains are faster to reach their destination than ships.
So all in all, box containerships will still be the mainstay.
One bad thing about shipping is the opening of the new panama canal. It enables larger containership to pass through cutting their journey time. This results in more container ship capacity without adding new builds to the system
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From 18.75 m to just below 28 m in only a few months………Wow!
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Compass Maritime Weekly Report:
13th April 2017 Week 15;
http://www.compassmar.com/reports/Compas...Report.pdf
The upward surge of bulk carrier prices in the past six months continues and was highlighted this week by the steep price increase obtained by Eastern Pacific Shipping (Idan Ofer group) from the sale of an eight year old Korean built Capesize bulk carrier. They purchased the M/V "MOUNT MERU" (179,147 DWT/Built 2009 at Hyundai in Korea) in November 2016 from the Hanjin Shipping creditor Korean Development Bank for about $18.75 mill. and have reportedly flipped the vessel to the investor group Songa Bulk of Norway for just below $28 mill.! Songa Bulk was launched in August 2016 and has now purchased 10 vessels, spending about $170 mill. They are now fully invested, and it is expected that they will take on some debt to continue their fleet expansion.
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Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.
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Weekly shipping market update Week 15 (2017)
By Allied Shipping Research
http://www.hellenicshippingnews.com/wp-c..._2017b.pdf
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Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.
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Singapore Maritime Week 2017 focusses on navigating through challenging times
17th April 2017
Singapore Maritime Week (SMW) 2017 reflecting on difficult markets and technological change is themed around “Navigating through challenging times”.
In its 12th year SMW 2017 will feature over 30 events with a projected 50,000 participants with 20,000 trade visitors and 30,000 at outreach projects.
“SMW 2017 brings to the table in-depth insights that will allow participants to sharpen their understanding of the dynamic maritime landscape, and in turn equip them with the readiness and in-depth knowledge to navigate through these challenging times,” said Andrew Tan, chief executive of the Maritime & Port Authority of Singapore (MPA).
A key highlight of the week will be Sea Asia 2017 co-organised by Seatrade and the Singapore Maritime Foundation (SMF) that will host more than 16,000 people from 80 countries over three days from 25 – 27 April. The exhibition will feature over 400 exhibitors occupying over 8,000 sq m of space at Marina Bay Sands..............................................
http://www.seatrade-maritime.com/news/as...times.html
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Maritime leaders to debate the future of the private independent shipowner
18TH April 2017
http://www.seatrade-maritime.com/news/as...owner.html
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Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.
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(Bloomberg Intelligence) -- A number of issues with Polaris Shipping's fleet could have a ripple effect on dry bulk rates if not swiftly rectified. In April, Polaris' Stellar Daisy (266,141 deadweight tonnes) sank, while the Stellar Unicorn (279,022 DWT) was forced to come out of service for urgent repairs. This month, the Stellar Queen (304,850 DWT) is now docked due to cracks found by its crew on its upper deck. These events could help bolster dry bulk rates, especially for capesize rates, since VLOCs tend to be on long-term charters.
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