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Articles Tagged with ''maritime shipping''

On-Time Performance of Container Vessel Industry Gets Off to Slow Start in 2016

February 18, 2016

Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Ocean Shipping Industry's Fortunes Rise - and Fall - on Business With China

February 17, 2016

Business Week

Shipbuilders, container lines and port operators feasted on China's rise and the global resources boom. Now they're among the biggest victims of the country's slowdown and the worldwide decline in demand for oil rigs and other gear amid the oil price plunge.

Shipping Rates for Chemicals Expected to Face Pressure This Year

February 12, 2016

Drewry

On the back of low bunker prices and more newbuildings to be delivered in 2016, chemical shipping freight rates for both contracts of affreightment and spot cargoes will be under pressure throughout 2016, as there are some new operators looking to break into the long-haul trade routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.

U.S. Expected to See Retail Imports Grow 4.5 Percent in First Half of 2016

February 11, 2016

NRF

Import cargo volume at the nation's major retail container ports is expected to decline year-over-year for the next few months, but the first half of the year should still amount to a 4.5-percent increase compared with the same period last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Tianjin Port Explosion May Rank as Worst Marine Insurance Disaster

February 9, 2016

Maritime Executive

Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.

Continued Battering Seen for LNG Shipping Industry Profitability

February 4, 2016

Drewry

LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.

Logistics Industry's Improved Outlook in January Could Be Short-Lived

February 1, 2016

Transport Intelligence

With a score of 45.9, the January edition of the Stifel Logistics Confidence Index has marked a monthly recovery in an otherwise gloomy tale of decline.

'Drastic' Measures Needed if Dry Bulk Shipping Is to Become Profitable Again

February 1, 2016

Drewry

Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.

Projected 4.6 Percent Growth in Container Ship Capacity Is 'Slowest' Rate in More Than 25 Years

January 29, 2016

Maritime Executive

Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday.

Chinese Unit of Amazon Wants to Enter Ocean Freight Forwarding

January 20, 2016

Maritime Executive

Amazon.com's China arm has registered as an ocean freight forwarder, according to the U.S. Federal Maritime Commission, a move that will give it more control over shipping products from Chinese factories to U.S. shoppers.