THE London-based shipping research and consulting firm Drewry is forecasting most container carriers will have small profits in 2017, after losing money last year.
JUST when experts say containerships are as big as they will get, Japan’s Mitsui OSK Lines takes delivery of the 20,170-TEU MOL Triumph, the world’s biggest box ship for now.
PRIVATISATIONS have been a key plank of Greek international bailouts since 2010, but have reaped only EUR4 billion (US$4.23 billion) so far versus an original target of EUR50 billion due to political resistance and red tape.
TWELVE of the world’s 25 largest shipping lines in the first nine months of 2016 suffered a combined net earnings decrease of US$13 billion, while average spot rates on the Shanghai-Rotterdam trade route were down to $618 all-in per TEU, equivalent to a suffocating $0.06 per nautical mile, according to Dynamar.
AFTER a quite spell at the end of last year, demand for large and very large charter box vessels has perked up with the market registering its first small gains in a long time last week as fixing activity proved surprisingly brisk after the festive season.
A NEW era for the containership sector has been ushered in with the opening of the new, expanded Panama Canal in June, and is prompting significant changes in asset and deployment trends.