While an increasing number of customers are hedging themselves against rate fluctuations, the business is also seeing signs of capacity problems from the Far East, says DSV CEO Jens Bjørn Andersen in an interview with ShippingWatch.
DNB remains challenged by loans to the shipping industry, though the bank predicts improvements in 2014 and 2015. But many new ships in both dry bulk and tanker could disrupt a potential rebound, says the bank.
Swiss Mediterranean Shipping Company is just about the lowest ranked carrier in a new schedule reliability survey among the 20 biggest container carriers, while Maersk Line remains the most reliable carrier.
With the appoint of several new senior executives, Dan-Bunkering wants to ensure that the company can live up to its new strategy and continue its growth ambitions. The new Head of Operations, Asia, will join Dan-Bunkering's management team.
2M is registered in China, the crisis in German shipping, the new Russian sanctions and their impact on shipping and shipyards, as well as several noteworthy interim reports. These were among some of the top stories on ShippingWatch this week.
Following a significant decline in the import of lumber and logs to China in the first quarter this year, the market saw a radical turnaround in the second quarter, almost reaching a new all-time high.