A shipping cycle downturn, the cost of fuel for ships, geopolitical change, the regulatory challenge and the information revolution are the five factors which will change shipping in the years to come,” Clarkson’s President for Research states.
The imbalance between the global markets forces Maersk Line to sail around with 4 million empty containers a year, and there is no immediate solution to the problem, says the shipping company to ShippingWatch.
According to the latest report from Drewry, Drewry Logistics Executive Briefing for importers and exporters, general rates increases are slowly coming to an end as carriers come under pressure. However, Drewry warns that customers on transpacific routes must expect Peak Season Surcharges.
Transparency has become a plus word at the Maersk headquarters since Nils Smedegaard was brought in to join Maersk. Among other missions, Smedegaard was tasked with modernizing the image of the company. He has been very successful in doing so, states Associate Professor Martin Jes Iversen of Copenhagen Business School.
US shale oil is now being produced at such a rate that it could threaten the stability currently enjoyed by the sector, projects Rystad Energy. One of the major suppliers of offshore rigs, shipbuilder Keppel, does not see a recovery anytime soon.
The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.
Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.