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SeaIntel: Low rate levels are new reality

Container:

Spot rates between Asia and Europe were last week proclaimed to be at the lowest level ever. But if one takes the BAF surcharge into account, then this is not the whole truth, writes SeaIntel in a new analysis.


KATRINE GRØNVALD RAUN
Published 27.04.15 at 10:02

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Most read Container

Maersk Line to pay EUR 3.7 bln for Hamburg Süd

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Maersk Line will pay EUR 3.7 billion for German container carrier Hamburg Süd. The boards of directors at the two companies have now cleared the transaction, which is expected completed in late 2017.

Maersk Line: 2017 off to a good start

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2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.

Rickmers Maritime Trust sells entire fleet to Navios

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Rickmers Maritime Trust is selling its entire fleet of container vessels to a Greek carrier. The sale comes one week after the Singapore-based company announced that it was giving up after battling to survive for months, and would close down.

Top analyst shoots down container carrier optimism

Container:

Alphaliner's chief analyst, Tan Hua Joo, is one of only a few external experts who has been asked by the container sector's secretive Box Club about his view of the future. He now warns the carriers of a worrisome development.

First 20,000 teu container ship hits the water

Container:

The world's first container ship with a capacity of a little over 20,000 teu has hit the water. The ship belongs to Japan's Mitsui OSK Lines, which could lose the record already this year.

Lloyd's Register: 24,000 teu ships on the way

Container:

The container industry is very interested in container ships in the size of 24,000 teu, classification company Lloyd's Register tells ShippingWatch.

Current front page

Maersk Line to pay EUR 3.7 bln for Hamburg Süd

hamburgsud4.jpg Container:

Maersk Line will pay EUR 3.7 billion for German container carrier Hamburg Süd. The boards of directors at the two companies have now cleared the transaction, which is expected completed in late 2017.

Aker BP drills its way to impressive result

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Last year's merger of Det Norske and BP seems to have paid off. The resulting company, Aker BP, is now raking it in.

OOCL grew its volumes in the first quarter

Container:

Orient Overseas Container Line, OOCL, carried more containers in the first quarter, but the prices have been somewhat under pressure since the beginning of the year.

US shale boom puts pressure on the entire industry

Tanker:

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.

Japan's three major container carriers believe in 2017 gains

Container:

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.

Belgium's Exmar calls off purchase of Dutch gas fleet

Tanker:

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.

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