ShippingWatch

Last week's top stories on ShippingWatch

New dramatic slides in the container rates between the Far East and North Europe, a new heavy lift carrier based in Hamburg, and the consequences of the plummeting oil price in the oil industry and tanker market characterized the past week on ShippingWatch.

Photo: Ole Lind/Jyllands-Posten

Has anyone seen the bottom?

Is there even a lower limit to how far the prices for transporting a container from Asia to North Europe can fall? For the past 11 weeks, this has not seemed to be the case, and the rates dropped even further in the past week to a new all-time low.

SeaIntel: Customers beat container carriers on rates

Photo: London Gateway
Photo: London Gateway

Drewry: 2015 another year with too many mega-vessels

Alphaliner: Room for further decline in record-low container rates

SeaIntel: Railroad stealing market shares from ocean freight

SeaIntel: Mega-vessels reduce shipowners' flexibility

 

New German heavy lift venture

Danish Lars Rolner is behind the new heavy lift carrier United Heavy Lift in Hamburg. In an interview with ShippingWatch, he explained why he decided to launch the carrier in the midst of a crisis, and he talked about his ambitions for the company.

New heavy lift carrier established in Hamburg

Photo: Ole Lind/Jyllands-Posten
Photo: Ole Lind/Jyllands-Posten

CEO: Here is how United Heavy Lift will succeed

 

The party is over...

The impact of the sliding oil price on the offshore industry is illustrated almost daily through new layoffs and contract renegotiations.

Maersk Oil to lay off 200 employees

World's largest oil service company fires 11,000

Oil companies scrutinizing suppliers to cut costs

30 supply ships without work in the North Sea

Maersk Supply Service under daily pressure from customers

 

... just not in the tanker market

The global tanker market is booming, especially for crude oil transports.

Pareto: Fredriksen could reconquer tanker market

Fredriksen eliminates final obstacle for tanker giant

Photo: Euronav
Photo: Euronav

Canceled newbuildings could push tanker market to boiling point

 

Further reading

New Evergas CEO: We need to start on LNG

NGO praises Boskalis for new scrapping practice

Japan's Weathernews expands in Europe 

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

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