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.
BY OLE ANDERSEN
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.
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.
The European Community Shipowners’ Associations echoes the criticism from national associations regarding the Norwegian law proposal on seafarers’ pay and working conditions. The proposed law seems to overstep several international laws, according to the organization.
Dry bulk spot rates have fallen dramatically throughout 2022 compared to the high levels seen last year, and there are no prospects of rates reaching the 2021 level any time soon, Cargill Ocean Transportation CEO Jan Dieleman tells ShippingWatch.
Last year’s enthusiastic display in shipping regarding the green energy transition is harder to see now, after elevated costs and energy prices have stolen the spotlight, says chief executive of Belgian shipping group CMB Alexander Saverys to ShippingWatch.
With the sale to Alfa Laval-owned Stormgeo, bunker planning system Bunkermetric will be applied to thousands of ships. Now it’s about helping vessels navigate increasingly complex supply chains and environmental demands. The new owner is looking for more acquisitions.