Container Industry: Slump to 50 Year Low

Thursday, September 01, 2011

According to a report on Bloomberg, the container-shipping industry is dealing with the longest stretch of near-zero rates in its half-century history on the Asia-to-Europe route, a double whammy of stagnate global economy and a capacity glut.
Commerce on the world’s second-busiest container route rose 4.2% in the second quarter, according to the Bloomberg report, the weakest since the end of 2009, Woking, England-based Container Trade Statistics Ltd. estimates.
Container trade on the Asia-Europe route will expand by an average of 4 to 6% this year, compared with 15 percent growth in fleet capacity, according to Morgan Stanley, cited by Bloomberg.
The Asia-to-Europe container route is exceeded only by trade from Asia to the U.S. West Coast and accounts for about 9 percent of annual global shipments of 139.9 million 20-foot equivalent units, the benchmark container size, according to Clarkson Plc.
 

Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

NYK Opens New Planning Center in Kumamoto

On September 1, 2014, NYK and Kozo Keikaku Engineering Inc. established a stowage planning center for container shipping at the Kumamoto office of Kozo Keikaku Engineering Inc.

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

No Sign of Ultra-Large Containership Mega Hubs: Analysis

Contrary to the views of some in the industry, Ultra Large Container Vessels are continuing to call at multiple North European ports per loop and are not concentrating on a mega-hub,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0722 sec (14 req/sec)