The Tanker Market: 2019 and Beyond
Late 2018 saw the tanker market bubble upwards through late November, with daily vessel hires moving in the direction of, though not yet reaching levels not seen since late 2014-2015, when oil prices were in freefall and inventories building to the brim. A few pundits have suggested that we are seeing a “mini 2014” where lowered oil prices are coaxing another inventory build which would drive tanker capacity utilization, and per diem freight inflows, higher. The oil market has changed over four years…
Cosco Blame it on Weak Shipping Industry
The global economic recovery was slower than expected and the overcapacity problem in the shipping industry remained serious, in the first half of 2015, says COSCO International Holdings. This drove stable business volume to the Company’s business segments which serve for operating vessels. On the contrary, the Company continued facing pressure from the clients who tightened cost controls due to the weak shipping industry. Amid the changing business environment and challenging market conditions, COSCO International achieved satisfactory results in the development of new non-COSCO customers and new products by adjusting its business strategy…
SMM Finance Forum: ‘Banks are Lending Again’
For Dr. Carsten Wiebers, Global Head of Maritime Industries at KfW IPEX-Bank, and member of the SMM Advisory Board, innovative financing solutions are key to Europe's continued international competitiveness in maritime high technology. On September 8, 2014, or SMM Finance Day, the SMM Ship Finance Forum will be held for the second time in conjunction with international maritime trade fair SMM. The forum, which will answer questions revolving around financing solutions for global shipbuilding and shipping, will be subdivided into three overarching topics.
Ramsauer Gives Assurance of Rapid Aid
Infrastructural bottlenecks in port hinterland traffic are becoming increasingly acute, irrespective of the mode of transport, and are fuelling growing alarm among all the players involved. Such was the universal feeling at the parliamentary evening in Berlin organized by Port of Hamburg Marketing and attended by Peter Ramsauer, Germany’s Minister of Transport, and around 150 high-ranking representatives of the world of politics, business and trade associations. For currently compelling reasons…
