Profitable Short Sea Market Not Before 2020
The second Bloem Doze Nienhuis short sea study shows a cargo demand of around 1.8 billion tons between 2005 and 2012. In the same period the supply of the short sea fleet increases by 20%, from 38-47 million tons dwt. In 2005, the short sea industry witnessed a reasonable level of profitability. With an annual growth of demand by 4% and a stable fleet size, the market will reach a new balance only in 2020. The first Bloem Doze Nienhuis study signalled strongly volatile freight rates, mainly caused by a fragmented supply of tonnage. Mergers, joint-ventures and pooling agreements were suggested to improve utilization rates of vessels, as were as a better use of economies of scale. During 2012 and the first half of 2013 freight rates reached new all-time lows.
Maritime Policy is Central Theme at Russian-Dutch Conference
New public policy priorities, government support and legislation for navigation on inland waterways in Russia, as well as fleet modernisation and waterways infrastructure will be discussed during the conference āRussian-Dutch Bilateral Year 2013: the Strategy of Water Transportā. Key speaker during the conference will be Viktor Olersky, deputy Minister of Transport. The conference takes place on September 24, 2013 in pavilion 7 of the Lenexpo in St. Petersburg. The conference will be co-chaired by Mr. Olersky and Siebe Riedstra, Secretary General of the Dutch Ministry of Infrastructure and the Environment. Speakers include Mr Konstantin Palnikov (Director of Department of State Policy of Maritime and river transportā¦
