Category Archives: Maritime

OPUS Bulk

New Policy for Dry Bulk Cargo for Major Ports from August 20

NEW DELHI – To increase efficiency of major ports, a new berthing policy for dry bulk cargo will be in place from August 20, the government said today. “Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all major ports which will come into effect from August 20, 2016,” Ministry of… Read More »

Changing Alliances for Container Market

Changing Alliances for Container Market New Mergers in Shipping Companies CMA-CGM, world’s No.3 shipping company, has confirmed its decision to purchase APL while COSCO simultaneously enclosed deals to acquire CSCL’s container division. As of 2016, APL (G6) and CSCL (O3) will continue business under their respective alliances for the time being, but more changes are expected in 2017.-… Read More »

Removal of sanctions in Iran eases burden for Oil Tanker Market

Removal of sanctions eases burden for Oil Tanker Market Oil Tanker Market Iran’s efforts to grow oil exports are likely to increase seaborne trade volumes, offsetting some pressure on the oversupplied tanker market. – Mehdi Asali, OPEC’s Iranian Representative, said on Jan 16th that Iran is ready to boost crude oil production 500,000 barrels per… Read More »

Long-Term Transport Contracts Bring Benefits to Shippers, Too

Long-Term Transport Contracts Bring Benefits to Shippers, Too   BDI reached 498p, the lowest ever, on November 20th, and has since remained around 500-599p. Thanks to the continuing low freight rates due to an oversupply over an extended period, shippers are reaping benefits from lowered transport cost, whereas carriers have no choice but to operate… Read More »

Implications of Maersk’s Restructuring for Shipping Market

Implications of Maersk’s Restructuring for Shipping Market   Maersk announces a restructuring plan In early November, Maersk, the global leader in shipping, announced an aggressive restructuring plan to reduce cost by making its organization slimmer and reducing investment in new vessels for next two years. Maersk’s plan charted three things to do: manpower reduction, vessel… Read More »

Factors That Will Control Future Container Shipping Market

Factors That Will Control Future Container Shipping Market This year, the container shipping market has seen a depression that is worst ever in history, while countless shipping-related organizations do not see a brighter future for the market. Looking at the factors that will drive the container shipping market for next several years, one sees more… Read More »

Supply, Not Demand, to Decide Container Cargo Rates

Supply, Not Demand, to Decide Container Cargo Rates This year, container freight rates have been dropping. Freight rates for European routes, which began on 9th January at 905 dollars per TEU for cargo originating from Shanghai, dipped below 300 dollars per TEU for three weeks in June and three weeks in October, thus registering a… Read More »

Why Large Shippers Are Obsessed with Shipping Market

In our last article, we said that dry bulk carrier market will see increasing influence of large shippers. Particularly, large shippers are exercising a powerful influence on the shipping market mainly by chartering ships instead of owning them. To be specific, large shippers prefer to charter rather than own ships, because they see less financial… Read More »