No port in a storm

Forget anything the politicians tell you about the duration of this recession. The same goes for the financial pundits. Look at the evidence ... to start. He has a romp round the shipping scene, telling us that "freight rates for containers ... Purchasing.com points to the "dramatic decline in ocean container shipments from Asia", but it also [more...]

Date: 2009-01-14 12:53:00

Blog posts (16) | No video
 

MARKETPLACE: "The Mega Containers Invade: As Freight Rates Plunge, Gargantuan Carriers Hope to Muscle Aside Smaller Rivals," by John W ... about the inevitable consolidation in the container-ship industry that comes about with such savings [more...]

Date: 2009-02-26 18:41:09

So much for international trade

Shipping rates hit zero as trade sinksFreight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records ... , a broker at Transport Trackers in Hong Kong. "We have seen trade activity fall off a cliff. Asia-Europe ... Index (BDI) which measures freight rates for bulk commodities such as iron ore and grains crashed [more...]

Date: 2009-01-16 02:26:00

good recovery today

good recovery today January 17th, 2009 Amit ji, Thanks a lot for ur input ... , although the freight rates are falling > like a meteor (20′ container to Europe Base Ports used ... in from these markets. > > My turnover has been affected due to fall in Freight Rates, but somehow [more...]

Date: 2009-01-17 19:15:05

Shipping Rates Fall To Zero...

Nearly-free shipping just to move the cargo out of the ports. via Telegraph(UK) ... Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time ... in October. "They have already hit zero," said Charles de Trenck, a broker at Transport Trackers in Hong [more...]

Date: 2009-01-16 00:42:00

Markets In Everything: Free Shipping

UK TELEGRAPH -- Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, ... fees from North Asia have dropped $200, taking them below operating cost. Industry sources said [more...]

Date: 2009-01-16 19:51:00

UK Telegraph: Shipping Rates Hit Zero

Get your fresh hot dry bulk shipper! Baltic Dry Index up 3% signaling its time to daytrade dry bulk shippers - send 'em up 30%! Global growth is back! ... " Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since [more...]

Date: 2009-01-16 13:22:40

Rail Budget 2009 Lalu prasad

Congress guided Lalu prasad Vadav announced 2009 rail budget in Lok Sabha on Friday with 2% cut in prices of all trains ... expense by Rs 13,500 cr * Steep fall in container traffic * Work on Delhi-Mumbai freight corridor ... * Accidents come down from 325 in 03-04 to 194 in 07-08 * Railways has grown freight at the rate [more...]

Date: 2009-02-14 13:53:28

Maersk Line will defend its market share

COPENHAGEN — All container shipping companies are likely to lose money this year and some will go out of business if freight rates do not recover, ... Maersk Line’s chief executive told Reuters on Monday. Eivind Kolding said in an interview that Maersk, the world’s largest container shipper, would survive the downturn although he believed the ... [more...]

Date: 2009-03-09 12:48:46

European-Asian trade falls off a cliff

Ambrose Evans-Pritchard has picked up on the decline in trade flows that many have highlighted in recent months ... , charging only for the minimal “bunker” costs. Container fees from North Asia have dropped $200, taking ... This is a whole new ball game,” said one trader. The Baltic Dry Index (BDI) which measures freight rates [more...]

Date: 2009-01-14 14:38:35

Asia-Europe Shipping Rates Drop to Zero

I know I sometimes go for hyperbole in headlines, but the statement above is accurate. Your humble blogger had expected China ( ... " costs. Container fees from North Asia have dropped $200, taking them below operating cost. Industry ... . The Baltic Dry Index (BDI) which measures freight rates for bulk commodities such as iron ore [more...]

Date: 2009-01-14 07:45:29

Trade Watch: Further Confirmation of Slowdown in Container Shipments

We've taken an interest in shipping as an indicator of international trade ... annual volume growth and buoyant freight rates it has enjoyed for nearly all the seven years since China ... and Europe or North America for a fraction of the trucking or rail costs of moving it a few hundred [more...]

Date: 2008-12-18 08:16:40

The Mega Containers Invade

JANUARY 26, 2009 By JOHN W. MILLER Container shippers are unleashing a wave of titanic vessels on the oceans during the biggest dip in global trade since World War II. The trend could keep sea freight rates depressed well into 2010. That's good news for their customers, the millions of businesses big and small that import parts [more...]

Date: 2009-02-21 11:53:00

Shipping slowdown in Singapore

Container traffic through Singapore ports shrank 19 ... demand for goods, the shipping industry is facing one of its most challenging times. Shipping lines have responded by sharply cutting capacity to reduce costs and push freight rates back up. APL [more...]

Date: 2009-02-20 00:55:00

Container lines slash capacity from Asia-Europe trade lanes

Update: 10-31-08 APL is slashing capacity in Asia-Europe and the Transpacific as well: ... -Europe services in the face of depressed demand and plunging freight rates. Earlier this week, New [more...]

Date: 2008-10-31 16:42:05

Two Charts Signaling TrouBULL Ahead

If I were a bull, the following items will bother me. First, weak financials. Second, GE is acting weak ... the company’s profit might be driven largely by tax gains. Finally, Markit CMBX-NA-AAA 5 Spread at 675 ... freight rates hit zero. Via FT Alphaville: Freight rates for containers shipped from Asia to Europe [more...]

Date: 2009-01-08 01:35:47

16 Results