Blogs

Credit: Videck

Who is Responsible for the Cost of Over-Lashing?

By Will van 't Hek 2018-02-22 19:41:34

When more lashings than needed are applied to a cargo on board, unnecessary costs have been made and valuable time has been lost. There are several parties involved in the process. From a shipping line, engineering company, freight forwarder, asset owner, insurance company to a supercargo and even surveyor(s). When cargo is available on the market, an asset owner will offer it himself or through a freight forwarder. The freight forwarder checks who can transport the cargo from A to...

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tanker

Middle East Gulf Oil Exports Soar in January 2017

By Matthew Wheatley 2017-02-10 14:16:35

During January – a month when all eyes were on oil production cuts – exports leaving the Middle East Gulf (MEG) region hit the highest level in at least two years, according to Genscape. At the end of November 2016, the Organization of the Petroleum Exporting Countries (OPEC) addressed the perceived global oversupply of oil and consequent low prices. OPEC members agreed that all countries, except Iran, would cut total production by 1.2 million barrels per day (bpd), starting on January 1.  In...

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vancouver

Advantage Vancouver: Building a Maritime Hub

By VIMC 2017-01-29 19:44:38

As Canada’s largest port, Vancouver B.C has always been big on shipping. Now they have their sights set on becoming a world-class maritime center. “There’s no problem selling Vancouver,” says Kaity Arsoniadis-Stein, Executive Director of the Vancouver International Maritime Center (VIMC), the organization heading up the expansion initiative. “We have had tremendous interest in Vancouver as a place to establish and invest, with top-level crowds at our marketing events around the world.” She points out that despite the current slump...

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Breaking

Uncharted Waters for Shipping

By Basil Karatzas 2015-11-25 13:34:07

Having returned from a lengthy business trip to Europe, one has the feeling that something is different this time with the shipping markets. We all knew that the market has been through some rough seas ever since the monumental collapse in 2008, but there almost always were slivers of hope and optimism, that the market would eventually recover and the market correction would just be a port call that didn't pay well. However, “This time is different” seems to hold...

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Bulk Carrier

WWIID: What Would the Institutional Investors Do?

By Basil Karatzas 2015-05-19 17:45:32

The dry bulk market has been in the doldrums for so long now that talks for a market recovery resemble the biblical story of Lazarus’ resurrection.  Probably the news is not deadly bad, but again shipping is known to be a very moody industry.  On the other end of the spectrum, tankers and containerships are performing fairly well, and they definitely are working miracles as far as the dry bulk market is concerned. No wonder that there is...

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pen and hand

Blog: Show Me the Money Please

By MarEx 2015-04-29 20:32:48

By Siri Wennevik and June Ho Shipping loans, including export credit financing and lease financing, have been the traditional sources of finance in shipping for several decades. In the last couple of years however, waves of private equity (PE) money have flowed into shipping, fuelled by a financial environment where banks no longer have the lending capacity or appetite for perceived high-risk lending.  What are Private Equity funds?  These are collective investment schemes used for making investments in various equity...

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Bulk Carrier

Consolidation and Shipping: A Cure for All?

By Basil Karatzas 2015-04-10 11:25:02

Since the initial collapse of the shipping industry in the second half of 2008, many remedies have been proposed for a market recovery, ranging from pragmatic (slow steaming, etc.) to utopic (accelerated demolitions for older tonnage, shipowner self-discipline and abstinence from newbuildings, etc.). Depending on the point of view, remedies proposed included M&A, market consolidation, selective financing from banks and financiers, etc. The consolidation theme has been particularly in the news for the last several years, and now five years...

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oil barrel money

Great Minds Think Alike, That's the Problem

By Haifeng Wang 2015-04-08 16:46:28

The spectacular collapse of oil prices in the past nine months has generated much buzz and fanfare (see chart below). Investors have piled on billions of dollars, betting a rebound of oil prices, which had been hovering around $100 per barrel for years. The action is emblematic of the famous mantra of “be greedy when others are scared, be scared when others are greedy,” and served many people well in seizing opportunities created by market chaos. However, people may have to...

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The People's National Congress

Yesterday No More

By Haifeng Wang 2015-03-21 20:02:17

The news coming out of the People’s Congress, that concluded last week in Beijing, sent mixed signals to the international market. Some people focus on the news that Li Keqiang, China’s Prime Minister, publicly acknowledged the economy was in a bad shape and lowered the economic growth target to 7%. Others point to more upbeat news that China will add measures in the coming months to re-energize the languishing economy. The latter news may be a silver lining to the...

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Cargo Vessel

Doubling Down as an Exit Strategy?

By Basil Karatzas 2015-03-18 17:32:32

The present state of the dry bulk market has caught many people in shipping by surprise; the wave of the orderbook getting delivered in 2015 onwards was expected, but several macro factors – and primarily China’s slowdown – were not properly factored in; as a result, dry bulk rates are close to thirty-year lows. Other sectors in shipping such as tankers and containerships – although markedly with cash flow positive numbers – have not been doing exceptionally well either. And now, with the...

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