FTA – ESC joins GSF to tackle consolidation in global container shipping

 

 

 

FTA – Representatives of exporters and importers from around the world have joined forces to advance and protect their members’ interests in the face of unprecedented change in the global container shipping industry.

The European Shippers Council has joined the Global Shippers Forum to promote the findings of new research and analysis commissioned by GSF into the impacts of new ‘alliances’ being formed by container shipping lines and the growing use of so-called mega-ships (those with more than 18,000 teu capacity).

Shippers fear that the contraction of the shipping market into a very small number of tightly knit alliances, and the use of much larger vessels will reduce their choice of carrier and the quality of the services delivered as ca­rriers operating

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The Donald Trump Shipping Stock Boom

Euroseas is a tiny Greek shipping company with a fleet of 12 vessels and a penny stock traded on Nasdaq. On Tuesday, Euroseas’ shares rose by 100%. Since Donald Trump was elected president, Euroseas’ stock has nearly quadrupled. Seanergy Maritime, another small dry bulk shipping company that moves grain and coal, saw its shares soar by 75% on Tuesday. Shares of DryShips, a Greek shipping company that recently looked like it could be headed for bankruptcy, have climbed by 1,400% since Election Day.

President-Elect Trump’s initial impact on financial markets has been seismic, steepening the yield curve, sending copper prices soaring and sparking a broad stock rally in most sectors outside of technology. But one of the most bewildering and out-sized moves has been in

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Hanjin Ship Unloading at Long Beach After Bankruptcy Ruling

 

Bloomberg

Kyunghee Park mangogemini

 

Jiyeun Lee

 

  • About $14 billion of cargo left stranded on Hanjin’s ships
  • Other Hanjin vessels close to port are also expected to unload

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A Hanjin Shipping Co. vessel began unloading its part of $14 billion worth of cargo Saturday morning at the Port of Long Beach in California after a U.S. court granted the company a reprieve from having its assets seized, easing a cargo bottleneck resulting from the container line’s filing for bankruptcy protection.

The Hanjin Greece had been stranded near Long Beach since Aug. 31 after its parent company filed for court receivership in South Korea. Port workers began taking its cargo ashore at 8 a.m. local time and should continue until Sept. 12,

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Stormy Seas Ahead For Shippers Following Hanjin’s Bankruptcy

 

 

 

iBy Michael McDonald - Sep 16, 2016, 5:25 PM

 CDT

 

 

 

The Hanjin Shipping Company bankruptcy is starting to have ripple effects for others in this transportation sector. Hanjin is in competition with dry bulk carriers such as Safe Bulkers, Inc. (SB), Diana Shipping Inc. (DSX), and Scorpio Bulkers Inc. (SALT) who all lease cargo containers like that of Hanjin. Those competitors along with container leasing firms like Textainer (TGH) are all going to see major business impacts from Hanjin’s collapse.

The shipping sector is likely to see both short-term disruption push prices higher, while in the longer term the fight for Hanjin’s previous customers could erode pricing discipline. For firms like Textainer that rely on strength in container pricing, the bankruptcy can only be interpreted as

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INDIA: Container trade grows four times global pace

 

 

 

The Hindu

Container trade grows four times global pace

 

Reuters

BOX BOOST:Overall global containerized trade grew 2.8 per centin the first half. File photo

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Containerized foreign trade grew 11% in H1

A recovery in the U.S. economy and various measures taken by the Centre helped India register a 11 per cent jump in containerized foreign trade in the first-half of 2016. The rate of growth was four times the pace in worldwide containerized trade in the period, according to a report by Maersk Group, owner of the world’s biggest container shipping company.

In its first ever trade report on India titled ‘India, a silver lining in global trade’ the Maersk Group, which has a dozen companies operating in India,

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