The shipbreaking industry where workers die on the shores of Bangladesh
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- Published on Saturday, 11 August 2018 10:10
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https://www.freightwaves.com
August 09, 2018 Vishnu Rajamanickam, staff writer
(PHOTO: SHUTTERSTOCK)
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This year, falling freight rates have led many shipping lines to send their old oil tankers to an early grave - to the South Asian shipbreaking yards where they are torn down over a matter of weeks and end up as a scrap pile. On the shores of Bangladesh, which hosts the world’s largest ship recycling industry, shipbreaking is often seen as the work of hired hands from the poorest sections of the Bangla society.
“Shipbreaking started in Bangladesh in the 1960s. It happened when local people saw that breaking ships was a bit profitable, and they started getting financing for the job - there was no environmental or workers’
Freight Market Outlook for
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- Published on Saturday, 03 February 2018 23:49
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SANNE MANDERS | AIR FREIGHT, FREIGHT FORWARDING, OCEAN FREIGHT
2017 was an interesting year for the global freight market. The growth of ecommerce sparked air freight capacity shortages on core trade lanes and drove air freight rates to record highs. The ocean market in 2017 was more stable, with greater predictability (fewer blank sailings), an early and flattened-out peak season, and price levels between 5% and 20% higher than in 2016. This was mostly driven by the unsustainable market in 2016 that led to Hanjin’s bankruptcy and massive consolidation. Further significant disruptions were caused by the Petya malware virus and storms like Hurricane Harvey, leading to delays, re-routings, and temporary capacity issues.
It’s January again, and many in the logistics community are making plans for
The dangers of Volatility in the Markets and Geopolitics
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- Category: Mercados - Fletes- Cotizaciones
- Published on Friday, 15 September 2017 03:43
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ASSOCIATIONS, CONFERENCES, SEMINARS, FORUMS, EVENTS, IMO, INTERNATIONAL CHAMBER OF SHIPPING, NEWS, ORGANISATIONS, POLITICS AND GOVERNMENT, SHIPMANAGEMENT, SHIPPING CENTERS, SHIPPING INDICES, STATISTICS, STOCK MARKETS, TANKERS, TECHNICAL, TECHNOLOGY, TRADE AND COMMERCE — BY ADMIN ON
SEPTEMBER 14, 2017 AT 10:46 PM
http://www.allaboutshipping.co.uk/2017/09/14/the-dangers-of-volatility-in-the-markets-and-geopolitics/
As predicted yesterday the market “improved” today following its midweek fall, an easy job to do being familiarised with volatility which enable us to foresee the asymmetrical behaviour of the indices. Geopolitics continue an erratic course. John Faraclas daily briefing:
The BDI gained 24 points and now read 1,361…
The Capers returned to a plus mode with the BCI up 14 points at 2,642…
Panamaxes did better and the BPI now stands at 1,499 – up 35 points.
The Supras were up too[ the BSI gained 27 points and now stands at 950 approaching the 1,000 point mark.
ht Market Outlook for
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- Category: Mercados - Fletes- Cotizaciones
- Published on Saturday, 03 February 2018 23:47
- Written by Administrator2
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Freig
SANNE MANDERS | AIR FREIGHT, FREIGHT FORWARDING, OCEAN FREIGHT
2017 was an interesting year for the global freight market. The growth of ecommerce sparked air freight capacity shortages on core trade lanes and drove air freight rates to record highs. The ocean market in 2017 was more stable, with greater predictability (fewer blank sailings), an early and flattened-out peak season, and price levels between 5% and 20% higher than in 2016. This was mostly driven by the unsustainable market in 2016 that led to Hanjin’s bankruptcy and massive consolidation. Further significant disruptions were caused by the Petya malware virus and storms like Hurricane Harvey, leading to delays, re-routings, and temporary capacity issues.
It’s January again, and many in the logistics community are making plans for the
Industrial overcapacity to be further tackled in 2017
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- Published on Monday, 02 January 2017 04:30
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Reuters 30.12.2016
Chinese state newspaper says capacity cuts in steel and coal will be increased, while campaign will be extended to sectors including cement, glass, electrolytic aluminium and shipping
China will increase its targets for capacity cuts in steel and coal in 2017, while extending its campaign against overcapacity to industries such as cement, glass, electrolytic aluminium and shipping, a state-run newspaper said on Friday.
China has vowed to restructure its vast industries to tackle inefficiency and cut capacity overhangs – early in 2016 it promised to cut around 500 million tonnes of coal capacity and 100-150 million tonnes of steel capacity in three to five years.
The world’s top producer and consumer of coal and steel will aim to raise the