Shipping used to be built on long charters (in the 1970s over 80% of tankers were on long charters to oil majors), but this fizzled out in the 1980s. For years shipowners hoped they would return, but they never did, leaving ships exposed to a spot market, where there always seemed to be too many of them.In the 1980s recession, the struggle to come to terms with this change kick started a trend to “flagging out”. Initially it was a matter of financial necessity. In the 1980s the OPEX of a Panamax bulker under German flag was $5,000/day, but by switching to a foreign flag the job could be done f
As 2013 began, the fully cellular containership fleet contained 469 vessels of 8,000+TEU (VLCS), with a combined capacity of 4.69m TEU. Just six years ago, at the start of 2007, the 134 VLCSs then on the water comprised 1.17m TEU. This rapid growth of the VLCS fleet has driven significant infrastructure development, but how many global ports are now seeing VLCS calls, and how has the geographical distribution changed since 2007?At the start of 2007, 90% of 8,000+TEU capacity (and all three of the 12,000+TEU vessels) was deployed on the Asia-Europe trade. Of the 57 global ports that received ca
Together with the Norwegian shipyard Fjellstrand, Siemens has developed the world's first electrically powered car ferry. The 80m long vessel, with a capacity for 120 cars and 360 passengers, will serve the route between Lavik and Oppedal, across the Sognefjord, from 2015. The ship's batteries will be recharged in the breaks between crossings, a procedure which only takes 10 minutes.The vessel currently serving this route uses on average 1M litres of diesel/year and emits 570 tonnes of CO2 and 15 tonnes of NOx. The electrically powered ferry was developed for submission to a competition organi
The senior level delegation of BLG(Bremer Lagerhaus Gesellschaft), a company devoted to providing logistics services for the port of Bremen/Bremerhaven in Germany, is visiting Korea from 20 until 22 February.The delegation headed by the current chairman Mr. Detthold Aden consists of 8 members also including Mr. Frank Dreeke, the next chairman and Mr. Manfred Kuhr, a vice chairman in automobile logistics division, and is projected to discuss further cooperative issues with their Korean partners Hyundai Glovis and EUKOR Car Carriers.This will be the first time the high level BLG delegation on su
Image courtesy Lloyd’s Register.Climate change, rather than “global warming”, has been identified as a major concern that drives many of today’s social policies and the maritime industry has long recognised that it, too, must play a part in developing more sustainable operations for the world fleet.While shipping is recognised as the most efficient and environmentally sustainable method of moving goods around the world, responsible for only some 2.7% of global emissions, the industry itself has put in place a range of technical and operational measures that will help to control the growth of e
The port of Inchon is preparing to jump up with a new vision in time for launching of cruise service on Inchon-Tianjin(China) route in next May.Although being a gateway port to the metropolitan area, the development in Inchon has been stalled compared to that of the port of Busan. In an interview with 'Shippers' Journal', Mr. Kim Choon-sun, a CEO of Inchon Port Authority(IPA) said a number of projects are being lined up."The burning question is to improve container handling throughput. We are trying to accomplish 2 million TEUs annually and to do that, it is also very important to reinforce ca
BP will plead guilty to manslaughter charges stemming from the 2010 Deepwater Horizon explosion and oil spill in the Gulf of Mexico, and agreed to pay $4.5 billion in government penalties, Attorney General Eric Holder announced Thursday.Separate from the corporate manslaughter charges, a federal grand jury returned an indictment charging the two highest-ranking BP supervisors on board the Deepwater Horizonon the day of the explosion with 23 criminal counts. The two men were charged with seaman's manslaughter and involuntary manslaughter for each of the 11 men killed in the blast, as well as
Denmarks largest bank, Danske Bank, does not expect the shipping market to improve any time soon.“2013 will be another difficult year,” the bank tells ShippingWatch, pointing to several negative factors.The crisis in the shipping sector can be felt clearly at Danske Bank, with the bank having to perform significantly bigger impairments in the third quarter this year, compared to the same period last year. This development is especially caused by the Danish and Nordic customer relations in the shipping industry, and the bank does not expect this to improve in 2013.More accurately, the bank had
Hyundai Merchant Marine(HMM)received an award for top leading company in Korean transportation i ndus try f rom CDP(Carbon Disclosure Project) committee ofKorea on 30 October. This is two years' consecutive award winning.Earlier, HMM's 60,000 ton class bulk ship 'Pacific Pride' achieved a certificate for environment friendly vessel from Korean Register(KR) inlate August.As the 'Pacific Pride' is equipped with PBCF(Propeller Boss Cap With Fin), the ship's energy efficiencyhas turned out to be 10% higher than the vessels in the same class.Besides, the company got a certificate for 'Green Managem
China, which imports more iron ore than the rest of the world combined, will buy a record amount this quarter, easing concern about the engine of global economic growth and extending a two-month rally in shipping rates.Capesizes, carrying more ore than any other vessel class, will earn $12,000 a day in the first quarter, says Arctic Securities ASA, a bank in Oslo whose recommendations on shipping stocks returned 17 percent in a year. Investors may profit from that because freight swaps for the period are trading at $8,500. Fourth-quarter shipments will rise 5.5 percent from a year earlier to 1
(주)미디어케이앤 서울특별시 서초구 법원로3길 19, 2층 2639호
Tel: 02)3411-3850 등록번호 : 서울, 다 06448, 등록일자 : 1981년 3월 9일, 발행인/편집인 : 국원경(010-9083-8708)
Copyrightⓒ 2014 미디어K& All Right Reserved.
UPDATE: 2025년 06월 15일 10시 18분
