Shipping and Ship-building

BDI @ 640 (-17, -2.59%) on 5 Nov 2015. Expect a re-test of the historic low of 509 points scored on 18 Feb 2015.

Global economic woes are hurting the container and dry bulk shipping markets ~ 6 Nov 2015

Where to find growth in 2016 ~ 5 Nov 2015

All the machines are slowing down ~ And the signals keep coming. The Baltic Dry Index – a measure of freight traffic – has just dropped to its lowest level in 29 years. This suggests a major, worldwide slowdown in global trade. And over on the other side of the world the Chinese Containerised Freight Index is dribbling along the bottom of the chart – down 30% since 2013. ~ 30 Oct 2015

NOL sails back into the red, blaming weak container market for APL revenue plunge ~ 30 Oct 2015

Asia-North Europe rates jump to nearly $1,000 as the next round of GRIs looms ~ 30 Oct 2015

CSCL wants to charter up to 11 21,000-TEU giants ~ 30 Oct 2015

Union of Daewoo Shipbuilding accepts demands of creditors ~ 26 Oct 2015

Daewoo Shipbuilding’s loss expected to reach US$4.4b this year ~ 23 Oct 2015

Maersk issues profit warning on weaker shipping market ~ 23 Oct 2015

G6 Alliance follows 2M in cutting back transatlantic container shipping capacity ~ 22 Oct 2015

Iron ore at US$40 — Why it matters more than China’s growth ~ 22 Oct 2015

How the Caspian Sea is Becoming a Rail Corridor ~ 21 Oct 2015

China defaults seen rising after Sinosteel misses payment ~ 21 Oct 2015

Tata Steel to cut 1,200 jobs in U.K. ~ 20 Oct 2015

Is container shipping sailing into a storm? ~ 20 Oct 2015

Container shipping supply/demand gap unlikely to close soon ~ 18 Oct 2015

Asia-Europe shipping rates hit a 15-week low ~ 10 Oct 2015

Asia-N.Europe box rates plunge 17% ~ 9 Oct 2015

Container shipping glut hurting Hanjin Shipping ~ 8 Oct 2015

Container ship operators face ‘overcapacity crisis’ ~ 8 Oct 2015

Carriers warned: No let-up in container shipping overcapacity for 3 years ~ 8 Oct 2015

Container shipping: Low demand on high-volume trades weighs down as supply rises ~ 8 Oct 2015

Japanese shipping company, Daiichi Chuo KK files for bankruptcy protection over Glencore fallout ~ 1 Oct 2015

SHIPPING SAID TO HAVE CEASED… IS THE WORLDWIDE ECONOMY GRINDING TO A HALT?

Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss.

This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.

BDI closed @ 358 (-5, -1.38%) - its lowest level since records began in 1985 ~ 20 Jan 2016

Zombie ships send maritime freight into worst crisis in living memory ~ 19 Jan 2016

Private equity funds looking to exit shipping, most notably dry bulk, as overordering has resulted in excess tonnage ~ 23 Feb 2016

World trade is so bad that cargo ships are being scrapped at double the 1986 record rate ~ 22 Feb 2016

Commodity slump puts dry-bulk shipping on hold ~ 21 Feb 2016


Baltic Dry Ship Index tumbles to fresh record amid China turmoil ~ 5 Jan 2016

Daewoo Shipbuilding falls on quarterly loss, order concerns ~ 8 Mar 2016

Daewoo Shipbuilding suffered over 5.1 trillion won (US$4.24 billion) in losses ~ 8 Mar 2016