Page 26 - Freight Waves News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

In September 2019, the U.S. sanctioned tanker company Cosco Dalian, a division of Chinese shipping giant Cosco, for carrying Iranian crude. The sanctions only covered the 20 tankers owned by Cosco Dalian, but that didn’t matter. As a precaution, charterers shunned the entire 150-tanker fleet of the Cosco parent, causing tanker spot rates to spike. ...

China is the world’s largest exporter of containerized goods, produces eight of every 10 new containers, is the leading builder of container ships and operates the fourth-largest liner company. It should come as no surprise that China overwhelmingly dominates the global container port rankings — and with ocean trade now surging, that its port tally ...

Major geopolitical events with tragic human costs have major effects on shipping rates — sometimes negative but very often positive. With the Russia-Ukraine crisis escalating by the hour, rate-positive shipping scenarios that were considered low probability just a few weeks ago suddenly look more plausible. As Cleaves Asset Management CEO Joakim Hannisdahl put it on ...

Maritime tech has never seen anything like the past 12 months: a whirlwind of deals that may be just the beginning. “Clearly, there is an influx of capital, especially over the last year, and the pace is just continuing to increase,” said Evan Efstathiou, founder of consultancy SkySail Advisors. “Shipping is in the spotlight. The ...