http://moneymorning.com/2010/02/03/shipping-industry/ Global Investment News Mon, 13 Feb 2012 18:41:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://moneymorning.com/2010/02/03/shipping-industry/comment-page-1/#comment-24838 Devin Tue, 03 Aug 2010 01:07:39 +0000 http://moneymorning.com/?p=16507#comment-24838 Very informative article, thanks for the right up. I'm going to have to use this when my investment club discusses the Shipping Industry tonight. Very informative article, thanks for the right up. I'm going to have to use this when my investment club discusses the Shipping Industry tonight.

]]> http://moneymorning.com/2010/02/03/shipping-industry/comment-page-1/#comment-16704 Dave Thu, 04 Mar 2010 17:13:16 +0000 http://moneymorning.com/?p=16507#comment-16704 Learn to read Brad. The article was explaining the namesake of capesize vessels. Learn to read Brad. The article was explaining the namesake of capesize vessels.

]]> http://moneymorning.com/2010/02/03/shipping-industry/comment-page-1/#comment-12608 Brad Thu, 04 Feb 2010 03:27:51 +0000 http://moneymorning.com/?p=16507#comment-12608 There are NO capes to go around or canals to pass through from Australia to asia. There are NO capes to go around or canals to pass through from Australia to asia.

]]> http://moneymorning.com/2010/02/03/shipping-industry/comment-page-1/#comment-12571 Michael Wed, 03 Feb 2010 18:15:20 +0000 http://moneymorning.com/?p=16507#comment-12571 A client works for Maersk. The other day he told me the industry as a whole dropped 250 Billion in revenue last year. Maersk alone was out 50 Billion. Its hard to tell the truth from stories but he works for the company! For what it's worth! A client works for Maersk. The other day he told me the industry as a whole dropped 250 Billion in revenue last year. Maersk alone was out 50 Billion. Its hard to tell the truth from stories but he works for the company! For what it's worth!

]]> http://moneymorning.com/2010/02/03/shipping-industry/comment-page-1/#comment-12554 John Wed, 03 Feb 2010 15:10:44 +0000 http://moneymorning.com/?p=16507#comment-12554 Not a chance that world container shipping companies will recover in in 2010, 2011, or 2012. New order vessel deliveries (ordered some 3 years ago) will out pace demand through these years adding over 60% of the current capacity to an already under utilized global fleet. The 90+% utlization factor of current container capacity is hogwash. With over 12% of the current world capacity at anchor in the far east and the flood of new tonnage coming on line over the next 3 years, it would be a miracle to see a full recovery before 2013. Although true that freight rates are increasing, keep in mind that they have hit historical lows so that any increase is an improvement over what can be considered lousy income for the container lines. Not a chance that world container shipping companies will recover in in 2010, 2011, or 2012.
New order vessel deliveries (ordered some 3 years ago) will out pace demand through these years adding over 60% of the current capacity to an already under utilized global fleet. The 90+% utlization factor of current container capacity is hogwash. With over 12% of the current world capacity at anchor in the far east and the flood of new tonnage coming on line over the next 3 years, it would be a miracle to see a full recovery before 2013. Although true that freight rates are increasing, keep in mind that they have hit historical lows so that any increase is an improvement over what can be considered lousy income for the container lines.

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