Norden Bets on Ship Rally After Worst Market Since '02: FreightBloombergThe operator of 64 of the ships booked 6 percent less cargo than its capacity this year, keeping reserves that can be used once earnings rise, according to a May 15 statement. Norden's strategy since 2010 was to book more than it could carry and hire ...and more » […]
Big bills left in the shipping containerThe Economist (blog)Shipping still involves scores of longshoreman, who painstakingly offload ships full of mixed, irregular cargo and then fill them back up again, wedging everything into place as best they can. Turning a ship around takes weeks and costs a fortune ... […]
TakePartThe Prius of the Sea? Meet the Future of Cargo ShipsTakePartcargo ship plug-in environment. A cargo ship is pictured at the Port of Long Beach, California on December 4, 2012. (Photo: Reuters). You probably don't think of the shipping industry as being culturally “plugged in,” but it's about to be—in more ways ... […]
Ore Ships Extend Decline as Australia Cargo Rush Seen SlowingBusinessweekRates for the smaller ship types tracked by the index were little changed. Panamaxes carrying about half as much cargo as Capesizes fell for a 13th session, sliding 0.2 percent to $7,930 a day, the lowest since Feb. 28. Supramaxes dipped 0.4 percent to ... […]
Gulf TimesLargest Container Ships Help Hyundai Heavy Crack China: FreightBloombergHyundai Heavy Industries Co. (009540) failed for eight years to win ship orders from China. That ended when it pledged to build the world's biggest container carrier. China Shipping Container Lines Co. (2866) this week said it chose Hyundai Heavy to ...Cargo ship orders su […]