Crewing Issue A Growing Problem In Shipping
December 26, 2007
Crunch time in world shipping | www.mua.org.au
The article addresses the very real problem of securing sufficient and competent staff for manning ships. The problem, in terms of direct costs, lost revenues and increased casualty rates will be exacerbated over the next 5 years.
Impact Of Recent Legislation on Horizon Lines
December 21, 2007
US brightens Horizon | www.tradewinds.no
Horizon Lines (NYS:HRZ) put out a press release regarding their outlook as a result of recent legislation. Some hype is valid, some is not.
December 20, 2007
Horizon rebounds | www.tradewinds.no
Some slick congressional maneuvering yanked the threat of excluding income from Puerto Rico from tonnage tax eligibility, at least for the moment. It will be interesting to see what happens now.
Tanker Rate Recovery In 2010 Looks Stronger
December 19, 2007
Spill boosts double-hull hopes | www.tradewinds.no
The spill from the VLCC Hebei Spirit in South Korean waters has spiked rates in the short-term, but fundamentals will correct this for most of 2008 and 2009. However, the event increases the likelihood that major Asian countries will abide by the 2010 IMO single-hull phaseout date.
Tanker Rates Look To Be Strong A Little Longer
December 17, 2007
Opec output rising | www.tradewinds.no
Indications that OPEC could increase production by 460,000 bpd over the next four weeks, coupled by arbitrage movements from the Arabian Gulf to the US West Coast have impacted against a relatively tight vessel position situation to push VLCC rates up to $200,000/day.
Puerto Rico Application Of Tonnage Tax Will Be Repealed
December 13, 2007
Horizon responds | www.tradewinds.no
Horizon Lines (NYS:HRZ) is attempting to fight the technical corrections bill working its way through Congress that would retroactively eliminate the eligibility of Puerto Rico trade from inclusion in the tonnage tax. They will not be successful.
VLCC Tanker High Rates Will Not Persist
December 7, 2007
Scramble to fix as VLCC rates swell | www.tradewinds.no
The dormant Tanker market regained some of the spotlight last week when rates abruptly climbed to $140k/day from a low of $20k/day in October. High rates are unlikely to persist beyond the end of the year.
Sea Containers Still Facing An Uncertain Future
December 7, 2007
A win for Sea Containers | www.tradewinds.no
Sea Containers (OTC:SCRA.PK) finally received some good news, having won their dispute with GE Capital in arbitration.
Tonnage Tax Legislation Will Significantly Hurt Horizon's PR Trade Profitability
December 7, 2007
Expensive tax blunder for Horizon | www.tradewinds.no
The US Congress is in the process of removing a loophole in the 2004 Jobs Creation Act tonnage tax scheme that will disqualify Jones Act trade to Puerto Rico, perhaps retroactively. Horizon Lines (NYS:HRZ) and Trailerbridge (Nasdaq:TRBR) will see the largest negative impacts.
Handysize Market Potential Very Strong
November 26, 2007
Metrostar puts faith in handysizes | www.tradewinds.no
While most attention in dry bulk shipping has focused on the Capesize sector and the astronomical rates being achieved, the Handysize sector shows more promise in the long-term.
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