NOL Will Win The Battle For Hapag-Lloyd
July 24, 2008
Hapag bids flow in | www.tradewinds.no
Tradewinds reports that some six or seven bidders responded to the initial round of indicative bids for TUI's liner shipping company. NOL will be the successful bidder.
Beginning To Look Like 2002 For The PMA-ILWU Negotiations
July 21, 2008
SoCal port terminals reporting ILWU slowdown | www.americanshipper.com
Despite the change in leadership at both the PMA and ILWU, commitment to early negotiations, and a clampdown on rhetoric in the press, the situation is starting to resemble the 2002 talks that led to a 10-day lockout.
Australian Ore Prices Unlikely To Hurt Dry Shipping
July 1, 2008
Reaction mixed | www.tradewinds.no
Tradewinds reported that Rio Tinto and BHP Billington have finalized contracts with Baosteel for an 80%+ increase in the price of iron ore out of Australia. This compares favorably to the Vale benchmark achieved earlier this year for a 65% increase out of Brazil and reflects the freight differential sought by the Australians. The impact on dry bulk shipping is likely to be minor.
Fuel Surcharge Under Scrutiny In Jones Act Trades
July 1, 2008
Matson sued | www.tradewinds.no
Tradewinds reported that Rhythm of Life Cosmetics has filed a "me too" law suit against Matson Navigation Company (Nasdaq:ALEX) citing the DOJ investigation into the Jones Act liner trades. This is the first suit against Matson, whom does not participate in the Puerto Rico trade where most of the DOJ focus has been.
June 20, 2008
Rush to exploit new offshore oil hampered by shortage of drilling ships | www.iht.com
THE INTERNATIONAL HERALD TRIBUNE HAS PUT THE "CART BEFORE THE HORSE". CONSTRAINTS ON PRODUCING OIL AND NATURAL GAS ON THE AREAS OF THE OUTER CONTINENTAL SHELVES OF THE US ARE NOT THE CURRENT HIGH DEMAND, WORLD WIDE, FOR DRILL SHIPS, BUT THE MANY STEPS THAT WILL HAVE TO BE TAKEN BEFORE ANY DRILLING CAN TAKE PLACE ON THE AREAS THAT HAVE BEEN UNDER MORATORIA FOR OVER 30 YEARS: 1 THE MORATORIA MUST FIRST BE LIFTED EITHER BY CONGRESSIONAL ACTION OR BY EXECUTIVE ORDER. 2 A 5 YEAR LEASE PLAN MUST BE APPROVED BY CONGRESS 3 PLANS FOR SPECIFIC LEASE AREA MUST BE CREATED 4 LEASE SALES MUST BE CONDUCTED 5 WINNING BIDDERS MUST OBTAIN ALL THE NECESSARY PERMITS
Older Bulk Carriers Will Exit The Market In 2010
June 11, 2008
Dry bulk faces fleet 'age crisis' | www.tradewinds.no
A significant percentage of the dry bulk fleet continues to trade past the normal retirement age of 25 years due to robust rates. This will be corrected in 2010, when new vessels will push down rates and push out vintage tonnage.
Offshore Service Companies Finally Show Some Restraint
June 10, 2008
Orders stunted | www.tradewinds.no
Perhaps a bit too late, we are seeing signs of a cut off in new vessel orders for the offshore service sector.
Limits To Slow Steaming Very Real
June 10, 2008
Slow speed ahead | www.tradewinds.no
The article highlights the limitations to slow-steaming and why this will result in diminishing returns as a mechanism for absorbing excess container ship capacity.
Slow Steaming Won't Be The Answer Going Forward
May 27, 2008
Slower-steaming trend sparks rush to fix post-panamaxes | www.tradewinds.no
The charter market for post-panamax tonnage is hot as owners jump on the bandwagon of slowing vessels to save fuel cost.
Good News In The Transpacific Liner Shipping Trade
May 27, 2008
Bunker surcharge floats | www.tradewinds.no
Reports from the TSA indicate that their primary goal of the 2008 contracting season, floating fuel surcharges, has largely been accepted by shippers. Their secondary goal, increases in the base freight rate, has largely failed.
Apple brings textbooks to iPad -- Finally
January 20, 2012
PayPal loses a key player in mobile device payments to Yahoo
January 10, 2012
More details and insights about the planned Sears Holdings store closings
January 4, 2012
Three things you should know about Sears store closings
December 29, 2011
Thoughts on GM Volt's recent "rapid thermal expansion" incident
December 6, 2011