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Arctic Risks Versus Rewards

Arctic Risks Versus Rewards

Marine insurance companies are currently assessing the potential risks and rewards of insuring ships for transit through the Arctic. In recent years, receding polar ice caps and the development of nuclear icebreakers has made the shipping industry consider the possibility…

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Insurers Giving Arctic Routes The Eye

Marine insurance companies are currently assessing the potential risks and rewards of insuring ships for transit through the Arctic. In recent years, receding polar ice caps and the development of nuclear icebreakers has made the shipping industry consider the possibility of…

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Container Overcapacity Persists

According to boxline OOCL, overcapacity still persists in the container shipping market “The industry saw a disappointing first half and a more encouraging second half in 2013. Moving into 2014, there has been cargo volume increase and a generally more…

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The Most Expensive Vessel

VesselsValue.com has initiated a summer series looking at the most expensive live vessels and what they could buy you outside of shipping. This week their focuses is on the most expensive live vessel – The “Zarga” worth a cool $221.8…

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Are you Earning Top Dollar?

Top-dollar salaries are often associated with corner offices, operating rooms, and trading floors. As it turns out, those aren’t the only arenas in which professionals can bring in six figure salaries–some of those whose offices are elevator shafts, roulette tables,…

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Large Box Ships Out of Favour

Ship ordering for giant container vessels has ground nearly to a halt just as European traffic demand has turned up. The orderbook has dropped to beneath 20% of fleet capacity, compared to nearly 50% several years back. According to Platou’s…

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Wolves of Wall Street Circle Operator

Wall Street is rife with rumours that diversified Greek operator NewLead Holdings may be on the fringe of losing its listing.  Renewed uncertainty about the future of the owner’s Nasdaq-quoted shares follows a trading halt that officials implemented prior to…

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Ambitious Trade Plans Praised

EU and US negotiators are meeting to discuss the sixth Trans-Atlantic Trade and Investment Partnership (TTIP). Negotiators from both sides are debating an ambitious agenda that should remove trade barriers in a wide range of economic sectors, and also tackle…

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Owners Guilty of Hurting Investors

Two German shipowners have been given suspended sentences with payment conditions imposed, after a court ruled that they had colluded with a shipyard to the detriment of investors. The owners were found to be in breach of fiduciary duty to KG…

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Hike in Box Rates Planned

Container lines are planning a $600 per feu general rate increase on the transpacific trade on 1 August. The Transpacific Stabilization Agreement (TSA) has set a minimum of $600 per feu increase from all ports in Asia to all destinations…

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