Over the last few years, the shipping industry has been significantly impacted by macroeconomic issues. Faced with challenges such as volatility in fleet utilization, fluctuating freight rates and consolidation, shipping companies must transform themselves. In an ever-evolving data and technology-intensive environment, a critical avenue for shipping companies to compete and win is through digital transformation. Dynamic manufacturing value chains have caused shipping … [Read more...] about IT Roadmap for Connected Shipping
shipping
Record tonnage volume changed hands in 2014
The reported value of secondhand sales activity totalled US$26.1 billion, up 26 per cent y-o-y. There was interest in the larger sizes and the average size of ship sold reached a record level, London-based market research firm said. Activity at the larger end of the oil tanker sector was particularly strong and 2014 saw a firm increase in the volume of containership tonnage sold year-on-year. “A total of 1,320 vessels of 51.0m GT were reported sold market in 2014, a record in terms … [Read more...] about Record tonnage volume changed hands in 2014
EU port volumes set to slip
European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says. Combined with the trend for ever-larger ships making fewer unloading stops, this makes risks highest for small- and medium-sized ports. These could be drawn into a price war in times of falling volumes, or could miss out on cargo even if they invest to accommodate larger ships. These risks are already factored in to our ratings in the sector. Since 1985 European … [Read more...] about EU port volumes set to slip
OECD: Int’l freight to quadruple by 2050
The Organization for Economic Co-operation and Development (OECD) said in its ITF Transport Outlook that in the face of shifting global trade patterns, international freight transport volumes will grow more than fourfold (factor 4.3) by 2050. The ITF International Transport Forum is an inter-governmental organisation within the OECD. The ITF Transport Outlook examines the development of global transport volumes and related CO2 emissions and health impacts through to 2050. The report said … [Read more...] about OECD: Int’l freight to quadruple by 2050
OECD: Int'l freight to quadruple by 2050
The Organization for Economic Co-operation and Development (OECD) said in its ITF Transport Outlook that in the face of shifting global trade patterns, international freight transport volumes will grow more than fourfold (factor 4.3) by 2050. The ITF International Transport Forum is an inter-governmental organisation within the OECD. The ITF Transport Outlook examines the development of global transport volumes and related CO2 emissions and health impacts through to 2050. The report said … [Read more...] about OECD: Int'l freight to quadruple by 2050
Cosco Wins US$30M Livestock Carrier Contract
Singapore-based Cosco Group has through its subsidiary Cosco (Guangdong) Shipyard Co., Ltd., secured a contract worth US$30 million to build one 4,500 square metre livestock carrier for an unnamed European client. The vessel is scheduled for delivery in the second quarter of 2016. Additionally, the ship owner has an option to contract Cosco to construct a vessel of similar characteristics within six months. … [Read more...] about Cosco Wins US$30M Livestock Carrier Contract
