Port strike will see 60 more ships at anchor this week and rates rising
As the port strike on the US east and Gulf coasts enters its third day, ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
A weird move on the face of it – logically India’s steel ministry is the place to oversee the scrapping of ships because once they have been beached there’s not much shipping to be done. But the shipping ministry is needed in terms of regulations and the like for overseeing vessels arrival… but it has also set up an “an inter-ministerial ship breaking scrap committee” which is looking into issues such as reducing duties on imported ships to scrapped in an effort to stem ship breakers currency losses – which ought, in theory lead to higher scrapping rates.
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Port strike will see 60 more ships at anchor this week and rates rising
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