Armour-plated Danaos to hit net zero debt after Zim share sell-off
Greek container ship owner Danaos will have close to zero debts and no significant capital ...
After a brisk first six months in the ship demolition market in 2014, especially in the container sector, the brakes were applied in the second half by a sharp drop in steel prices.
Here BIMCO looks at the demolition market this year for containerships, bulkers and tankers, which has started off still under pressure from Chinese exports of cheap steel billets, forcing rates below $400 per LDT. BIMCO notes that India and Pakistan have announced their intentions to impose a tax on Chinese steel, but so far this has not happened and while China has a surplus the market seems likely to continue to head south and owners will defer scrapping their ships.
The 'mother of all BAFs' looms for shippers as green targets advance
First shipper uses new land-air corridor ex-India for Bangladesh exports
Maersk idles more ships while NOOs see a rebound in demand
Container shipping can see ‘green shoots’ of freight demand recovery
Forwarding M&A round-up: plenty of action making smaller headlines
Shippers advised to give strike-hit port of Hamburg a miss
Some ocean trades stabilising, but transatlantic rates still falling
Retailers warn of challenging orderbooks amid continued high inventory
Mind the (income) gap with Mærsk, DP-DHL & Kuehne – DSV the safest
K+N will take financial hit to 'create critical mass' for smart labels
Another rail strike in Germany to add to European freight troubles
Boost for Hong Kong air cargo volumes as ban on vape traffic is lifted
Comment on this article