8 items with the tag Shippping

PLATOU 2013 report

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PLATOU 2013 report - shipping industry will draw closer to a recovery this year. 2014 & 2015 may well see a nascent recovery in most shipping markets

The merchant-shipping industry, carrying 90 percent of world trade, will draw closer to a recovery this year as weaker fleet expansion helps earnings to rebound from depressed levels, said RS Platou ASA.

Demand for the global fleet will climb to 5 to 6 percent, matching projected growth, with ship utilization staying at 84 percent. An improving world economy should sustain rising demand for seaborne commodities as orders for new ships weaken, the report showed.

“We may well see a nascent recovery in most shipping markets in 2014 and 2015,” Chief Executive Officer Peter Anker said in the report.

Earnings for tankers that haul oil and refined products are set to rise as fleet growth slows below 3 percent by 2014, improving global ship use from that year provided the world economy keeps growing, Platou said. The amount of liquefied natural gas carried on specialized tankers will rise 3 percent this year even as voyages cover shorter distances, it estimated.

“There are reasons to think a change, if not in the air, is certainly visible on the horizon,” Ole-Rikard Hammer, head of research at RS Platou Economic Research, said in the report. A surplus of ships that curbed hire costs is less severe than industry conditions in the 1970s and 1980s, it showed.

Still, owners of container ships carrying boxes of manufactured goods will experience the most difficult year in 2013 amid low demand, Platou said.

The 96 percent utilization rate for LNG ships is the highest among all ship types, according to the report.

Seaborne trade reached 8.7 billion metric tons in 2011, including 3 billion tons of oil and gas and 1.5 billion tons carried in containers, according to the United Nations Conference on Trade and Development.

The report canbe found here:
http://www.platou.com/dnn_site/LinkClick.aspx?fileticket=ZH6mB%2b9UXqQ%3d&tabid=541


View online : Report

How to Push Efficiency Reforms in Port

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How to Push Efficiency Enhancing Reforms at the Port of Dar Es Salaam?
by Jacques Morisset, Charles Moret, and Julie Regolo

The port of Dar Es Salaam, the second largest in East Africa after Mombasa, is one of the least efficient on the planet, hindering trade and economic expansion not just for Tanzania but also for neighboring landlocked countries.

PDF - 620.6 kb
Dar es Salaam anchorage area
Click to Download the World Bank Africa trade policy note

The cumulative delays at anchorage and dwell time can exceed 20 days, while international standards are around 3-4 days. In addition, official and non-official payments are high and prevalent. These inefficiencies are well known and mitigating them has been a priority in recent national strategies. However, the implementation of necessary policy reforms and investments has been slow and inadequate.

The lack of enthusiasm for reforms is explained by the asymmetric distribution of benefits and costs associated with the current inefficiency of the port. While gains are concentrated in the hands of a few wellconnected players, costs are diffused among multiple consumers, firms,and households across the country. Other contributing factors include the lack of awareness of costs by most consumers and firms, the unequal distribution of these costs, time inconsistency between costs and benefits associated with reforms, and the lack of coordination for decisive actions.

These basic lessons of political economy help not only to understand why the port of Dar Es Salaam has remained underperforming but also offer new directions on how to encourage the faster implementation of efficiency enhancing reforms.

German banks challenged by shipping

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Germany’s 10 largest banks have $128 billion in outstanding credit or other risks related to the global shipping industry.

That is more than double the value of their holdings of government debt from Greece, Ireland, Italy, Portugal and Spain. See the article on KG from the NYT

http://www.nytimes.com/2012/12/05/business/global/the-next-crisis-for-german-banks-isnt-greece-its-shipping.html?


View online : The article can be found here:

Clarkson World shipping market

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Very interesting and informative presentation on the world shipping market status in 2012. This presentation was performed at the 2012 SMM international forum by Dr Martin Stopford head of Clarkson.

The presentation is so clear that no comment are required.

The presentation can be found there:
http://smm-hamburg.de/uploads/media/Presentation_Martin_Stopford.pdf

And his speech here: http://smm-hamburg.de/uploads/media/Speech_Martin_Stopford.pdf


View online : Presentation

Potential Future Technologies

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DNV looks at future technologies in four main areas: shipping, fossil energy, renewable and nuclear energy, and power systems. From global mega trends, DNV determine 4 scenarios to select the technologies that might become a must in 2020.

For shipping, most selected technologies are not new and have been on the map for some time or are even in use already. The part on the digital ship is not forward looking as it has been in use for more than a decade. Some technology are very relevant, others seems anecdotic (kite, cold ironing…etc.). Not surprisingly, the part on new ways of designing ships is catchier, being DNV core expertise.

The main challenges for each technology are well identified, however one would have expected that they look at an estimated economic value vs. cost (also taking into account commercial impact) to determine the success probability of each technology.
That being said, some of the chosen technologies also happen to be the ones having most potential for saving fuel oil (combined electric & diesel propulsion, solar power, air lubrication, LNG …etc.), which is without doubt the main element for any future technology.
No mention of flettner rotors, catalysts or hull cleaning tracking device which also have high potential to save fuel.

In any case, it remains a very interesting and professional document for anybody interesting in the future of ships.

The report can be found there: http://www.dnv.lt/binaries/TO2020_tcm173-477946.pdf


View online : The report can be found there:

Why Cargo Dwell Time Matters in Trade

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An interesting article from the World bank economic premise on a new dwell time survey analysis in SSA that reveal that collusion of interests may reinforce rent-seeking behaviors among shippers, intermediaries, and controlling agencies. Companies may use long dwell times as a strategic tool to prevent competition, similar to a predatory pricing mechanism. Incumbent traders and importers, as well as customs agencies, terminal operators, and owners of warehouses benefit from long cargo dwell times, which act as a strong barrier to entry for international traders and manufacturers.

This new analysis might have quite an impact on donors future infrastructure investments policies.

The article can be found at:
http://siteresources.worldbank.org/EXTPREMNET/Resources/EP81.pdf


View online : http://siteresources.worldbank.org/...

Logistics Performance Index

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This third edition of the LPI from the World bank provides a unique global benchmark measuring the logistics performance of 155 countries. The LPI measures on-the-ground trade logistics efficiency.

The LPI classification should however be taken with caution, as it only provides an indication, since it is mainly based on the perception of logistics professionals. Results are built on a survey of Freight forwarders rating their countries on key logistics issues such as customs clearance efficiency, infrastructure quality, and the ability to track cargo.

The world bank report is located at:
http://siteresources.worldbank.org/TRADE/Resources/239070-1336654966193/LPI_2012_final.pdf


View online : The world bank report is located at:

Directory of supply chains

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Sourcemap is the first crowdsourced directory of supply chains and environmental footprints. A visual database to learn where products come from, what they’re made of, and how they impact people and the environment. So far 2000 products are mapped and bar code should soon be available to provide infos directly to consumers.

This kind of transparent information will have consequences on companies future sourcing and supply chains decisions.

Where things come from: http://sourcemap.com


View online : Where things come from