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Need for rethinking about when to sail around the Cape of Good Hope?

22 April 2010

US President Obama has issued an Executive Order with the heading “Blocking Property of Certain Persons Contributing to the Conflict in Somalia”, which could have an impact on the possibility for paying ransom under some circumstances. The situation is not clear and perhaps some ship owners will consider how to address this situation before transiting the Gulf of Aden and the Somali Basin. On that background, we hereby include an updated version of our calculations regarding the cost part of the decision to go round the Cape of the Good Hope.

Container Shipping - High level of business adjustments ongoing as the industry intensifies the hunt for profitability

17 June 2014

During the past eighteen months, a couple of trends seem clear in the freight market for container shipping. Primarily, the demand for imported containerised goods in Europe and US is going up, reflecting the clearly improved economic development. Secondly, the vessels become larger and larger as the quest to lower unit costs is high on the agenda everywhere. Thirdly, the major freight rate volatility is mostly on European-bound containers.