Shipping giant analysis market trends

Recently, a number of owners said the global shipping market outlook has been a bright trend, but the fundamental problem of excess capacity is still cast a shadow over the shipping industry.

BW Group Chairman Andreas Sohmen-Pao said the price of crude oil has fallen to unexpected 50-60 U. s.dollars per barrel level, become the crude oil shipping market a clear benefactor, however, recent quick owner custom-made the more crude oil tanker, causing people's attention.

Although the crude oil tanker freight rate of market has been restored to profitability level. However, custom-made "too many ships" will lead to excess capacity to repeat, the problem seems to be difficult to solve.

Singapore Pacific Shipping (PIL) managing director Teo Siong Seng said, now the biggest challenge is still huge amounts of new shipbuilding. In the past few years, due to the "imaginative financing", some should not appear the new ship orders still continues. He hoped that the owner more responsibility made these new ships.

Container shipping market is still hovering at the edge of the expected capacity supply exceeds market demand, which, a greater level of container ship will affect the multi - European trade routes, most of which are not suitable for the port infrastructure, to accommodate these large container ships.

Executive directors, Maersk drilling company president and chief executive officer Claus V Hemmingsen Maersk Group, with pointed out, the short-term supply and demand imbalance nanzu long-term optimism. Operators of custom-made more and larger container ships to reduce operating costs, ensure the long-term benefit, provide a sustainable environment for the development of world trade.

The container ship owner made larger than 10000TEU container ships, to reduce operating costs, improve fuel efficiency.

Hashim Precious, managing director of Shipping Khalid, notes that the dry bulk shipping market has been plagued by low rates, but the bulk carriers can expect more positive demand.

"In order to pick up the world economy, I hope the oil prices remain low." Hashim explained that commodity prices, oil prices and commodity prices have fallen by%, the oil price hit bottom and higher import and export trade is a good omen for bulk shipping market.

Hashim comments, bulk carriers to survive, the next few years to scrap the old ship, stripping non core assets, to ensure that the diversification of financing channels, reduce operating costs while also improving operational efficiency.