Allied Shipping

Global trade is in turmoil after the googly thrown at it by the Coronavirus, which has turned the outlook sharply from the expectation of decent growth to a likely batting collapse.

For the uninitiated the googly is a spinning ball that looks, when bowled, like it will head in one direction, but turns sharply in the other direction when it pitches. But cricketing analogies aside, there is a serious feeling that this year the global economy could be written off, as growth collapses like an...

https://container-news.com/brokers-macroeconomic-outlook-is-a-slow-motion-car-crash/

Braemar’s Timecharter index is still at a level closer to the 52 high than the annual low, but that is more likely to be a lag in the system than any real hope that the market is picking up in the short term.

In fact brokers’ reports this week are continuing the pessimistic theme outlined in last week’s report with George Lazaridis researcher at Allied Shipping in Athens arguing that there is a multi-layered freight system as a result of the COVID-19 virus.

“Prior to the beginning of this year,...

https://container-news.com/broker-gloom-persists-in-viral-malaise/

Japanese banks Yamiguchi Financial Group and Ehime Bank have established a joint venture called the West Seto Partnership Agreement (WSPA), with the aim of funding ultra large container ship (ULCS) building in the country, according to Athens-based broker Allied Shipping.

The news of Japan’s two consolidation move in ship finance comes on the cusp of what a number of brokers and consultants believe is a new ULCS building spree, which has the effect of cascading vessels mainly from the Asia to...

https://container-news.com/market-buzzes-in-expectation-of-ulcs-building-spree/