In an increasingly interconnected world, the dynamics of global trade routes and economic power are in constant flux, with regions like the Far East and the Middle East playing pivotal roles in these shifts. This geopolitical analysis focused on understanding the evolving relationship between these two crucial regions by considering three key indicators: Liner Shipping Connectivity, Container Port Throughput, and GDP Growth. By constructing a compound indicator from these variables, we aimed to...
Far East
The Surprising Impact of Ship Age on Carrier Rankings
In the intricate world of maritime trade, subtle shifts can often bear significant implications. The Far East to Mediterranean trade route has recently witnessed a nuanced yet noteworthy change in its Carrier Efficiency Index (CEI) during Q2 2023. The xenetasource.
- The Far East to Mediterranean trade’s Q2 2023 CEI witnessed a slight rise due to operational changes, but its impact on overall efficiency remains complex.
- ONE stands out with its youthful fleet,...
https://mfame.guru/the-surprising-impact-of-ship-age-on-carrier-rankings/
This Country’s New Ship Export Orders Increase
According to the data released by the Japan Ship Exporters’ Association (JSEA), Japanese new ship export orders in December last year moved up by 200.4 percent on tonnage basis compared to the previous month, rising to 42 ships, compared to 16 ships recorded in November, totaling 1.48 million gross tons, including 35 bulk carriers, five general cargo ships and two tankers, reports Steel Orbis.
ExportIn 2022, Japanese shipbuilders received new export orders for a...
https://mfame.guru/this-countrys-new-ship-export-orders-increase/
Xeneta: Long term container freight rates from US to Far East falls – now back in line with spot market
After months of long term rates being significantly more expensive than short term rates on the backhaul US to Far East trade, a fall in long term rates at the start of Q2 has brought the two back in line.
Link to analysis: Xeneta Weekly Container Rate Update – week 16
In mid-March, long term rates were USD 350 per FEU higher than the spot market for containers going from the US East Coast towards the Far East. Since then, long term rates have fallen by USD 250 per FEU, while spot rates...
Agreement to develop ship repair cluster in Russia’s Far East
Agreement to develop ship repair cluster in Russia’s Far East
Sovcomflot, NOVATEK and Far Eastern Shipbuilding and Ship Repair Center sign agreement to develop ship repair cluster in Russia’s Far East
On 1 September 2021, PAO Sovcomflot, SMART LNG (a joint venture between PAO Sovcomflot and PAO NOVATEK) and Far Eastern Shipbuilding...
New partner hire consolidates Hill Dickinson’s commodities expertise
New partner hire consolidates Hill Dickinson’s commodities expertise
Maritime law specialist Hill Dickinson has boosted its commodities expertise in Asia and the Far East with the hire of a trade finance and further commodities expert to its Singapore office, consolidating its position as the market leader in commodities law.
Devottam Sengupta (Dev) joins the firm as partner, bringing with him significant commodities finance and structured trade finance expertise. Dev’s...
BIMCO’s SNOW: Far East container spot rates to Brazil up by 230.5%
BIMCO’s SNOW: Far East container spot rates to Brazil up by 230.5%
Far East container spot rates to Brazil up by 230.5%
What started as a red-hot container market for Far East to US trades has now spread to other routes, with rates from the Far East to Brazil seeing particularly high spot rates. On 24 January 2021, the base freight rate for a forty-foot container from the Far East to the Port of Santos reached USD 9,299. Average rates for January are now 230.5% higher than they were in...
AAL launches regular ‘Europe – Far East’ multipurpose heavy-lift service
AAL launches regular ‘Europe – Far East’ multipurpose heavy-lift service
July 3, 2019 – AAL Europe has formally launched a ‘Europe – Far East Service’, to offer regular sailings and highly flexible port calls between Northern Europe (ARA range and the Baltic region), Middle East, South East Asia and over to the Far East. The service’s backbone will be the carrier’s owned and highly flexible 19,000 dwt S-Class heavy lift vessels (700t max lift) and complemented by ad-hoc sailings of its A-Class...
What’s up with the Markets?
John Faraclas
The Stock Markets opened in red in the Mighty Continent following the Far East’s fall. Is it the Trade War? Is it Ms Lagarde’s statement that the stock market valuations have been extremely high?
How this will affect the shipping freight rates – BDI etc etc? Are we going to witness...
http://www.allaboutshipping.co.uk/2018/10/11/whats-up-with-the-markets/