Maritime Economics - Haralambides & Associates

Selected News

	Prof. Haralambides addresses Dutch Parliament on the competitive position of the Port of Rotterdam. 15.03.2016 ....>>> Read more
	Is Amazon entering ocean transportation? 15.03.2016 I have always claimed that NVOCCs and 3P Logistics operators will never venture seriously into ship ownership, particularly when there is so much idle shipping capacity around, and when freight rates have hit rock bottom. And here comes a gigantic e-commerce retailer, Amazon, aggressively bypassing them, investing heavily in its own transport infrastructure (road, rail, aviation, ships). Apparently for Amazon, (higher) transport costs and economies of scale (ensured by 3PLs) are secondary considerations, and what really matters is....>>> Continue Reading
	Haralambides & Associates delivers major research on "Liner Shipping, Containerization and the Container Leasing Market" to Davenport Laroche .13.03.2016 In one of its conclusions, the study finds that, by investing in maritime containers, private investors can secure fixed income of 12%, for up to 7 years, with, occasionally, attractive fiscal advantages.
	Cosco’s Net Loss at USD 407.6 Mln for 2015 Cosco Corporation (Singapore) Limited, a Singapore-listed ship repair and marine engineering and shipping group, recorded a net loss of SGD 570 million (USD 407.6 million) in 2015, compared to a net profit of SGD 20.9 million (USD 14.9 million) in 2014. Cosco’s turnover decreased by 17.4 percent to SGD 3.5 billion in 2015 from SGD 4.3 billion in FY 2014 owing to a decrease in shipyard and shipping revenue ....>>> Continue Reading
	SeaIntel: Skipping Suez Would Save Money to Carriers Circumventing the Suez Canal on Asia-USEC and Asia-North Europe services may save carriers on average USD 235,000 per voyage as they would not need to pay the canal fee. However, opting to sail south of Africa instead of through the Suez and Panama Canals adds more days to the overall voyage. In its latest analysis SeaIntel’s points to a trend of carriers to do just this on their journeys. Namely, since the end of October 2015, 115 vessels deployed on Asia-USEC and Asia-North Europe services have made the back-haul trip to Asia by sailing south of Africa instead of their routing on the head-haul.There were also plans to switch more Asia-North Europe sailings to the south of Africa routing in the coming weeks. ....>>> Continue Reading
	Cosco Eyes Port of Limassol China’s port operator Cosco Group (Hong Kong) Limited has turned its attention to the port of Limassol on the island of Cyprus in an attempt to expand its presence in the Mediterranean Sea, according to China Daily. The company has now joined a group of 13 bidders for the port, as it aims for the port’s container terminal and the multipurpose terminal....>>> Continue Reading
	Container Shipping: Consolidate or Die? Consolidation in the container shipping industry is happening for the first time in a decade and will likely continue in 2016, according to a new report from AlixPartners advisory firm. The containerized-ocean-freight industry suffered considerably in 2015 amid continuing financial woes and all signs point to a continuation of this trend into 2016 and beyond. The most-recent forecasts expect global container fleet capacity to grow by 4.6% in 2016, and another 4.7% in 2017, though spot prices for major routes have dropped 21 to 44% from a year ago because of plunging demand, now about half the current growth forecast. ....>>> Continue Reading
	Sri Lanka Wants a Partner for Remaining ECT Stake Sri Lanka Ports Authority (SLPA) is looking for a shipping company or a terminal operator to take over 49% of the remaining shares in its East Container Terminal (ECT) in Colombo. Sri Lanka’s Ports and Shipping Minister Arjuna Ranatunga revealed that the authority is launching a Request for Proposals (RFP) to continue the project in a more transparent manner, following the Cabinet of Ministers’ approval to go ahead with the ECT development project.....>>> Continue Reading
	Milaha Reports 4 Percent Profit Growth Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) delivered a net profit of QAR 1.095 billion (USD 300.6 billion) for the full year of 2015, representing a 4 percent increase compared to the previous year. The company’s operating revenues for the period increased by 14 percent to QAR 2.998 billion (USD 823.2 billion) from QAR 2.633 billion (USD 723 billion) in 2014, while Milaha’s operating profit increased by 18% to QAR 772 million in 2015, from QAR 656 million recorded a year earlier.....>>> Continue Reading
	IMRF Boosts Support in the Aegean migrants By MarEx 2016-02-23 04:15:38 The International Maritime Rescue Federation (IMRF) is to strengthen the capacity and effectiveness of the Hellenic Rescue Team (HRT), an IMRF member organisation which is constantly rescuing migrants in the Aegean Sea. The IMRF will do this with the support of European maritime search and rescue (SAR) organizations who are also IMRF members. Following a temporary drop in the number of people trying to reach the Greek islands by sea in November, figures from the United Nations Refugee Agency (UNHCR, United Nations High Commissioner for Refugees) are showing an increase again. The relative number of women and children also continues to grow – for example on the island of Chios, where, in November 2015, 33 percent were women. In close cooperation with the Hellenic Coast Guard, IMRF member organizations from across Europe, including the UK and Ireland’s Royal National Lifeboat Institution (RNLI), the Swedish Sea Rescue Society (SSRS) and the German Maritime SAR Service (DGzRS), will work with the local SAR services in the Aegean, giving assstance with coordination and training and the provision of equipment and rescue boats, as well as volunteer support over the next 12 months.....>>> Continue Reading

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