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A Hard Season Ahead for Shipping


By MarEx 2015-11-06 21:58:06 By Paul Slater As the shipping industry enters the winter season can it expect any improvement in its economics or will it remain in the present moribund state? The Chinese manufacturing boom in the last decade caused an unprecedented demand for shipping services to import raw materials and export finished goods as well as meet the increasing domestic demand for goods and services of... Read More ⇒

U.S. GOM Rigs in Decline


By MarEx 2015-09-22 15:40:21 As crude oil prices tumble, the number of active offshore rigs has declined by about 20 percent worldwide since 2014. In August 2015, there were 377 active rigs compared to just 304 in August 2015. But the number of active offshore rigs in the U.S. Gulf of Mexico (GOM) has fallen more rapidly as more than 46 percent of the rigs are... Read More ⇒

Mega-ship trend “may be ending”


From “Flashlight”  June 2015   The trend towards ever bigger box ships may have passed its peak, according to a new report which questions whether ultra-large containerships (ULCSs) are now delivering economies of scale. Produced by the Organisation for Economic Cooperation and Development ‘think-tank’, the International Transport Forum, the study says container transport costs have been cut by around one-third as a result of the doubling... Read More ⇒

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