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It’s Not All Gloom and Doom.

After a steady diet of stories in the maritime trade press about shipping companies teetering on the verge of insolvency, it was refreshing to read the latest news from Neptune Orient Line (Lloyd’s List, Sept. 2). The Singapore-based shipowner reported…

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Gloomy News

If you want a snapshot of the state of the shipowning business, just look at the headlines in the August 16 issue of Lloyd’s List, reporting on quarterly earnings reports from publicly held shipowners. “Thoresen Shipping Reports Operating Loss” “Torm…

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Korean Yards Hold Fire Sale

Further proof that the glut of overtonnage is not going away anytime soon.  MarineLink.com reported today that Korean shipowners are struggling to rid themselves of unsold ships at substantially lower than market prices. Daewoo is trying to sell a pair of 320,100…

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KPIs are Key to Cost Reductions

You may have seen the announcement, reported on MarineLink.com last week, that Maersk Line has saved almost USD$90 million on fuel costs in three years by measuring the performance of individual ships. Key Performance Indicators (KPIs) were developed for each…

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