#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below
Tanker Market: Crude tanker earnings surge - All segments in the crude tanker market reported significant increases in daily earnings last week, according to Lloyd's List. The Baltic Exchange reported record or near-record earnings on all 10 major tanker routes which it studies, with older tankers even taking advantage of the rates surge and gaining employment as opposed to being sold for demolition.
Container Market: Top lines lost $16 per TEU from 2008 – 12 Recently released research from consultancy Dynamar has revealed the top 20 container shipping lines each lost on average $16 per TEU during the five year period 2008 -12, according to Seatrade Global. In a reflection of the severity which the global economic downturn had on demand for shipping, figures showed the top 20 operators only made an average net profit per TEU in two of the five years.
Piracy: Lowest level in six years -The number of piracy at sea attacks worldwide fell to a six year low of 264 last year, according to the International Maritime Bureau (IMB). This has largely been attributed to the steep decline in Somali piracy, with 15 incidents recorded in 2013, down from a high of 237 in 2011.
For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 3). In addition to coverage on Afloat.ie's dedicated Ports & Shipping News section.
