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Displaying items by tag: European Short Sea Shipping

#Ports&Shipping -The latest IMDO Weekly Shipping Market Review reports that the world's largest container shipping line, Maersk Line, is looking to change its path for the trade lane of Asia to US East Coast, by opting for the Suez Canal as opposed to the current Panama Canal.

The re-routing is to take advantage of economies of scale, as Maersk will be able to send a vessel through the Suez Canal that can carry up to 9,000 TEU containers, which would be more cost-effective than sending two 4,500 TEU vessels through the Panama Canal.

Dry Bulk Market: On the back of increased cargo availability, the dry bulk market has maintained its rising momentum. The steady increase is illustrated in the weekly rise in the industry's benchmark, Baltic Dry Index (BDI), finishing at 872, up from 818 the previous week.

Short Sea Shipping: In the European Short Sea Market, as with most weeks lately, can be summarised as "steady/flat", according to HC Shipping & Chartering". However, this week highlighted the abundance of spot tonnage slightly more than most weeks, along with owner's eagerness to cover positions becoming more evident.

Irish Economy: Globalization Ireland has been ranked the world's third most globalised economy in terms of GDP, and the most globalised nation in the western world, according to a new index published by Ernst and Young. The index is measured by a country's openness to trade, movement of capital, exchange of technology and ideas, labour movements, and cu ltural integration. Ireland finished third behind Hong Kong and Singapore, but ahead of Switzerland, Sweden, Denmark, Belgium and the UK.

To read more and other stories, they can be viewed or downloaded as a PDF from the IMDO Shipping Markets Review for Week 11.

 

Published in Ports & Shipping

About boot Düsseldorf: With almost 250,000 visitors, boot Düsseldorf is the world's largest boat and water sports fair and every year in January the “meeting place" for the entire industry. From 18 to 26 January 2020, around 2,000 exhibitors will be presenting their interesting new products, attractive further developments and maritime equipment. This means that the complete market will be on site in Düsseldorf and will be inviting visitors on nine days of the fair to an exciting journey through the entire world of water sports in 17 exhibition halls covering 220,000 square meters. With a focus on boats and yachts, engines and engine technology, equipment and accessories, services, canoes, kayaks, kitesurfing, rowing, diving, surfing, wakeboarding, windsurfing, SUP, fishing, maritime art, marinas, water sports facilities as well as beach resorts and charter, there is something for every water sports enthusiast.

At A Glance – Boot Dusseldorf 

Organiser
Messe Düsseldorf GmbH
Messeplatz
40474 Düsseldorf
Tel: +49 211 4560-01
Fax: +49 211 4560-668
Web: https://www.boot.com/

The first boats and yachts will once again be arriving in December via the Rhine.

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