The Economist – Page 7

  • The new 18,000 teu capacity Triple-E vessels will add to congestion even in the big Asian ports

    An Asian dilemma


    Travelling around Asia opens the mind as there are events taking place here that introduce new issues, and these suggest we may not always have been looking in the right direction.

  • Terminal operations are seeking, once more, to define themselves

    Re-inventing the wheel


    Terminal operators today are moving to re-define their role, to come up with an identity that clarifies what they do. At least that is the case in container terminals; bulk terminals have a more clearly defined role.

  • Rotterdam has begun screening ships from Japan for radiation contamination

    Finding the right coping mechanisms


    The wider impact of the the Japanese tsunami and subsequent radiation leaks has broad repercussions for the shipping and ports industry.

  • Economists are expected to provide forecasts for months and years ahead

    Caution counselled as uncertainty rules


    Our industry expects economists to provide forecasts for the months and years ahead, prognosticating about demand and supply as well as financial returns. We spout optimism and pessimism with equanimity, but often with a lag.

  • Economists, famed for their herd instincts, seem to have broken ranks

    Promises of a good year


    Being an economist is not easy. We are expected to have an opinion on the state of the economy but are usually castigated for our views.

  • Will liner operators learn from the mistakes of the past?

    Surviving 2010 not a panacea for 2011


    What a wonderful year 2010 was: the container shipping industry has survived and even those on the edge of oblivion managed to get pulled back.

  • The stocking fillers may be lacking this season

    No Christmas stocking for box ports


    The liner industry has entered the slow season. Normally the peak season comes around late August through early October, but this year it came early in the July-August period.

  • News

    Fancy a Gamble?


    Hedging, OTC trading and Derivatives have arrived in the container market. Ben Hackett

  • The way forward remains uncertain and is littered with economic realities

    The littered road to recovery


    The spectre of mass insolvency and bankruptcy appears to be behind us as the maritime industry roars to the end of 2010 with excellent financial results for the first half of the year.

  • Virtually every carrier has managed to get into the black by mid 2010, many of them spectacularly

    The peak season enigma


    After over a year of a constant stream of depressing financial reporting from shipping lines terminal operators and port authorities we are finally seeing positive numbers being announced in the financial results.

  • Will debt reduction strategies put more hurdles in the way of ports' growth?

    Creating hurdles, not solutions


    The latest G20 meeting resulted in a communique that endorses austerity and debt reduction.

  • Port Strategy: APM Terminals managed to increase profits when lines were suffering

    Astute management could have repercussions


    The global container terminal operators reported profits in 2009 despite the shipping global recession and shipping calamity.

  • Port Strategy: Shippers and lines are still at loggerheads. Credit: DeWow

    Trust and credibility still at stake


    One of the key issues to emerge at the 12th Global Liner Shipping conference in London was the continuing mistrust between shippers and carriers.

  • The industry needs to find the long view

    Only the beginning of the end


    At the recent Journal of Commerce conference in Oakland (TPM) one of the major carrier’s chief executives suggested that the industry had not been ready for the boom in cargo and had had no pre warning.

  • Recent economic data has been contradictory

    Growth marred by confusion


    The last two months have been interesting for economic analysts; data has been contradictory and has led to the lengthy debate on whether we are about to return into recession or are poised for solid growth.

  • The Economist

    Winds of Change


    The shipping industry is entering a period of change; the impact of the economic crisis is creating changes that may alter the face of shipping for some years to come.

  • double dip

    Are we in danger of a double dip recession?


    A recent US survey of eminent economists resulted in 80% of those surveyed believing that the recession was over. Yet we continue to hear warnings about the continuation of the recession with fears of a "W" double dip recession and the next negative phase of the financial crisis resulting from ...

  • News

    It's Over


    Let us consider the good news: exports from Europe to the Far East in the first half of the year compared with the second half of 2008 showed a volume increase of 5% according to the ELAA.

  • News

    The Silly Season


    The summer period of vacations, leaving offices and governments with skeleton staff, is known as the "silly season" in the UK and the "dead season" in France. There are few events of newsworthiness and news readership drops dramatically.

  • News

    If you did not anticipate it, blame the economists


    The last two weeks has made me think that it is time to change professions. Being an economist is becoming unpleasant. Reading the newspapers and attending industry conferences can be very depressing. Why does everyone like to pick on economists when the shipping executives make irrational decisions?