China Shipping Dev H (CSDXF) 0.7300 $CSDXF
China Shipping & Port Industry Report 2H12
M2 - Fri Feb 08, 3:00AM CST
Research and Markets (http://www.researchandmarkets.com/research/hm7248/china_shipping) has announced the addition of the "China Shipping & Port Industry 2H12" report to their offering. Overcapacity and declining rates characterized container shipping in 2011 and 2012. Capacity reduction and export rush before the Lunar New Year holiday are expected to lead to rate restoration in early 2013. Delivery of new vessels in 2013 is estimated to represent nearly 10% of existing fleet capacity. In 2012, the Baltic Dry Index posted its lowest average since 1986. Vessel scrapping increased as a result of high supply growth. The cancellations of major coal transportation contracts and the double-track price structure for thermal coal may add uncertainties to the coastal bulk freight rate in 2013. Capacity addition of large size vessels is expected to cause persistent low freight rates in near term. The shipping industry faced challenges of high bunker costs amid low shipping rates in 2012. Slow steaming is an indus
China Shipping & Port Industry Report 2H12
M2 - Fri Feb 08, 3:00AM CST
Research and Markets (http://www.researchandmarkets.com/research/hm7248/china_shipping) has announced the addition of the "China Shipping & Port Industry 2H12" report to their offering. Overcapacity and declining rates characterized container shipping in 2011 and 2012. Capacity reduction and export rush before the Lunar New Year holiday are expected to lead to rate restoration in early 2013. Delivery of new vessels in 2013 is estimated to represent nearly 10% of existing fleet capacity. In 2012, the Baltic Dry Index posted its lowest average since 1986. Vessel scrapping increased as a result of high supply growth. The cancellations of major coal transportation contracts and the double-track price structure for thermal coal may add uncertainties to the coastal bulk freight rate in 2013. Capacity addition of large size vessels is expected to cause persistent low freight rates in near term. The shipping industry faced challenges of high bunker costs amid low shipping rates in 2012. Slow steaming is an indus
