Recent Trend of Shipping Industry

Thursday, September 07, 2017 0 Comment 296 Views 0

Recent Trend of Shipping Industry


Julys on-time rate ranking list of shipping companies has been published and Maersk for the first time ranked last in the list. On the other hand, J.P. Morgan Chase has sold a bulk vessel to a South Korean company at a price achieving a new high of the year.

Recently world-renowned shipping analyzing institution Sealntel has published July punctuality rates of the world’s 18 shipping companies.

According to Sealntel analysis data, in July, Maersk punctuality rate showed a sharp decrease to 75%, which was the last one in the list. Sealntel pointed out that Maersk IT network was attacked by hackers in June and this incident resulted in its punctuality rate ranking dropping. UASC ranked last but one with a rate of 75.9%.

Data also showed that in general the average rate of the 18 companies dropped from 77.7% in June to 76.5% in July. Among these companies, OOCL was No.1 with an on-time rate of 85.2%, followed by Evergreen with 84.8%.

From high to low and from the 3rd to 16th, included are APL, HMM, Wan Hai, COSCO, NYK, Hamburg Sud, CMA-CGM, Hapag-Lloyd, ZIM, MSC, K Line, MOL, Yang Ming and PIL.


 Recent Trend of Shipping Industry


J.P. Morgan Chase has sold a bulk ship bought 8 months ago to a South Korean company, H Line. The price of the transaction created a new high for the year.

It is said that H Line purchased this 179,300-dwt ship at 29.50 to 29.80 million US dollars which is named True Frontier and was completed in 2010. The cost was higher than 20.50 million stated by J.P. Morgan Chase in January. At that time, the Hyundai Samho-built carrier was formerly known as N Fos.

Songa Bulk bought 180,700-dwt Golden Opus at a price of 28.85 million dollars in June, which created a new high for 2017. Shipping agents told that in the current market, an increasing number of shipowners plan to buy bulk ships, so the price is reasonable. J.P. Morgan Chase has always been active on purchase of such ships. Now it has raised 480 million dollars to support major asset projects.


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