Search results
Results from the WOW.Com Content Network
From 2008 to 2009, new container ship prices dropped by 19–33%, while prices for 10-year-old container ships dropped by 47–69%. [64] In March 2010, the average price for a geared 500-TEU container ship was $10 million, while gearless ships of 6,500 and 12,000 TEU averaged prices of $74 million and $105 million respectively. [ 65 ]
The index measures global container freight rates [4] by calculating spot rates for 40-foot containers on 12 global tradelanes. [5] It is reported around the world as a proxy for shipping stocks, and is a general shipping market bellwether. The FBX is currently one of the most widely used freight rate indices. [6]
The supply of cargo ships is generally both tight and inelastic; it takes two years to build a new ship, and the cost of laying up a ship is too high to take out of trade for short intervals, [4] the way you might park a car safely over the winter. So, marginal increases in demand can push the index higher quickly, and marginal demand decreases ...
The Container Store will issue approximately 40,000 shares of a newly created series of preferred stock to Beyond for an aggregate purchase price of $40 million.
Sentiment is fickle on Wall Street. Flavor of the day can quickly sour and become yesterday’s leftovers. Case in point: Capesize shipping company Seanergy Maritime (SHIP). Last week, the stock ...
Shanghai Shipping Freight Exchange is the first electronic shipping freight exchange in the world. It has three lines of businesses, including International Dry Bulk, Domestic Coastal Coal, and International Container. The container freight derivatives were launched in 2011 and shortly became the most liquid container freight contracts.
Mediterranean Shipping Company was founded in Naples in 1970 as a private company by seafaring captain Gianluigi Aponte when he bought his first ship, Patricia, followed by Rafaela, with which Aponte began a shipping line operating between the Mediterranean and Somalia. The line subsequently expanded through the purchase of second-hand cargo ships.
Container ship classes of Ocean Network Express Ship class Built Capacity (TEU) Ships in class Notes NYK Vega-class: 2006–2007 9,012 4 NYK Line: Hannover Bridge-class 2006–2009 8,212 8 K Line: NYK Oceanus-class 2007–2008 8,628–9,040 4 NYK Line: MOL Creation-class: 2007–2008, 2013–2014 8,110–8,560 10 Mitsui O.S.K. Lines: MOL ...