In 2016 the shipping industry saw significant supply side adjustments in reaction to continued market pressures. For shipbuilders this meant a historically low level of newbuild demand with fewer than 500 orders reported in 2016, and the volume of tonnage on order declined sharply. Meanwhile, higher levels of delivery slippage and strong demolition saw fleet growth fall to its lowest level in over a decade. Pressure Building Up 2016 was an extremely challenging year for the s

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Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) have reached an agreement to enter into a new strategic cooperation. The cooperation is a combination of slot exchanges and slot purchases between the three parties, as well as Maersk Line and MSC taking over a number of charters and operations of vessels currently chartered to HMM. Although the cooperation is outside the scope of MSC and Maersk Line’s 2M vessel sharing agreement, it “will pro

Mexican authorities have seized some 278 kilograms of cocaine from a container carried by the 63,200 dwt containership Laura Maersk. According to the information provided by the Mexican government, the vessel, operated by Danish shipping giant Maersk, brought the container to the port of Manzanillo, where the illicit content was discovered. A total of 295 packages were hidden inside a cargo of magnetic rollers. The container with the cocaine was reportedly loaded onto the 200

The withdrawal of Hanjin Shipping’s tonnage has not been enough to rectify the Asia-Mediterranean trade’s supply-demand imbalance and the new alliance schedules for next year do nothing to address this issue, according to shipping consultancy Drewry. Westbound volumes rose by 1.8% in the third quarter and the growth rate for the year to date is now registering 2.9%. Asian exports shipped to the West Mediterranean, including North Africa, grew by 2.8% between July and Septembe

Investors seem to think that the newly elected American President, Donald Trump will prove beneficial to the shipping industry, as the latest shipping stocks surge has shown. On the other hand, it could just be a blip of the markets and normal service will be resumed as soon as more information regarding policies emerge. Still, as Allied Shipbroking pointed out in its latest weekly report, it looks as though the market started to have severe mood swings as to what a Trump pre

The age old problem of low levels of trust between importer and exporter when it comes to payment looks set to be alleviated by the adopting of “blockchain” technology in the banking system. Blockchain is the revolutionary concept behind the global sensation of the cryptocurrency, Bitcoin, and is the current darling of fintech. A growing number of start-up companies from around the world are vying for attention in the race to develop practical applications across a variety of

Want to get away? Got a ton of stuff to move? Remember, at ARI, no matter where you're going, we can ship your stuff for you. Let our professional and friendly staff show you how they'll save you or your business money on all your shipping and transportation needs. Give us a call or email us today! #DonaldTrump #politics #election2016election #Presidentialelection #shipping #cargo #freight #ARIShipping #ARIShippingCorporation #logistics #oceantransport #internationalfreight #

Air pollution from ships is a serious problem that doesn’t get enough attention. Kelvin Boot explains how environmental science can help ensure industry plays by the rules. Europe has an estimated 80,000 ship-visits to ports each year, and many of those ships burn cheap, low-quality fuel that creates polluting exhaust emissions, containing sulphur, nitrogen oxides and particulate matter. This thick, dirty, tar-like fuel oil is what’s left behind after the crude oil has been r