The rebound in container shipping has caught many operators unaware.
While overcapacity was the main problem threatening the sector this time last year, with the oversupply of box ships dragging down container shipping rates, this year has been marked by shortages, particularly those of equipment, with lines faced with a lack of containers.
The problem stems from [Read more...]
After slumping by 12% in 2009, the largest contraction of the post-war period, global trade volumes have steadily rebounded in the first half of 2010. Yet, just as the global economic downturn laid bare the inherent chinks in the armour in the world’s financial system, the upturn is exposing a fundamental weakness in another vital [Read more...]
Global politics and commerce have long been centred on major basins, starting with the Mediterranean, then shifting to the Atlantic and later the Pacific oceans. In recent years, the Indian Ocean has emerged as the focus of a new geopolitical competition and a realm for promoting ‘South-South’ trade and investment, especially between China-India and Africa. [Read more...]
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