Pacific Tycoon
Blog / Shipping Containers
The shipping container industry is an interesting international business, that has grown into a profitable investment and (what is more commonly being referred to as) income producing assets. In most instances, a container leasing and management company will own and lease a fleet of cargo containers, not the actual shipping vessels. At the moment, there [...]
According to the Global Marine Trends 2030 report, China will continue to prosper and evolve into a world superpower, in every aspect of the commercial shipping industry. In fact, it is suggested that China will own and operate up to a quarter of the world’s commercial shipping fleet, by the year 2030. In order to [...]
Leading the shipping industry through tumultuous times, PSA International has continued to prosper despite economic challenges in Europe, the United States and other parts of the world. With the help of contributions from their busy shipping terminals all across the globe, the Singapore-based port operator (PSA International) said it increased its revenue 4.3 percent to [...]
The Indonesian shipping industry is expected to experience substantial growth this year. Some analyst believe that the industry could see an increase of 20 percent in 2013, amid the strong domestic and global demand. With the United States, Europe and China looking at economic recoveries of differing intensities, the international environment has become more favorable [...]
Gulftainer, the privately-owned UAE enterprise, is the largest privately-owned port operator in the world. Established in 1976, it has a strong track record of growth and the company has aggressive plans to stay on top, well into the future. Based in Sharjah, Gulftainer is coming off an impressive year (2012), and is looking to improve [...]
Despite the global economic turmoil, OOCL reported a substantial rise in profit over the previous year. Last year (2012), the company recorded profits of $297 million, which was a 63 percent increase over the $182 million the company reportedly earned in 2011. This news follows OOCL’s positive yearly review, which saw revenues rise 7 percent, [...]
Published in latest edition of the Container Freight Rate Insight report, the Drewry Hong Kong-Los Angeles container rate benchmark jumped 14 percent, to US$2,524 per 40ft container; as the January peak season surcharge (PSS) took effect. The $311 per 40ft increase in the benchmark rate shows that Transpacific Stabilization Agreement (TSA) member carriers’ achieved around [...]
Amidst the economic recession the euro zone, it’s indeed remarkable to hear that even shipping container ports are improving the competitiveness, of the industry and stimulating economic growth. The latest is the Port of Setubal, which has announced the cancellation of its container tax, in an effort to encourage business at the port. The port [...]
The latest UIC report, shows that overall combined transport in Europe increased by almost 29 percent between 2005 and 2011, and demonstrates that region has recovered well; from the 2008-2009 economic downturn. The 2012 Report on Combined Transport in Europe, was commissioned by the UIC from KombiConsult. Previous editions published in 2006, 2008 and 2010 [...]
Kaohsiung, Taiwan’s main seaport, achieved a marginal improvement in annual container throughput in 2012, according to figures from Taiwan International Ports Corporation (TIPC); Taiwan’s only state-owned harbor management company. In December, the Taiwanese port posted a throughput traffic of 795,986 TEU, an improvement month-on-month from 780,940 TEU; in November. Overall, Kaohsiung handled a total of [...]