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The New Ocean Freight Carrier 'Workhorse'
Ocean freight carriers could be ordering new containerships of a specific size, once container transport trade increases, in order to fill a growing demand in the future to service ports that will have a hard time handling the larger post-panamax vessels that are operating on the trade routes of the world today. There are professionals in the ocean freight industry that believe we could see an increase in the ordering of new containerships in the size range of 5,000 to 7,500-teu in the future in order to fill demand for ocean freight carrier vessels with shallow drafts and high container capacity to service ports of the world that are a little behind the times and haven't made the changes they need to make to enable them to handle the largest containerships. That this size of containership could become the next workhorse of the container transport industry in the years ahead in the century of the environment.

The emerging markets have many ports that have made the necessary changes in port infrastructure to allow post-panamax containerships to dock in these ports. At the same time there are a host of ports in the emerging regions of the world, like the east coast of South America, that are likely to require shallow-draft containerships in order to conduct ocean freight shipping activities in these particular ports. These markets also deal in a high volume of fruit, meat and other perishable freight that requires a high intake of reefer containers that will likely implement containerships of the 5,000 to 7,500-teu size range.

Ocean freight carriers have been warming to the belief that containerships of this size range, which are often referred to as baby-panamaxes, will be the next workhorse of the container transport industry. Det Norske Veritas (DNV), the company that prepared the market analysis that has created the belief in the growth in demand for containerships of the baby-panamax size, has even developed their own design for containerships of this size, called Quantum. A baby-panamax containership of 6,200-teu, with a high reefer capacity of 1200 plugs that the company hopes will be perfect for flexible ocean freight carrier operations between Europe and South America, Quantum also has a slower cruising speed of 21 knots to keep it in line with future emission legislation.
Posted on 05 Oct 2010 by Momentum
Off-Shore Ocean Freight Carriers
One small niche sector of the ocean freight carrier industry trade in Asian bulk crude oil is occupied by the off-shore support vessels that transport the goods and materials needed for production, drilling and construction in the worldwide bulk crude oil industry. A niche sector supported by the increase in the price of crude oil and the demand for off-shore freight transport services to facilitate the increase in investment in exploration and production of crude oil, the use of platform supply vessels (PSVs) has grown in time with the freight rates in this niche sector of the Asian ocean bulk freight transport industry.

This small niche sector of the Asian ocean freight carrier industry does have a few problems on the horizon of 2010 though as challenges have appeared in the form of the shadow of a gigantic global order book for new off-shore vessels. The current order book according to sources contains a total of 194 new PSVs that will emerge from the world's shipyards by 2014. Yet, if one looks at the numbers sources have provided on the number of PSVs available to be put to work transporting freight in 2009, as compared to the demand for freight transport services for production, drilling and construction in the crude oil industry of Asia, one sees that the supply of vessels already outclips demand for ocean freight carrier services in this small niche sector of the worldwide freight industry.

What does this possibly mean for shipowners in this small niche sector of the ocean freight carrier industry? At present, probably not much, but players in other crude oil markets around the world have come into play lately by removing ship capacity in the Asian market of this small niche sector and could in in the future take more capacity out of the Asian market. Previously, this has had little effect on freight rates in this niche sector in the Asian freight industry, but if enough capacity is removed by outside players in the future and a large percentage of the new order book for PSVs were to be cancelled, as can occasionally occur in the shipbuilding industry, we could see the value of PSVs go up, along with freight rates, as we travel further into the century of the environment.
Posted on 04 Oct 2010 by Momentum

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