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Ocean Freight Carriers See Red Skies Ahead
There are certainly professionals in the ocean freight carrier industry that think the worst of the rough financial seas is over for the world's transporters of ocean freight. There are also those in the ocean freight carrier industry that think the rough financial seas have just subsided a bit as the tradewinds slacken and ocean freight carrier movements of crude oil around the world grow.

There have certainly been signs of red skies on the horizon for the world's crude oil freight carriers in regions like Singapore and China. Demand for crude oil appears to be rising around the world in time with the prices for crude oil and exploration for new sources to feed the world's demand for crude oil.

In the ocean freight shipping forums around the freight industry professional and interested individuals have stated they think the worst of the rough financial seas appears to have passed and at present freight rates have been increasing. These individuals haven't been to Singapore and other regions of the world where ports are overflowing in many cases with ocean freight vessels of all sizes and types, which if you listen to some freight shipping professionals would seem to contradict the beliefs of those who see red skies on the horizon for the ocean freight shipping industry. Add to this the estimated 782 new ocean freight carrier vessels of crude oil and their support vessels that will be added to the world's fleet of crude oil transporters in 2010 and it might be a few months before we see the freight rates continue to rise. This could happen in the third or fourth quarter of 2010, according to sources in the ocean freight industry, but after that the new fleet should start to pay dividends for the international business of shipping ocean freight sometime in 2011 and beyond.
Posted on 30 Sep 2010 by Momentum
China's Ocean Freight Carriers of Crude Oil
Ocean freight carriers in China's exploding freight industry tasked with delivering the crude oil China needs to keep its industry working will be expected to face-the-music if China experiences an oil spill as tragic and damaging to Mother Earth as the Exxon Valdez affair in Alaska. There are certainly professionals in the worldwide ocean freight carrier industry that figure China will have to experience its own Exxon Valdez, before China's ocean freight shipping industry will look up and pay attention to the growing concern over China's unrelenting growth in the ocean transport industry and the growing problem with pollution produced by China's ocean freight shipping industry.

What's the probability of an Exxon Valdez or Erika type incident on China's waterways? Considering the growth in the demand for shipping services to transport crude oil to China and in China's growing domestic market, it many believe it might only be a matter of time before China experiences an environmental disaster on the scale of the Erika spill in Europe a decade ago or the more recent Exxon Valdez oil spill. This belief isn't necessarily a statement about the current safety standards of the world's shipping or shipbuilding industry, but a statistical norm that in some cases increases as each day passes without an oil spill occurring on the waterways freight carriers tasked with transporting crude oil in China use regularly. Once an oil spill occurs on China's waterways though the probability changes and it might be that China will need to experience an environmental disaster on the scale of the Exxon Valdez or Erika oil spill, before China will begin to make changes in the way it transports crude oil to destinations in China.

This it could certainly be argued was the case with ship owners in Europe and the United States, who seemingly became a galvanized weapon for change in the ocean crude oil transport industry, after the worldwide freight carrier industry came face-to-face with the public outcry over the problems caused for Mother Nature after the Exxon Valdez and Erika oil spills.

China would be better served by looking at the previous problems created for the freight carrier industry by the Exxon Valdez and Erika oil spills, and even the more recent problems with crude oil in the Gulf of Mexico, and learning from the hard lessons that others in the ocean crude oil transport industry had to learn the hard and expensive way. Still, knowing human nature, this probably isn't a likely scenario to occur in the years ahead, but it's still a possibility that we should try to pass onto our Chinese cousins.
Posted on 28 Sep 2010 by Momentum

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