MSC sells stake in its ports division – Lloyd’s Loading List

http://www.lloydsloadinglist.com/freight-directory/news/msc-sells-stake-in-its-ports-division/20018035332.htm?source=ezine&utm_source=Lloyd%27s+Loading+List+Daily+News+Bulletin&utm_campaign=737d74ea54-LLL_2_April4_2_2013&utm_medium=email#.UVrGW6u3NFo

Ocean Shippers Must Come to Terms with Carrier Efficiency “Myths”

Ocean Shippers Must Come to Terms with Carrier Efficiency “Myths” – Article from Logistics Management.

How much evidence is there that slow steaming hurts shippers? This MIT study says that because reliability is multidimensional, so far there isn’t much.  It does indicate that savings to ocean carriers have not trickled down yet to shippers.  But since the business is essentially perfect competition, it won’t be too long before shippers see the effects in lower freight rates.  Somebody will cut prices!

Cargo Ship Losses Weigh on European Banks

Cargo Ship Losses Weigh on European Banks – NYTimes.com.

It isn’t enough to bring down the Euro, but losses on cargo ships are weighing heavily on some European banks. They are the primary financiers, or have been, of cargo ships. The chickens are coming home to roost.   It might be a time to pick up a ship or two at a bargain if you’re a ship captain or smaller firm.

It’s the most difficult period in a couple of decades, according to the article.