What’s the attraction in building “mega-containerships” , with these monsters being extruded out of far eastern shipyards in increasing numbers, at a time when demand is flatlining if not actually in decline? Who does it benefit?
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As one who is dwelling in life’s twilight years, it is difficult not to be sensitive to all the angry articles about irresponsible baby-boomers who have spent their childrens’ legacies, and how the younger generation will be working their fingers to the bone to pay the pensions of these non-productive members of society.
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Clay’s latest blog is a stark reminder that as an industry, shipping really seems to be in denial about the reality of recession...
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My recent blog on weak walled ships seemed to have struck a chord with people who spend their time handling them.
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“T” is for Tug. It is the generally accepted painted mark on the side of a ship where it is safe for a tug to put its nose against the larger vessel and gently push it alongside, assist in turning the vessel short round and generally help in close manoeuvring.
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A small article in yesterday's Wall Street Journal brings back memories. In the article, John Coustas, CEO of container operator Danaos Corporation, reflects on the things that went wrong.
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