Ship Construction

Caspian Sea Ship Transportation Flourishes

News Analysis: Caspian Sea Ship Transportation Flourishes in this Inland Body of water; the World’s Largest. Its size of 370,000+ km2 (143,000+ mi2) makes it ideal for Freight Transportation by Ship. Its dimensions are impressive: A length of 1,030+ km (640 mi) with a width of 435+km ( 270 mi). As such, with a dearth of suitable ‘High Speed’ Roadways going around the Sea, the shortest route is Point-to-Point across it. Last year, 10 million tons of Freight traversed the Sea.

Due to the increase in Petroleum Exploration in the area, the Caspian Sea should have ever-increasing traffic. This additional commerce bodes well for Ship Construction and Shipping Line Profits in coming years.

Entrepreneurs may want to explore the possibility of investing in the Caspian Sea Region for Freight and/or “Fast Passenger” Transportation. Due to the fact that the Nations abutting the Caspian Sea want it developed, Investors should be welcomed.

Reference: http://www.azernews.az/business/62303.html

Middle East Oil Tanker Shipping Rates are on an Upturn

News Analysis: The quick turn around in Tanker Shipping Rates bodes  well for this industry. For far too long, oversupply of tankers, in conjunction with decreased demand, almost sank the historically, very cyclical business. Hopefully, older vessels [15+ years of age] will be scrapped, encouraged by adequate rates, if enduring over the months. New buildings, when undertaken, will also help yards around the world [who have seen a dearth of Oil Tanker  customers recently]. This symbiosis of Industry [Shipping] to Industry [Ship Building] may eventually cascade into better times for both. 

Perhaps Non-Traditional Funding Sources will learn about the rate changes and explore Investment opportunities in Ship Construction.  

A parallel growth model is in the construction  of Liquified Natural Gas [LNG] Vessels. In fact, innovators such as ship owner, John Fredriksen, has been leading the followers where it comes to foresight  in types of New Buildings needed in General Shipping and Oil Exploration/Production Vessels.

Reference: http://tinyurl.com/lnv3fpe