Aircraft load factors are trending downward Low oil price has a positive impact – but aircraft load factors are trending downward The low price of oil compared to the long-term average is having a positive impact on airlines’ earnings. According to IATA, the cost of kerosene is likely to accountRead More →
Airfreight lags behind passenger volume Air traffic: airfreight lags behind passenger volume The weakness of global trade in recent years is also reflected in the development of international airfreight. Global airfreight volume (in tonne- kilometres) grew by just 1.5% a year on average between 2010 and 2015. Seen over aRead More →
Shipping companies are trying to cut operating costs Due to pricing pressure in the sector, shipping companies are trying to cut operating costs. In recent years, this has paradoxically led to a trend towards ordering ever larger ships, which has in turn exacerbated the problem of overcapacity. The average sizeRead More →
Overcapacity continues Overcapacity continues to dominate the shipping industry As we have seen, the development of volume – the movement of goods – in global ship transport has lost momentum in recent years, despite not experiencing a sharp drop as in 2009. The low growth in volume would be lessRead More →
Realignment of certain container shipping routes Another reason for the low growth in 2015 is the realignment of certain container shipping routes. Some of the world’s major container ports act as important hubs for the industry. They are the places where containers are loaded from (usually large) ships to otherRead More →
Claim 1: Bitcoin is overvalued During the past centuries of financial market history, exponential price rises have always been a sure signal of a boom-bust cycle. The claim “this time is different” was proved wrong almost every time. That is why economists conclude that the bitcoin boom will inevitably collapse,Read More →
Container throughput fell by nearly 9% The rise of container shipping came to an abrupt end in 2009, when global container throughput fell by nearly 9%. Despite posting an impressive recovery in 2010 and 2011 (+15% and +8% respectively), growth rates in this segment have been slowing significantly since 2012Read More →
Container shipping: very little momentum German shipping companies have a particularly strong market position in container shipping. According to the German Shipowners’ Association (VDR), German companies owned 29% of the global container fleet in 2015, making the country’s merchant fleet in this segment the largest of its kind. For years,Read More →
Tanker market will be dominated by opposing factors The global tanker market will be dominated by opposing factors in 2016 and 2017. Despite relatively low prices and geopolitical risks, the supply of oil is likely to remain high. At the same time, some (unconventional) sources will remain under pressure inRead More →
Bitcoin claims A list of standard claims about bitcoin (1) Bitcoin is overvalued. (2) Bitcoin will challenge the predominant role of the USD. (3a) Bitcoin will be dead as soon as the regulators intervene. (3b) Bitcoin will be dead soon. (4) The bitcoin community is hostile to banks. (5) TheRead More →
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