Blogs

Strong rate rebound predicted by several analysts

Several financial analysts have recently voiced that they believe freight rates are poised for a rebound in 2011.

Following was reported in Xinhua News on 14 March 2011:

Most research houses believe that oil price surge and the increase in vessel supply will not derail the growth of container shipping. DBS Group Research said, "as long as the rising oil prices do not result in demand destruction and falling production, we will not be too bearish on container liner fortunes. "

TCC Preliminary 2010 financials

TCC's preliminary 2010 financials is now available.

It can be downloaded here or under "Investor Relations".

TCC joins jocXchange portal

The creators of JOC Exchange, which has automated the buying and selling of available spot market container slots, has signed The Containership Company. This means that TCC will be offering slots to interested customers online 24/7.

TCC acquires "Taicang Dragon"

TCC has declared an option for the purchase of “Taicang Dragon”. The vessel will be taken over in March 2011.

 
The declaration of the option is in line with TCC’s declared strategy to combine liner operations with sale and purchase of assets.

New service to Qingdao

Upon repeated customer requests, TCC will add Qingdao to the Great Dragon service. The first sailing from Qingdao will be 15 November with a 14 day transit time to Los Angeles. The first sailing from Los Angeles will be 25 October. Details will be made available on the website shortly.