ONE Line (OCEAN NETWORK EXPRESS) container services for Bulgaria from China, Japan, Korea and South East Asia
Two NYK-operated vessels — Garnet Leader, a pure car and truck carrier (PCTC), and NYK Remus, a containership — have been awarded the Panama Canal Authority’s Green Connection Award, a new initiative started on January 1 to recognize vessels who demonstrate excellent environmental stewardship.
Continue reading “NYK REMUS Receives Panama Canal’s Green Connection Award” »
PRIVATISATIONS have been a key plank of Greek international bailouts since 2010, but have reaped only EUR4 billion (US$4.23 billion) so far versus an original target of EUR50 billion due to political resistance and red tape.
Continue reading “Piraeus port – a Greek privatisation success story” »
DENMARK’s Maersk Line is seeing a more balanced supply-demand situation for 2017, after years of overcapacity and excessive optimism about demand given that the order backlog for ships is declining and freight rates are rising.
Continue reading “Maersk predicts global container shipping market will grow by 2-4pc in 2017” »
TWELVE of the world’s 25 largest shipping lines in the first nine months of 2016 suffered a combined net earnings decrease of US$13 billion, while average spot rates on the Shanghai-Rotterdam trade route were down to $618 all-in per TEU, equivalent to a suffocating $0.06 per nautical mile, according to Dynamar.
Continue reading “Top box lines suffer US$13b loss in first 9 months of 2016: Dynamar” »
AFTER a quite spell at the end of last year, demand for large and very large charter box vessels has perked up with the market registering its first small gains in a long time last week as fixing activity proved surprisingly brisk after the festive season.
Continue reading “Containership charter market shows signs of picking up” »
A NEW era for the containership sector has been ushered in with the opening of the new, expanded Panama Canal in June, and is prompting significant changes in asset and deployment trends.
Continue reading “Expanded Panama Canal sheds fresh light on global container fleet” »
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