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.
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.
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.
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.
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.
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.