Singamas has warned that mounting tensions between the United States and China could affect trade volumes between the two countries in the second half of this year.
Liquefaction vessels will account for 80% of forecast expenditure, totalling USD42 billion, between 2019–24, the report said.
Imabari won orders for 89 ships in the last fiscal year, including bulkers and large container ships.
The ICS report, Reducing CO₂ Emissions to Zero, provides a summary of the strategy agreed in April at the International Maritime Organization (IMO) to cut the shipping industry’s greenhouse gas (GHG) emissions in half by 2050.
The group’s representative, Yoo Kyung-geun, told reporters, “We are not pleased that the court has acknowledged the liability. We take it as a matter of course. We wanted the court to explicitly state what this country had done wrong and to what extent a company should be responsible for their actions, not whether or not they were guilty.”
The world's largest freight forwarder saw a major uplift in volume and profit in the first half of the year.
Transas is said to be a good fit for Finnish maritime services and energy systems provider Wärtsilä as it looks to build 'Smart Marine Ecosystems' that will realise big fuel efficiencies for owners through technology to better manage navigation, power, and maintenance.
Under the terms of the agreement, which will come into effect in early September, the three companies will reduce the number of their Asia-USEC links from seven at present to five.
The end of Chinese container specialist Zhejiang Ouhua Shipbuilding, which once was a star performer in China's shipbuilding industry.
Bald Hill will commence regular monthly shipments of lithium concentrate following increased production.
Japan’s shipping major has sealed a three-year charter deal with US energy group Koch for a newly constructed VLCC.
The newbuildings have a total contract value of KRW123.8 billion (USD109.4 million), or USD27.4 million per unit, and delivery is set for March 2020.