Carriers are increasingly going public in recent months regarding their realisations and their plans in the digitalisation field.
Following the acquisition of Hamburg Süd, Maersk now has the scale and it makes sense for us to go through the (Panama) canal and serve the Caribbean market, says Toft
The company’s vast appetite for tonnage and its determination to outbid other suitors is causing growing frustration among other buyers, according to brokers.
Vessels are part of a series of six such ice class 1A tankers SCF Group has under construction and due for delivery between the third quarter of 2018 and first quarter of 2019.
Greater use of autonomous vehicles will cap oil demand growth while LNG trades are expected to double over the next 25 years, UK oil giant BP said in its annual Energy Outlook released on 20 February.
South Korea's second-largest shipping company Hyundai Merchant Marine offloads its last VLCC for demolition.
ECSA warns that without a suitable agreement UK and EU ports risk heavy traffic snarl-ups as disused reporting formalities and cargo checks are reintroduced.
The move is part of expansion plans that will see the installation of semi-automated terminal equipment and the relocation of logistics depots to sites outside the heavily congested port.
Newbuilding deliveries are set to slow down and the prospects for the global economy are good.
The effect of the sulphur cap on tanker demand could be positive in the long term, analysts suggest.
The main threat to shipping from cyber attackers coms from those aiming to make financial gain, says expert.
Singapore’s maritime industry will receive an additional SGD12.6 million (USD9.6 million) that will go toward training the next generation of seafarers.
Skou expects 2018 and 2019 to deliver strong returns for the line as broad-based global growth has led to a 5% increase in container movements, more than the 2–4% initially forecast.