Year-on-year throughput for the top eight ports in China rose in February, as US President Donald Trump is due to announce USD50 billion in tariffs on imports from China.
The Lloyd's Register Foundation has agreed to fund the research and development of blockchain technology that will be collaborative and allow the shipping industry to make the move from the old world competitive mentality to the new collaborative industry model of the future.
DP World invested more than a billion dollars across its global portfolio last year, taking total available capacity to 88 million teu. Subject to market demand, it expects capacity to reach more than 100 million teu by 2020.
Lokken will take over from Jan Arve Haugan who will be leaving the company later in spring.
China's Shanghai Waigaoqiao and CMB Financial Leasing team up with class society ABS to bring a shipbuilding roadshow to Europe as the yards and financiers seek to bolster European business ties in a recovering market.
After a heavy loss in 2016 and concerns at its commercial viability, independent niche carrier ZIM has returned to profitability.
Evergreen will continue to optimise its fleet with ongoing renewal and will welcome total 47 new ships to join its fleet by the end of 2021.
Sungdong began voluntary restructuring in April 2010, in hope of a recovery in the shipbuilding market. However, the market never really recovered because of the downcycles in various shipping segments and the rise of Chinese shipbuilders.
LNG producer Peru and LNG buyer Chile are next-door neighbours. But no cargoes pass between them – a transport inefficiency that is increasingly positive for vessel demand.
Greek shipowner Kyklades Maritime has secured two more VLCC newbuildings from South Korea’s Hyundai Heavy Industries, adding to the four VLCCs that were ordered earlier.
Taiwan’s CPC Corporation has begun offering 0.5% sulphur bunkers at Taiwanese ports, but vessels installed with scrubbers will not qualify for a fuel subsidy aimed at encouraging early compliance with the IMO’s global sulphur cap in 2020.
South Korea’s Ministry of Oceans and Fisheries has denied that it has received request for USD47 million from SM Line for new containers.
Port and vessel operators are concerned that the UK could leave the EU Customs Union after Brexit