A brighter outlook may prevail in shipping markets amid upbeat sentiment over the global economy but if year of the dog predictions are correct, the tailend of the year will unleash some challenges
The tide may finally be turning for the Middle East’s offshore support vessel market, which has struggled since 2016.
National kiwi fruit marketer Zespri is forecasting a rise in containerised volumes ex-New Zealand during the forthcoming 2018/19 season.
A shipowner may endure a long-running dispute about who pays the cost of putting design errors right if shipbuilding contracts contain no provisions allocating liability for the vessel’s design.
Following a fleet expansion, Singapore-based shipowner Epic Gas reported a USD18 million net loss, but continues to grow the LPG breakbulk trade.
The deal comes just days before the traditional P&I renewal date of 20 February and London market brokers have said they have seen an increase in interest in fixed-premium P&I from owners who have seen their fleets contract.
Indonesia's Ministry of Trade issued the decree last year and the policy will be implemented in April, despite concerns that there are insufficient domestic-flagged vessels to support such cabotage.
As Hamburg's major competitors recorded volume gains last year, its total throughput declined, leaving it to work out how to reverse the trend.
Efficiency gains from the system implemented by HIT’s CT9 North will be felt by liner customers and improve the facility’s capability to handle large cargo surges from bigger oceangoing vessels, HIT’s head of engineering said.