Demolition of container ships could hit a seven-year low this year if current trends continue.
Escalating trade war between the US and China is delaying vessels calling at US ports, warns Union Pacific Railroad President and CEO Lance Fritz.
“Disappointed” that the Brexit white paper contained no proposals to ensure mutual market access after March 2019, marine insurers vow to engage with government to establish a way forward in the long term.
Difficult conditions have hampered salvage operations on the stricken reefer, which grounded a year ago while sailing from Papeete in French Polynesia to Nouméa in New Caledonia.
For several years, the IMO’s vision for taking navigation beyond ECDIS seemed moribund, but a string of European R&D projects are now starting to bear fruit.
The group announced on 11 July that Astrid de Bréon, who took on the post of CFO in February 2017, had resigned with immediate effect but would continue to carry out her duties until a replacement is found.
Yang Ming’s general manager believes cargo flows will be affected by a trade war, but expects growth in the third-quarter peak season.
Following this sale, Thoresen Shipping will have 21 vessels averaging 55,285 dwt and 11.24 years in age.