Healthy charter rates for feeder ships prompt investment
Contract is part of strategy to increase cargo volumes and business for South Korean liner operators
The South Korean government will spend KRW20.2 billion (USD18 million) to develop a logistics cluster around the northern mouth of Incheon port.
Following a dip to zero after trade restrictions were lifted, floating storage volumes are now bouncing back.
Insolvent shipbuilder to be sold piecemeal to attract buyers.
Re-organisation of commodity group renews shipowners’ confidence
There has been a change in the control of some ships that were commercially managed by Taylor Maritime HK Ltd.
While the global maritime sector continues its slow recovery, adjusters and surveyors warn that the recovery is not making its way into their sector. In fact it is becoming worse.
The capacity expansion through a new dry dock is being planned at a time when two of India’s biggest private yards – ABG Shipyard and Bharati Defence and Infrastructure - are facing liquidation under India’s new bankruptcy law
The South Korean shipbuilders said that, respectively, they incurred KRW389 billion and KRW290 billion of accumulated losses in the first nine months of 2018.