China's coastal container fleet saw a solid growth in the first half. The average age of the overall coastal fleet is younger than the level seen in last year driven by the government's policy to encourage scrapping of younger vessels.
Following Maersk's divestment of its non-container businesses, the reorganisation of the Maersk Line brand is continuing with the restructuring of its freight forwarding business and from January, Damco will be part of Maersk’s Logistics and Services Products, the company announced yesterday.
Cargo volume growth and jobs are at stake as the United States and China continue trade retaliation measures.
The speculation prompted Evergreen to put out a statement to the Taiwan Stock Exchange.
Antong Holding will raise funds to expand its container ship fleet and construct two logistic parks.
A leading salvor said the introduction of more fire breaks would be a significant first step towards preventing fire from spreading across large numbers of containers.
Caribbean transhipment terminals already have spare capacity and a raft of new projects is set to provide carriers with even more options.
For the vast majority of vessels, complying with the 2020 sulphur cap will mean using fuel oils with a sulphur content of 0.5%, the ICS said.
Following GoodBulk’s failure in June, Navios Containers has given up on its IPO strategy and instead will seek a New York ticker symbol via a direct listing.
All eyes in the Caribbean and Latin America are on the integration of Maersk Line and Hamburg Süd, now expected in 2019 after a stumble out the gate with a suspended service earlier this year.