21% of the global market (excluding intra-regional). Maersk Line is followed by its 2M Alliance partner Mediterranean Shipping Company (MSC) in the second place and CMA CGM in the third place. The remaining top ten players
include German liner Hapag-Lloyd, COSCO, Evergreen, OOCL, MOL, Yang Ming and NYK. The top 10 shipping lines have seen their combined market share increase from 68 to 83% in 4 years.
in global growth is driven by a higher growth from advanced economies than first anticipated. The IMF now expects the GDP for advanced economies to grow by 2.3% in 2018 and 2.2% in 2019, which is an upward revision of 0.3 percentage points for 2018 and 0.4
for 2019. If this growth materialises, it will be highly beneficial for the container shipping industry.
shipping industry the global newbuilding orderbook has been wound down to levels that bode for more rational expansion. The global fleet stands at 95,000 vessels with some 3,500 on order, equating to 10% of current capacity
according to a report by Crucial Perspectives.
found that five shipping companies operated a cartel covering nearly 50% of the 10m vehicles imported and exported annually from the EU.
the 50,000 dwt bulk carrier has also been verified to be in compliance with the International Gas Fuel (IGF) Code. The vessel is the result of a collaboration project, announced in July 2016, to develop the first in a new
generation of environmentally-friendly LNG-fueled bulkers.
have been delayed over a managerial conflict. The port is reportedly not responding to requests for comment. According to the sources, between 1,000 and 2,500 rail cars with oil products
are stuck near the port waiting to be loaded on to tankers.
per share. The shipping and logistics company posted revenue of $128.5 million in the period.
ship broker Interchart LLC, is looking to raise the funds by midyear in a so-called initial coin offering. Using its own cryptocurrency would ease conversions into and out of traditional currencies, speeding settlement, according to Chief Executive Officer
Ivan Vikulov. The company was the first to execute a freight deal in Bitcoin, shipping 3,000 tons of Russian wheat to Turkey at the end of last year.
BAE Systems Plc and Babcock International Group Plc, with the work funded by Brazil, before the 21,500 metric-ton ship is handed over to the South American nation in June, the Ministry of Defence said in a statement.
and at least one frigate, a 30,000-tone amphibious transport dock and three support tankers entered the Indian Ocean, media reports claim, without linking the deployment to the crisis in the Maldives or giving a reason.
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