to Drewrys latest five-year container port demand forecast, volumes are set to increase on average by just under 6% a year. This would add 240m teu to global container port throughput by 2022 45m teu a year broadly
equivalent to the size of the worlds largest container port, Shanghai.
for increased ton mile demand and hence higher revenues in the LR1 sector, as large volumes of low-sulfur gas oil need to be moved into position at bunker terminals ahead of the IMO 2020 global 0.5% sulfur bunker mandate. The
Talara, owned by Navig8, and the King Dorian, owned by Mercator Navigation, were seen placed on subjects carrying clean products on the US Gulf Coast-trans-Atlantic run.
Ocean Industry, has been in negotiations with two shipowners regarding six undelivered vessels. The two owners are believed to be German companies Auberbach Schiffahrt and Briese Schiffahrt, who ordered four multipurpose vessels and two multipurpose vessels
separately at Jiangzhou Union Shipbuilding in 2014.
illegal. In February, the government of Djibouti illegally seized control of the Doraleh Container Terminal from DP World, who designed, built and operated the terminal after a concession awarded in 2006. The move follows the
governments campaign to force DP World to renegotiate the terms of the concession.
the agreement, MSC will award scrubber conversion work for its containership fleet to a number of shipyards including subsidiary yards of Cosco Shipping Heavy Industry and China Shipbuilding Industry Corporation. BNP Paribas will provide financing support
for the deal while Sinosure will offer export credit insurance services.
fewer than last years 17 and below the 1981-2010 average, according to a forecast Thursday from Colorado State University. That reduces the chance of Gulf of Mexico disruptions for energy and agriculture. But the outlook is a slight increase from Julys 11
and comes as the Atlantic Basin is about to enter its most active period.
200 nm to the south. She had 250 passengers, 93 crewmembers and containerized cargo on board. During the voyage, flooding began in the number two hold, forward of the deckhouse, and the water rose to a level of five meters (16 feet). The crew’s efforts to
pump it out did not alter the water level.
a long hiatus. Formerly called Tinghir, the ship was the the last unsold container vessel in the fleet of bankrupt Moroccan owner International Maritime Transport Corporation (IMTC). The vessel had been under arrest after
IMTC encountered financial difficulties in 2013.
was able to reiterate guidance as it reported a 5 percent rise in quarterly revenue, driven by demand from airlines and governments. Its shares were down 6 percent after the results at 545.2 pence at 1315 GMT, although
they remain well above the levels they were trading at before it rejected EchoStars first approach in June.
compared to a net income of USD 369.5 million reported in the same period a year earlier. The company beat the adjusted earnings per share (EPS) guidance for the second quarter by USD 0.39. Such
a high level of favorability is unusual" the company said, stating better than expected revenue, performance from the joint ventures and lower than expected expenses w.
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