Damco's first block train arrived in France from China on schedule on 16 November as Maersk focuses on transport and logistics.
The wreck removal process in China is uncertain and there are concerns with transparency when the authorities become involved. As such shipowners are advised to actively and proactively engage the Maritime Safety Administration (MSA) the body in charge of administering shipping safety in China.
Wison Offshore & Marine has inked an agreement with Shanghai Electric Power Generation Group with an aim to develop medium to large scale floating LNG power generation barge.
Stone Marine Propulsion in the UK and NGC Marine in China are teaming up to create a new supplier of propulsion and marine gearbox propulsion equipment.
The shipping market is heading for a long cold winter season ahead with seasonal lull of low construction activities in China. As such, the Baltic Dry Index (BDI) recorded 1,374 points on Wednesday, down 31 points day-on-day, and posted a loss of 71 points as compared to Monday’s reading at 1,445 points.
Global container port volumes grew at 7.7% in the third quarter, higher than expected, according to a survey by analyst Alphaliner.
LNG containment expert GTT has inked an order for two FSRUs to be built at Hudong-Zhonghua Shipbuilding for Dynagas.
Odfjell and Sinochem Shipping (Singapore) are forming a pool of eight vessels with the Norwegian owner taking four ships on long-term charter.