Analysts such as Clarkson Research’s Martin Stopford have forecast that newbuilding prices could dip by as much as 10% this year as yards get increasingly desperate for new orders and accept prices below breakeven level. However, South Korean shipbuilders hold a different view as they shift much of their new order attention to the offshore sector.
Oh-Yoon Kwon, general manager of the Korean Shipbuilders Association (Koshipa), said……
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APL champions fuel efficiency as bunkers soar
Achieving fuel efficiency in operating ships is more important than attaining incremental fleet capacity under current and foreseeable market conditions, according to Kenneth Glenn, president at APL, the container shipping arm of Neptune Orient Lines (NOL).
India rules out change to cabotage law
There was bad news in store for the DP World run International Container Transhipment Terminal (ICTT) in Kochi when Indian Shipping Minister G K Vasan categorically ruled out any change in the country’s cabotage laws in the foreseeable future.
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