Car Carriers Shipping to Continue its Recovery Despite Rising Uncertainty : Drewry

LONDON: Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilisation. But increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational efficiency will be challenged by the emergence of new trades and ports of call, according to the Finished
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Norway’s gas transportation company BW Green Carriers AS, part of BW Group, is taking Miami-based bunker supplier World Fuel Services Inc to court over contaminated bunkers. The company filed a complaint at Florida Southern District Court on October 19, 2018, seeking compensation for damages caused by contaminated bunkers to two of its LPG tankers, M/V
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Klaveness Combination Carriers AS, the leading owner and operator of modern combination carriers, holds several attractive growth options and is now launching a contemplated private placement of shares with total gross proceeds of approximately USD 45-70 million. Current investors, management and previous CABU investors will subscribe for USD 25 million. Klaveness Combination Carriers AS (KCC),
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Newly formed Klaveness Combination Carrier is launching a contemplated private placement of shares with total gross proceeds of approximately USD 45-70 million as part of its fleet growth initiative. As disclosed, current investors, management and previous CABU investors will subscribe for USD 25 million. The company was launched in April 2018 to own and operate modern
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– Eco-friendly, fuel-saving technologies support winning LNGC orders, comes with option for two – Growing demand this year hint at more LNGC orders to come Samsung Heavy Industries(“SHI”) revealed on August 17th that it won a newbuilding contract for two 180,000㎥ LNG carriers from a European shipowner Celsius Tankers. The price is 187 million USD
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Kalmar, part of Cargotec, has concluded a deal with Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, to supply a total of 10 new straddle carriers. This brings the total number of Kalmar straddle carriers ordered by HHLA in the last two years to 30, further demonstrating the strong
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The consolidation between top tier carriers such as French liner giant CMA CGM and its German counterpart Hapag-Lloyd is unlikely, according to Simon Heaney, Senior Manager for Container Research at Drewry. As explained by Heaney, the merger of carriers of such size would probably be challenged by regulatory authorities amid fears of breaking fair competition rules.
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Alphaliner reported that the average capacity operated by the 13 largest carriers over the first five months of the year has increased by 9.1 per cent compared to the same period of 2017. ZIM has experienced the fastest pace of growth, with a 24.5 per cent increase, while Hyundai Merchant Marine is the sole line
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Carriers’ on-time schedule reliability decreased by 1.6%, from 59.6% in February 2018 to 58% in March 2018, latest data from intelligence provider CargoSmart shows. Reviewing schedule reliability by trade, seven of the 12 trades decreased from February 2018 to March 2018. The Europe-Middle East trade experienced the largest decrement in reliability, decreasing by 23.6% from
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In Issue 355 of the Sunday Spotlight, SeaIntel Maritime Analysis analysed carriers’ financial and volume results for 2017. The 2017 annual accounts show a considerable improvement over 2016, although not enough to be considered a full recovery of the current 8-year liner shipping crisis. All of the reporting carriers recorded significant increases in their top line revenues
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