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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  US crude supply expanded for a fifth consecutive week last week as still-low crude runs at US Midwest and Gulf Coast refiners dented crude demand, US Energy Information Administration data showed Wednesday Total commercial crude inventories increased by 6.35 million barrels to 422.79 million barrels during the week ended October 19, the EIA data
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The Chennai Port Trust is carrying out various cleaning activities in the Operational areas and its Housing Colony as part of its SWACHHTA HI SEWA and SWACHHTA PAKHWADA campaigns. As part of the campaign, the operational areas Area – II and Area – III were cleaned on 18.09.2018.  Further, lifestyle classes were imparted to Staff
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DP World said that it will continue to pursue all legal means to defend its rights as a shareholder and concessionaire in Doraleh Container Terminal SA (DCT) in the face of Djibouti’s blatant disregard for the rule of law and respect for commercial contracts. On 9 September the President of Djibouti enacted a decree which
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The European Union sees little chance of relief from controversial U.S. metal tariffs before mid-2019 while aiming for a narrow trans-Atlantic trade deal to avert any extra American automotive duties, according to one of the bloc’s officials. The European Commission’s current talks with the U.S. to reduce trans-Atlantic market barriers for industrial goods should keep
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DP World has said that it will continue to pursue all legal means to defend its rights as a shareholder and concessionaire in Doraleh Container Terminal SA (DCT) in the face of Djibouti’s blatant disregard for the rule of law and respect for commercial contracts. On September 9, 2018, the President of Djibouti enacted a
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World oil indexes have climbed 10 percent in the past two weeks but turned into slight down-ward trend yesterday. The global oil market is now two months away from seeing substantial supply losses from Iran due to sanctions. Indeed, the declines are already underway, raising concerns about market tightness. MABUX World Bunker Index (consists of
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French container shipping company CMA CGM plans to continue to look for acquisition opportunities after its plans for merging with German rival Hapag-Lloyd fell through, Reuters reports. Speaking on the sidelines of yesterday’s inauguration of the company’s new flagship, the 20,600 TEU CMA CGM Antoine de Saint Exupery, in the Port of le Havre, the company’s CEO Radolph Saade
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World oil indexes have held onto gains in the last few days, finding support from a weaker US dollar and from news that OPEC had eased oil production cuts in July. Meantime, an escalating trade dispute between the United States and China outweighed news of US crude production increase. MABUX World Bunker Index (consists of
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On July 23, 2018, Chennai International Terminals Pvt. Ltd (CITPL), owned and managed by PSA International, hosted celebrations in Chennai for staff, stakeholders and the trade to mark PSA’s 20th year in India. CITPL is PSA’s second terminal investment in India. The licence agreement with Chennai Port Trust was signed on March 3, 2007 and
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