Trade Tensions seen Impacting Container Demand

A gloomier world economic outlook and rising trade tensions have forced Drewry to downgrade its forecast for container demand over the next five years, according to the global shipping consultancy’s latest edition of the Container Forecaster. Drewry’s long-term supply and demand prognosis for carriers has deteriorated since the last report. Previously, the company’s global supply-demand
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LONDON: The capacity of the containership fleet is growing too fast for the demand side to keep up, exerting further pressure on the freight rates and hopes of market recovery. The delivery of newbuilds has been rampant since the beginning of this year, especially of ultra large container vessels (ULCVs). What is more, newbuild deliveries
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We have previously advised you of the three suezmax newbuildings from Samsung Shipbuilding in South Korea in 2018. The first one was delivered to NAT July 10, 2018. The second ship was delivered yesterday, August 31, also this unit on time and on budget. The vessel has the name of Nordic Cygnus, which is a
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A number of international freight forwarding and logistics firms are preparing to withdraw from business with Iran soon due to tightening US sanctions and fears about legal consequences, it is learnt. This is despite attempts by Europe to support the so-called ‘Joint Comprehensive Plan of Action’ that lifted UN nuclear sanctions on Iran in January
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Maersk Line selected ABS to lead a workshop to identify and evaluate potential hazards posed on containerships from dangerous cargoes stowage. The workshop assembled industry stakeholders to conduct a comprehensive Hazard Identification (HAZID) study to better understand key risks associated with cargo. The workshop identified hazards associated with dangerous goods stowage on a range of
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