Global Shipping looks Better Next Year’

The international shipping industry may be still reeling from the major economic downturn a decade ago, but prospects will look better starting next year, according to a maritime school official. Dr. Neopol Salvador, director of the School of Graduate Studies at the Asian Institute of Maritime Studies (AIMS), said the shipping market was still suffering
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All shipping areas registered growth, both imports and exports, with the sole exception of exports to Central America which registered a slight drop. Throughput for the largest shipping area, Europe, registered the strongest growth: 12.4%. Throughput for North America grew by 8.2% and for Asia by 2.2%. Imports from China after 8 months stand at
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Throughput continues to register growth in the Port of Antwerp. After record semi-annual figures, the total throughput after nine months stands at 177,026,550 tonnes – a sharp 6% increase compared with the same period last year. With these results, the port seems to be on track for the sixth record year in a row. The
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Mediterranean Shipping Company (MSC) has been recognised as ‘The Greenest Shipowner of the Year’ at the annual Green Shipping Summit in Amsterdam, the Netherlands. MSC was commended for its efforts to promote the sustainable use of marine resources and investments in green technologies. For example, it has retrofitted hundreds of ships with technologies to improve
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APL was named ‘Containership Operator of the Year’ at the Lloyd’s List Asia Pacific Awards 2018 last week. The award marks an acknowledgement of APL’s robust service network, commercial advancement, operational excellence and responsible environmental management, emphasised a release. APL Chief Executive Officer, Mr Nicolas Sartini, said, “This award is symbolic of APL’s pioneering spirit
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NYK has been selected for the Dow Jones Sustainability Indices (DJSI) for a 16th straight year. The DJSI, a major global index for companies engaging in socially responsible investment (SRI), comprises selected sustainability-driven firms from over 3,400 worldwide companies invited to participate in a selection process consisting of an in-depth analysis of economic, environmental and
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Pacific spot day charter rate for LNG carriers is at its highest point for the year-to-date, amid tight prompt availability and several requirements. S&P Global Platts assessed the Pacific day rate for LNG vessels at $90,000/day on Tuesday, the highest since late December, when the hire rate was $85,000/day. ExxonMobil was heard to have put
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Bahri, a global leader in logistics and transportation, has reaffirmed its position at the forefront of the industry by retaining the ‘Shipping Line of the Year – Break Bulk Operator’ title for the third year running at the 9th edition of the All India Maritime and Logistics Awards (MALA) 2018, the leading awards programme for
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As global markets continued to grapple with deficit of the metal, exports of aluminium from the country shot up by 15.9 per cent in the April-June quarter this year. Oversupply in the domestic market also helped exporters, reports said. The uptrend in aluminium exports observed in the last financial year spilled over into FY19 as
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Skuld today announces a positive result for the first six months of the 2018/19 policy year. Skuld reports a bottom-line result of USD 14 million compared with USD 8 million at the half year in 2017. The result is mainly derived from Skuld’s P&I book of business and a low number of reported claims from
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