The newly inaugurated Panama Canal may not be as beneficial as it appears for the liner industry. Although the new locks and a deeper, wider shipping channels will potentially double the waterway’s capacity, the increased efficiencies of larger neo-panamax boxships…
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Newcomer Hongwei Aquatic of Fujian has inked its first order in China. Broker said the Fujian Funing yard will build a 160,000-cbf reefer for delivery in 2017. No price was mentioned. This is the only ship listed in the owner’s fleet…
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Estimated additional cost to shipping of a 0.5% cap could come to around $50bn per year The International Maritime Organization (IMO) is set to agree on the timetable for a new global limit on the sulphur content of bunkers in…
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