Understanding the Objectives of China’s Belt and Road Initiative
Much has been written of China’s Belt and Road Initiative as observers seek to understand its objectives, both stated and unstated.
Much has been written of China’s Belt and Road Initiative as observers seek to understand its objectives, both stated and unstated.
The recent ordering of a batch of 22,000 TEU capacity Ultra Large Container Vessels (ULCV) has re-ignited the debate surrounding just how big container vessels can become.
A very well attended fourth annual Institute of Chartered Shipbrokers Canada Branch Dry Bulk Commodities Conference was held on November 16 at the Vancouver Convention Centre West.
Greater regulatory certainty and a burgeoning bunkering infrastructure worldwide means the conditions couldn’t be better for LNG-fuelled vessels to set sail.
The November 13-14, 2017 UNFCCC COP23 meeting in Bonn was the stage for the world’s 3rd largest container carrier, the Marseille based CMA CGM Group, to announce its decision to fit its 9 x 22,000 TEU newbuilds scheduled for delivery in 2020, with LNG propulsion.
Following an in-port race on October 14, the first leg of the 2017-18 Volvo Ocean Race, begins in Alicante, the permanent headquarters of the race, on October 22.
Some 150 container vessels of around 300,000 TEU capacity are currently laid up and this number is expected to expand considerably in the next few weeks as demand slows during the northern winter slow season before picking up again ahead of Chinese New Year.
Surinder Brrar
Director, Chartering Pacific at Pacific Basin Shipping
With the key challenges to the Dry Bulk Shipping industry not easing up it now seems to me inevitable that consolidation is coming.