K Line to scale back fleet amid ‘harsh business environment’
Company’s net losses stood at ¥955m in the first quarter compared to the year-ago net profits of ¥7.8bn
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August 2020
Shipping number of the week: New Export Orders’ rise to 48.4 in July is not enough to stage a recovery
China’s New Export Orders Index rose to 48.4 in July but much more is needed for the country’s manufacturing industry to close the gap, and more new export orders are needed to stage a sustainable recovery for the global container shipping industry. “N…
West Africa – A vibrant but troubled trade
The West African container trade covers some twenty-five countries, with twenty possessing direct access to a coastline. It is a market that has developed greatly in recent years and is home to some of Africa’s most vibrant, promising markets, such as …
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Remote annual surveys – offering a digital alternative
When the annual survey for Berge Bulk’s Large Capesize (LCS) bulker Berge Zugspitze came due in the spring of 2020, travel restrictions brought about by the coronavirus pandemic prohibited conducting a traditional on-board survey. Berge Bulk reached ou…
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Deadly Explosion Rips Through Beirut Port Area
A powerful blast in port warehouses near central Beirut storing highly explosive material killed 78 people, injured nearly 4,000 and sent seismic shockwaves that shattered windows, smashed masonry and shook the ground across the Lebanese capital.Offici…
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