Known as the “humble heroes” of globalization, containers are handled in hundreds of millions at container ports worldwide annually. Efficient and well-connected container ports enabled by frequent and regular shipping services are key to minimizing tr…
Container ports: the fastest, the busiest, and the best connected Read More »
Despite the expected summer lull, newbuilding ordering activity picked up over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “rather surprisingly, we saw a considerable boost in the volume of new orde…
Sudden Pick Up in Newbuilding Orders Read More »
The global economy started in 2018 on a positive note but, as industrial production decelerated, trade slowed and business confidence fell, the momentum lost steam. Global growth, which peaked at close to 4% in 2017, moderated to 3.6% in 2018 and is pr…
Greek Shipping And Economy 2019: The Strategic and Economic Role of Greek Shipping Read More »
Further to the club’s web alerts on 17 June and 22 July and news article on 19 July, the Warlike Operations Area Committee (WOAC) has temporarily designated the Strait of Hormuz as a high-risk area from 2 August. This follows the UK Government advice t…
Temporary Agreement for Strait of Hormuz issued by Warlike Operations Area Committee Read More »
With the first half of 2019 plagued by increased net tanker fleet growth and a higher than expected refinery maintenance, things weren’t going to be all that rosy for tanker owners. However, ship owner Teekay Tanker remains optimistic on the futu…
Ship Owner Optimistic About Tanker Market Recovery Read More »