Despite recycling a majority of tonnage annually, South Asian countries have been repeatedly questioned about the environmental viability of such activity. This is despite the fact that almost everything on an end-of-life and the ship itself is recycled and reused, which adds to the sustainability of our natural resources.
Saudi Aramco on Wednesday announced a $44-billion deal to build a giant refinery complex in India with three Indian firms that will become a crucial new outlet for the world's biggest supplier.
A top-heavy delivery schedule and sluggish demand may force shipping lines to lower 2018 transpacific contract rates.
With India’s high economic growth and the improvement of container market, Hyundai Merchant Marine (HMM) has been aggressively expanding its sales activities within the region. HMM currently operates seven services and ten vessels between Asia-India, and its export volume from India last year increased almost 70% year-over-year.
World Bank:
The World Bank warned that a trade war between the U.S. and China will hurt economies in Southeast Asia since they rely on exports for growth.
King Abdullah Port landed the eighth spot among the world’s fastest growing ports for 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development.
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in Brisbane, Sydney, Melbourne and Fremantle.
BIMCO, the world’s largest shipping association, has piloted a project that it claims can cut a master’s administrative workload per port call by as much as 80%.
The Ocean Alliance group of container lines has begun the next phase of operations, but with fewer ships than first declared a few months ago.
first section: Prospects for the Maritime Shipping Industry in 2018
The history of the shipping industry indicates that the businesses of this industry and its marketplace are cycles of boom and recession, which are repeated periodically.
Qatargas and EGAT have inked a MoU that could see Thailand importing LNG from the Middle East nation.
EGA and Abu Dhabi Ports have opened a new container freight station to reduce trucking within the Khalifa Industrial Zone Abu Dhabi.