World fleet to increase during the next five years
Global shipyards are under pressure and 2021 could bring the third lowest level of newbuilding orders in 12 years, says BIMCO.
Read moreGlobal shipyards are under pressure and 2021 could bring the third lowest level of newbuilding orders in 12 years, says BIMCO.
Read moreWall Street Journal reported that Hapag-Lloyd and Taiwanese carrier Evergreen Marine Corp have separately placed orders to Asian yards for the construction of more than a dozen mega-container ships that would have a combined value of about $2.2 billion.
Read moreAccording to the Director General of NIMASA, Dr Dakuku Peterside, Nigerians will be able to lift their country's crude oil for export immediately the national fleet comes into operation. The new national fleet will be 49% owned by a technical partner and Nigerian investors will hold the 51%.
Read moreOfficial data from the UK Maritime and Coastguard Agency (MCA) focus on the fact that the gross tonnage on the UK Ship Register was 16.0 million at end of December 2018, a decrease of 1% on the previous year, but 16% up on the figure at end 2014.
Read moreConcerning its FY2020 budget, the US Navy proposed to include a $10 billion top line increase, in comparison to the proposed reduction in projected fleet size. The Navy intends to prioritize more up-to-date vessels, retiring the carrier USS Truman two decades early and skipping the planned service life extension for the Ticonderoga-class cruisers.
Read moreDP World PLC, the Dubai-based port operator, announced its interest on purchasing the holding company of P&O Ferries and P&O Ferrymasters of GBP 322 million (USD 421 million). The transaction implies a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.
Read moreOfficial data from the UK Maritime and Coastguard Agency shows that gross tonnage on the UKSR has increased by 18% compared with the end of 2014, following three consecutive years of growth. Moreover, the UK registered merchant fleet grew by 7% in gross tonnage (GT) in the year to end December 2017, a third consecutive year of growth. Lastly, the UK share of the world trading fleet was 0.8% at the end of 2017, with the UK registered trading fleet the 18th largest in the world by deadweight tonnage.
Read moreWallem Commercial Services, announced that it has welcome two new Supramax vessels to its commercially-managed fleet, which now amounts a total of twenty vessels.
Read moreThe Palau International Ship Registry has recently seen a strong increase in its fleet size as more shipowners and operators look to become a part of the new breed of smart registries. At the end of September 2017, the Palau flag fleet stood at 380 ships with 3,000,000 gross tonnage.
Read moreGlobal containership capacity is expected to grow by only 4.6% this year, with fewer newbuildings and an increased level of scrapping, according to consultancy firm Alphaliner.
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