Monthly Archives: September 2017

NO TRADE BALANCE FOR CONTAINER SHIPPING UNTIL END OF 2019

Recent forecasts from ocean carriers that a supply-demand equilibrium will be reached next year are “optimistic”, says Alphaliner. It says newbuild deliveries with 1.6m teu of cellular capacity will aggravate a supply overhang that is expected to be carried over from the fourth quarter of this year. Alphaliner’s current idle …

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PACKING CODE’S ADOPTION AND ENFORCEMENT

A coalition of cargo industry organizations representing the full breadth of the global supply chain is maintaining its campaign for safer practices in packing freight containers.  During a meeting held at the IMO during London International Shipping Week, the group asked delegates of IMO member states for the backing of …

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TRADE, AUTOMATION AND JOB LOSSES

Some experts argue that the next wave of technological advances will replace many existing jobs but will also create new ones. Other experts disagree, arguing that the new wave of technologies is different (in terms of speed, scale and force) and will replace human jobs at a massive scale, leading …

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CARNIVAL ORDERS NEW CRUISE SHIP FOR CUNARD LINE

Cunard’s Queen Mary 2, Queen Victoria and Queen Elizabeth meet in the Liverpool for Cunard’s 175th anniversary in 2015. Carnival Corporation has signed an agreement to build a new cruise ship for its iconic Cunard brand with Italian shipbuilder Fincantieri. The world’s largest cruise company said Monday it has signed …

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NORWAY’S OIL FUND REACHES $1 TRILLION

The value of Norway’s Government Pension Fund hit $1,000,000,000,000 or $1 trillion for the first time. The Fund is based on revenue raised from the nation’s oil industry and is designed as savings for future generations – when the oil runs out. A strengthening of the world’s major currencies against …

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