One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world…
As 2020 approaches, the year ends with the tantalising prospect of a trade deal between the United States and China. Again.Initial agreement to de-escalate the tariff war between the world's two biggest economies has been interpreted as a positive for the global economic outlook…
Miami-based cruise company Royal Caribbean Cruises Ltd. (RCL) will kick off construction of a third cruise terminal at the Port of Galveston in Texas next year.Both companies have approved a lease agreement to build a third cruise terminal at…
CMA CGM's Containerships has announced delivery of its fourth container ship powered by liquefied natural gas (LNG), the 1,380-TEU Containerships Arctic.After the introduction of its three sister ships, the CMA CGM Group took delivery of the Containerships Arctic…
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday.Beijing has yet to confirm whether it is on board with the proposal…
The White House has reached a 'deal in principle' with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.The White House was expected to make an announcement later on Thursday, the source said…
Alewijnse Marine has won the contract for the electrical fit-out of two additional Damen Combi Freighter 3850s currently in build at Damen Yichang Shipyard for delivery in January 2020.The contract is based around the design, build and delivery…
Lindblad Expeditions Holdings, a global player in expedition cruises and adventure travel experiences, has celebrated the float out of National Geographic Endurance in Ulstein Verft, Norway.The first polar newbuild for the line, the 126-guest…
The Port of Savannah moved 363,000 twenty-foot equivalent container units in November, a 5.4 percent increase over the same month last year, or an additional 18,460 TEUs.For the fiscal year to date (July-November), the Georgia Ports Authority has handled nearly 2 million TEUs…
U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement.'We're close…
Genting Hong Kong and its Hong Kong–German shipbuilding group, MV Werften, announced a new Universal Class of cruise ships targeted at customers outside of Genting's cruise brand portfolio of Dream, Crystal and Star.The keel-laying of the second 208…
Broward County's Port Everglades Department and the Dominican Republic Port Authority have signed a Memorandum of Understanding (MOU) as part of a joint Sister Seaports agreement.The MOU will promote bilateral trade. The two parties want to…
Finish shipbuilder Meyer Turku delivered liquefied natural gas (LNG)-fuelled Costa Smeralda to Italian owner Costa Cruises, a brand of Carnival Corporation.The brand's new flagship Costa Smeralda becomes Carnival Corporation's fourth new ship of 2019 and its second LNG-powered ship…
Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River…
All Hamburg Süd customers can use the new Remote Container Management (RCM) technology for their reefer container shipments. RCM monitors parameters such as temperature, relative humidity, and the concentrations of O2 and CO2 within the reefer container in real time…