Moore Stephens: Total annual operating costs in the shipping industry fell by 1.3% in 2017.
Middle East
Drewry: Asia to Middle East, South Asia Trade Sees Weak Demand
Demand from Asia to the Middle East and South Asia is in a steep decline, according to Drewry.
Interview: Any Light at the End of the Tunnel for Tankers?
MSI’s Tim Smith reveals when to expect the tanker market to start sailing on the recovery path.
Readers’ Picks of the Week ( 24-28 Sept. 2018)
Here are the most read stories of the past week.
https://worldmaritimenews.com/archives/261579/readers-picks-of-the-week-24-28-sept-2018/
Maritime Community Clamps Down on Shipping of Counterfeit Goods
A set of best practices developed to reduce the volume of counterfeits shipped around the globe.
WoodMac: Less Than 1 Pct of Bulker Fleet to Be Scrubber Fitted in 2020
Wood Mackenzie estimates that scrubbers will be installed on less than 1 pct of the bulker fleet in 2020.
UNCTAD: Trade Wars a Symptom of a Deeper Malaise
UNCTAD believes recent rounds of tariff hikes will disrupt a trading system drawn increasingly around value chains.
https://worldmaritimenews.com/archives/261461/unctad-trade-wars-a-symptom-of-a-deeper-malaise/
Solstad Farstad PSV scores long-term Qatar deal
Norway’s Solstad Farstad has been awarded a two-year contract for 2006-built platform supply vessel . The vessel is currently mobilising to support the drilling operations of a major operator offshore Qatar from the end of September. Far Swan had previously been operating in Australia.
https://splash247.com/solstad-farstad-psv-scores-long-term-qatar-deal/
World Maritime Day: Better Shipping for a Better Future. But What About the Present?
The global maritime community celebrates today the World Maritime Day.
ZIM extends relationship with MSC
Fresh from forging a landmark alliance this month with 2M partners Maersk and MSC on routes from Asia to the US east coast, Israeli boxline has now linked up with MSC again, this time on the India Sub-Continent – Mediterranean tradelane. ZIM, which has never been in an official container alliance,...