The world's ports have four major business opportunities that can help them grow and play a bigger role in the global society, says Olaf Merk, port expert at OECD. Read on to learn the four opportunities.
Spanish port strikes, set to be launched today, have been temporarily called off, as Spanish port workers "seek to show goodwill" and attempt new negotiations with the Spanish ministry of labor, report media.
The Chinese port city of Shanghai has a good hold on the top ranking as the world's busiest port, measured in twenty foot container units, even thought the closest competitors have yet to publish traffic data. Shanghai made solid gains compared to last year, writes Seatrade Maritime.
US shale oil is now being produced at such a rate that it could threaten the stability currently enjoyed by the sector, projects Rystad Energy. One of the major suppliers of offshore rigs, shipbuilder Keppel, does not see a recovery anytime soon.
The three major Japanese container carriers: MOL, NYK Line, and K-Line, which are poised for a merger, all have faith in advancements this year, as indicated in their annual reports published Friday morning.
Gas carrier Exmar went red in the first quarter in the weak LPG market where too many vessels are undermining an otherwise historically strong US gas export. The carrier has also called off negotiations to acquire a Dutch FSRU fleet.