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The IMO Sub-committee for the Carriage of Cargoes and Containers (CCC) succeeded in finalising the carriage requirements for bauxite cargoes based on GBWG's bauxite research, paving the way for safe carriage of these cargoes.
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts.
What are the new criteria for these tracking devices? When would the criteria enter into force? When is the transitional phase to allow time for compliance by manufacturers, carriers and other relevant stakeholders?
The positive stories continue to show themselves in the container shipping segment, with freight rates holding up well and demolition activity staying strong. In the light of the slowly developing demand side, it’s very positive that the industry deals with the supply side issues to improve the fundamentals.
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