IMO to address the definition of Group A cargoes that liquefy
07 September 2018IMO Sub-committee of Carriage of Cargoes and Containers holds its 5th meeting next week and this is to inform members on issues that are of relevance.
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IMO Sub-committee of Carriage of Cargoes and Containers holds its 5th meeting next week and this is to inform members on issues that are of relevance.
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 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.
Severe overcapacity in the market and recently agreed contract rates on the transpacific trade lanes keeps pressure high on the liner companies.
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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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)