The number of containers is a better bellwether of global trade than the number of container ships.
The London-based startup is helping ships to optimize their port docking time, allowing them to sail early and save on fuel by sailing slower.
UNCTAD expects volumes across all maritime segments to grow in 2018. However, it warns that trade wars can disrupt the global trading system and there is a need to assess the implications of vertical integration within the industry, addressing any potential negative effects.
Hyundai Merchant Marine wants to grow its fleet to 1M TEU capacity and vault itself into the ranks of the very largest maritime carriers. The South Korean government is financing HMM’s expansion after letting Hanjin collapse in 2016/7.
Container Terminal Services has secured a contract to expand the Porto Umm Qasr in Iraq to handle more container volume.