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Predictions about a freight market recovery in the dry bulk and container markets can be left high and dry, if the unexpected factor of a trade war comes to fruition. And as far-fetched such a notion seemed up to a couple of days ago, the events of this week suggest that nothing should be taken for granted in this time and age.

Postponing the adoption of the Initial Strategy on reducing GHG emissions from ships to a future session of MEPC should not be an option, according to the International Maritime Organization.

The Port of Long Beach has received a US$9.7 million grant from the California Energy Commission to demonstrate zero-emissions cargo handling equipment.

South Korea's Samsung Heavy Industries (SHI) has received orders for up to four liquefied natural gas (LNG) carrier newbuildings from an undisclosed company.

Hamburg Süd and its Swedish customer Electrolux have continued to finance a sustainability project that will reduce sulfur dioxide emissions in ports.

Egypt has laid the foundation stone for a EGP 1.3 billion (USD 73.6 million) multipurpose terminal at Damietta Port.

Norwegian companies Wilhelmsen and Kongsberg are joining forces to establish the world's first autonomous shipping company.

The Japanese container shipping alliance Ocean Network Express (ONE) commenced operation on April 1, and the alliance members have now completed their investment payments.

Japanese trio Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha have completed the investment payment into their new joint venture shipping business Ocean Network Express (ONE).

Black Sea Container Market Review 2017

  • Black Sea region growth for 5 countries
  • Top five Container Terminals of the region
  • Lines' market shares in the region

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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