SMART4SEA Conference & Awards
2018
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SMART4SEA Conference & Awards
2018
Learn More

Author: Sandra Sarmpezi

OOCL launches fifth 21,413 TEU container ship

oocl container ship

Hong Kong-based OOCL announced introduction of another 21,413 TEU containership, named the OOCL Scandinavia, into its fleet of world trade ambassadors. This latest ship is the fifth in a series of six ‘G Class’ containerships on order at the Samsung Heavy Industry shipyard.

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Drewry: Crude tanker freight rates to drop in 2018

crude tanker rates

Although tonnage supply growth in the crude tanker market is expected to be low next year after surging in 2017, this will not be enough to push tonnage utilisation rates higher as demand growth is expected to be sluggish, Drewry notes. A slowdown in global oil demand growth and a likely decline in China’s stocking activity will keep growth in the crude oil trade moderate next year.

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