CHINA Shipping Container Lines' (CSCL) CNY4.2 billion (US$683.9 million) new order for five 18,400 container ships with Korea's Samsung Heavy Industries has given confidence to investors about the shipbuilding market.
US IMPORT container growth through American ports is expected to increase 3.3 per cent in May, but then slow to a standstill by September, according to the monthly Global Port Tracker from the National Retail Federation (NRF) and Hackett Associates.
WITH the closure of its last feeder service from the UAE in June, Hong Kong's Orient Overseas Container Line (OOCL) has joined other major carriers in abandoning Iran ahead of fresh US anti-nuclear sanctions that come into force from July 1.
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