For at least three decades, the container shipping industry has been locked in a recurring boom-and-bust loop. During times of strong macroeconomic growth, shipping rates would soar and container ship operators would reinvest their profits in new, ever-larger vessels. Then the economy would slide into a downturn, demand would plunge,…
Read MoreIranian container ship fire off Syria, wild speculations around⚠️⚠️⚠️ Iranian container ship SHAHR E KORD is reportedly on fire off Latakia, Syria, since either late Mar 10 or early Mar 11. The…
For at least three decades, the container shipping industry has been locked in a recurring boom-and-bust loop. During times of strong macroeconomic growth, shipping rates would soar and container ship operators would…
China Ocean Shipping Company or COSCO, a large Chinese freight forwarder. Launched this cargo ship “H1416”, one of the world’s largest freighter built by the Shanghai Waigaoqiao Shipyard. Watch the clip below! Chinese shipping…