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Spot rates in the Asian to Middle Eastern markets are gaining the most traction following the improvement of the container shipments on the route by 1.6%. Despite a bad start of the year, annual trade growth could rebound back by 3%. Drewry said that container ships are needed the most as the number of shipments continues to grow.
The German shipping company Hapag-Lloyd has added a new container ship, the Afif, to its fleet. 368 meters long and 51 meters wide, the Afif was delivered in perfect condition. The new large container vessel is the first ship of its class painted in Hapag-Lloyd colors.
The ReCAAP and the Oil Companies International Marine Forum (OCIMF) have signed a Memorandum of Understanding to boost the fight against piracy and robbery against ships in Asia. The first agreement, signed on July 24 in London, would enhance cooperation against maritime crimes.
Fortune Ocean Shipping is looking to expand its fleet with up to six new bulk carriers. The company placed four firm orders with Tianjin Xingang at the price of USD 23.5 million apiece. The contract involves 82,000 dwt Panamax bulkers with a market value of around USD 21.4 million.
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