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Latest From Vincent Wee
Owners are said to be halting new fixtures on vessels for trading with the Gulf as their concerns are deepening over the safety of calling at ports in the region. The resulting shortage of vessel supply and increase in operating costs will likely give a lift to tanker earnings
While there are risks to going into the Middle East, this seems preferable to staying put in Southeast Asia and helplessly waiting for the market to recover
In response, K Line said the leadership provided by both executives is necessary to improve the company’s performance in unstable market conditions and their continued presence is essential to improving corporate value
Additional upgrading work is also being carried out at the moment to raise the Adriatic Gate Container Terminal’s on-dock rail terminal capacity to 360,000 teu per year to boost intermodal capability
The award of the engineering, procurement and construction contract is a strong signal the final investment decision will go ahead as expected on June 18
The service will also feature comprehensive North Asian market coverage, calling at five Japanese main ports as well as Hong Kong, Shekou and Taiwan