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Global Shipping Industry Output Value Reaches 500 Billion USD
Worldwide container ships carrying sports shoes, bananas and barbie dolls are becoming increasingly large. So are the corporations owing the ships.The global shipping industry with an output value of 500 billion US dollars is experiencing a large-scale integration. The survivors in the integration no…
Maersk Shipping Business Faces Price Wars
Maersk recently has sold its oil and gas operations to Total SA at 7.5 billion dollars. However, its main business, ocean shipping, is still facing a new price war during the consolidation of the shipping industry. Without the support of the oil and gas sector, Maersk may have difficulties in breakin…
14855-TEU ‘Theodore Roosevelt’ Passed Through Panama Canal
On August 22, Panama Canal saw the passage of the largest container ship ever, Theodore Roosevelt of CMA-CGM. Its carrying capacity is 14855 TEU with a length of 365.9 meters and a width of 48.2 meters. The carrier was completed by Hyundai Heavy Industries in July and delivered. Jorge L. Quijiano…
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