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Tuesday 14 May 2013

Cargo Ship Orders Surge Brings Hope to Global Shipping Market


A recent surge in new orders for some of the world’s biggest cargo ships has provided a glimmer of hope for the beleaguered global shipping market, which has been plagued by excess capacity and lacklustre trade. This week, China Shipping Container Lines signed a $683mn deal for five new container ships. When completed, the ships will be the largest of their kind afloat, with a capacity to carry 18,400 standard container boxes. Read more at - http://www.gulf-times.com/business/191/details/352090/cargo-ship-orders-surge-brings-hope-to-global-shipping-market
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