Vol. 36#19

MOL and China Cosco Shipping to be co-owners of four LNG tankers

MOL has announced that China COSCO Shipping will participate in the subsidiary of its property that will own four LNG tankers providing services to the Russia Yamal LNG project.

Total ownership will be divided equally between MOL and China COSCO Shipping.

It should be noted that MOL has already signed long-term charter contracts for the four ships through its subsidiary.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, which gives […]

UNCTAD sees rebound in international trade and maritime industry

Movimiento de contenedores por región.

By Franklin Castrellón

Recovery and sustained average growth in volume of 3.2% for international trade is seen over the next few years, until 2025, reveals the study “Review of Maritime Transport 2017” published by the United Nations Conference on Trade and Development (UNCTAD) on October 25.

This growth is a notable improvement compared to the 2.8% projected in 2017.

In UNCTAD’s opinion, this growth will encompass all segments of the industry, but especially those of […]

Panama Canal recovers traffic

El tránsito de barcos por el Canal ha aumentado.

As of August 2017, 9,217 vessels crossed the Panama Canal, 6% more than last year, when traffic reached 8,693 vessels, according to the Statistics and Census Institute of the Comptroller’s Office.

The recent expansion of the third set of locks, inaugurated on June 26, 2016, impacted on this result.

So far this year, there has been an increase of 524 vessels that have crossed the Canal, that is, 6% higher, driven by the transit of […]

How transport can be reinvented in the digital age?

Los barcos serán más seguros y necesitará menos tripulación.

Digital technologies are revolutionizing the world with unthinkable impacts in all industries. Containerized cargo transport is no exception and “half a century after the creation of the container, it is time to rethink the future of the business with the incorporation of digital technology, big data and the Internet,” according to an analysis of the consulting firm McKinsey, which proposes a long-term vision with the integration of the advances of the future.

According to the […]