Carrier Cost News

A sailor from the aircraft carrier Theodore Roosevelt was admitted to the intensive care unit (ICU) in Guam after testing positive for the coronavirus last month, the U.S. Navy said on Thursday, as the number of coronavirus cases on the ship jumped to over 400.The case comes after Thomas Modly resigned as acting Navy secretary on Tuesday, following a mounting backlash for his firing and ridiculing the commander of the Theodore Roosevelt, who pleaded for help stemming a coronavirus outbreak onboard.In a statement…

The global Shipping Software market is valued at 1160 million in 2018 and is expected to reach 1880 million by the end of 2024, growing at a CAGR of 8.3% between 2019 and 2024.The shipping software market stands tall as one of the most proactive industry verticals, claims a study by Market Study Report LLC. The study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry trends over the forecast duration.A gist of these driving factors, in tandem with myriad other dynamics pertaining to the shipping software market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Shipping Software market…

Drewry and the World Container Index have published a White Paper that explains how index-linked contracts work, the first definitive guide on the subject since widespread adoption commenced two years ago. The White Paper, which is FREE to download from Drewry’s web site, examines the causes of recent container freight rate volatility and how index-linked contracts can help mitigate the impacts of such instability. It explains how these new contracting arrangements work with reference to current models in use and summarises the extent of industry adoption thus far. “This White Paper is a must read for any organisation considering the use of index-linked contracts,” said Drewry’s freight rate research manager Martin Dixon.

Bloomberg reported that Hyundai Heavy Industries Co. and other shipbuilding companies may succeed in keeping vessel prices at record highs for a third year as they seek to shield earnings against dropping orders and higher steel costs. The top-three yards, Hyundai Heavy, Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co., all from South Korea, will book new orders around today's all-time highs, according to four out of five analysts surveyed by Bloomberg. The companies will give their outlooks for 2007 as early as this week. South Korea's yards took almost half of this year's orders in the world's $100 billion ship industry, as transporters turned to them for the largest and most expensive vessels.