China will remain the driving force behind growth in shipping markets in 2018, according to BIMCO.
An article in Seatrade Maritime reports that BIMCO expects to see continued improvement in dry bulk and containers markets with potential for an uplift in the tanker sector.
BIMCO analyst Peter Sand is reported as attributing the growth to China – particularly its ‘enormous manufacturing sector’ which is driving exports of containerized goods.
The story also features some interesting statistics about 2017 and previews 2018 with the hope of the sector ‘returning to profitability for the first time since 2011’ although much is in the hands of ship owners.
TMG’s expert professionals have many years of experience in maritime business, including shipping. With genuine worldwide reach – including Asia – TMG can advise and support whatever the enterprise.
Read the full article about BIMCO’s 2018 preview on Seatrade Maritime here.
Contact TMG on info@the-maritime-group.com and on +44 (800) 955 1792 or its 24-hour line +1 (260) 225 5864.
(Picture – Pixabay)
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HAPPY NEW YEAR!
The Port of Blyth recently held a multi-agency exercise in late September, facilitated by our joint venture partners State 21 Ltd.
The exercise involving Police, Fire and Rescue, Border Force, along with Port of Blyth staff and Reay Security, tested both the Port’s preparedness for emergencies and in particular their response to security incidents.
Martin Willis, Port of Blyth Harbour Master/Port Facility Security Officer, said: “As a growing Trust Port it is of vital importance that the systems, plans and procedures we have in place to deal with emergency situations and security incidents are fit for purpose.
“State 21’s recent assistance with testing our readiness, contingency and business continuity planning for responding to such events was invaluable as their expertise of emergency planning and response ensured that all potential eventualities were tested fully and that the Port’s protocols for such scenarios remain both robust and effective.”
State 21 is a resilience management consultancy delivering training, exercises and de-briefing at strategic, tactical and operational levels.
Richard Rowland, Managing Director of State 21, also commented: “We were delighted to help such a forward-thinking Port to test their plans and to facilitate a multi-agency exercise, which enhances both Port Security and emergency response.
“Port of Blyth should be rightly proud of their continuing focus on making the Port more secure and as a result more attractive to business.”
The Port of Blyth, in Northumberland, is the operating division of Blyth Harbour Commission, an independent statutory trust port established in 1882.