Maersk building 20 mega-ships despite 'challenging' conditions
A vessel belonging to Maersk firm. (Photo Credit: Maersk)
Danish shipping firm Maersk is going ahead with a plan to build 20 ships stretching almost a quarter of a mile long. These new ships -- which will be some of the largest in the world -- are expected to give the company a better competitive edge on the Asia to Europe routes thanks to these vessels' ability to save on fuel and operational costs.
"Global demand for seaborne containers is expected to increase by 2-4 per cent in 2013, lower on the Asia-Europe trades but supported by higher growth for imports to emerging economies," the company said.
However, Chinese and other companies are also building around 100 such vessels. Not to mention that trade flows between the two continents are cooling off, causing many shipping lines to lose money.
Synthethic Genomics, ExxonMobil to develop algae biofuels United States
Synthetic Genomics Inc announced a new co-funded research agreement with ExxonMobil to develop algae biofuels from strains with significantly improved production characteristics by employing synthetic genomic science and technology.
Cesium findings in eel coverup reported Japan
A scientist has admitted having detected radioactive cesium in eels caught in a boundary river between the Tokyo and Chiba prefectures but claims local governments took no action for nearly two months despite having informed authorities promptly.
EC warns Faroe Islands of impending sanctions European Union
The European Commission has notified the Faroe Islands that it plans to take steps, including closing off fishing ports, to support the sustainability of herring fisheries shared between the two parties.
Fish exports may generate USD 500mln by 2015 Sri Lanka
Sri Lanka is working on increasing its deep sea fishing efforts and doubling fish exports between now and 2015 and to achieve this goal, it will be using new vessels from Japan and China,
Copyright 1995 - 2013 Fish Info & Services Co.Ltd| All Rights Reserved. DISCLAIMER