Drewry: Carriers Set Sail on a Long Road to Recovery

The container shipping trade will mark positive growth numbers alongside most months of 2017, however, as long as carriers maintain the current capacity levels spot rates should see small, incremental increases, according to shipping consultancy Drewry.

Grounded Tanker Towed to Sydney

Arca 1, a bunkering tanker, was refloated one week after running aground north of Sydney, Nova Scotia, Canada, on January 8, according to the Canadian Chamber of Shipping.

Alphaliner: Fresh Hopes for Recovery in Container Shipping

Although the container shipping market remains fundamentally imbalanced, the new year brings with it fresh hopes for a recovery, according to Alphaliner.