Hormuz Shipping Traffic in Single Digits, Data Shows
Vessel transits via the Strait of Hormuz fell on Wednesday to seven from 12 the previous day, preliminary ship-tracking data showed on Thursday, with levels also below the 10-day average of 14.
Newbuild containership, image: Samsung Heavy Industries
In an exchange filing today, Samsung Heavy Industries announced the winning of an order from an unidentified European shipowner for five new, 14,400TEU containerships at a total cost of KRW 621 billion ($583.24 million).
The ships are planned for delivery by the end of September 2016.
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