High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
The Coral Chief is the lead ship of four that was ordered by China Navigation Company’s (CNCo) from Zheijiang Ouhua Shipyard in Chin. She and her sister multi-purpose vessels were designed by Neptun Ship Design and originally targeted for use on a liner trade between Townsville, Australia and Lae, Papua New Guinea. CNCOo says today she and a sister ship will soon add Shanghai to their liner service that will utilize two of these vessels.
CNCo says the Coral Chief features a number of energy efficiency and environmental enhancements including a ballast water treatment system, a rudder bulb installed aft of the propeller to enhance the propeller efficiency, a waste heat recovery system to help heat the fuel purifiers and vessel energy management systems to enhance navigational safety and minimize fuel consumption to name a few.
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