RATES have been in free-fall since January in the Asia-Europe trade and Drewry Maritime Research now suspects carriers to first turn even slower steaming and then cut back on service reliability to force up rates.

According to Melih Gökçek, metropolitan municipality mayor of Ankara, there will be a new flight route between Turkeys Metropol Istanbul’s Golden Horn and Turkeys Capital Ankara’s Golbasi.

THE collapse of the German KG ship financing system leaves a hole in the small box ship market, which needs to be filled, particularly as smaller vessels need to be more fuel efficient and eco-friendly, says Drewry Maritime Research.