CONTINUING recession in Europe is badly timed for ocean carriers with deliveries of an armada of ultra large container vessels coming before the end of the year, says analysts at Drewry Maritime Research in London.

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.