Singapore maintains its position as the world’s top maritime city
NewsSingapore retained its position as the leader in Attractiveness and Competitiveness, overtaking Athens and Shanghai in Shipping Centers and Ports and Logistics.
Just as 19,200 TEU vessels come on stream, there is already talk that 24,000 TEU ships could be possible. Ultra-large containerships (ULCS) – defined as ships in the 10,000 TEU-plus range – are fast becoming the norm in mainhaul trades. Economy of scale is the dominant factor and slot costs are reduced even further by slow and super slow steaming speeds, ranging between 14 and 19 knots.
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