Page 11: of Maritime Reporter Magazine (October 2017)

Shipping Con? dence CMA CGM: Order for Nine Mega Ships

CMA CGM, the world’s third-largest container shipping ? rm, said it

Continues to Rise expected operating pro? ts to improve further in the second half as the market continues to recover, and con? rmed an order for nine giant vessels. The announcements by French-based CMA CGM underlined a recovery in the industry this year after a prolonged downturn that sparked a series of consolidation deals.

https://www.marinelink.com/news/con? rms-order-ships429444

Photo: Port of Long Beach) © weerasak / Adobe StockPuerto Rico

BEELE penetration sealing systems are proven to

A recent survey found that shipping \NYMXYFSIYMJYTZLMJXYkNWJFSI\FYJWHTSINYNTSX con? dence reached its highest rating in the past three years in the three months to 9TIF^SJ]Y\JJPSJ]Y^JFWSJ]YIJHFIJ end-August 2017.

According to the latest Shipping Con? -

WHEN SAFETY IS AT STAKE, SPECIFY BEELE dence Survey from international accoun- tant and shipping adviser Moore Stephens, the average con? dence level expressed by respondents to the survey was up slightly from the 6.1 out of 10 recorded in the previous survey in May 2017 to a three- year high of 6.2. The improved rating was attributable mainly to increased con? dence on the part of owners, up from 6.1 to 6.5.

Con? dence levels on the part of brokers, meanwhile, fell from 6.4 to 6.3, while managers and charterers recorded more substantial drops – from 6.2 to 5.8 and from 6.4 to 4.7 respectively, the lowest levels in both cases since May 2016. The survey was launched in May 2008 with an overall con? dence rating of 6.8. www.marinelink.com/news/con? dence- continues42971

Cruise Shipping:

The $48 Billion Impact

Carnival Corp.

The cruise industry continues the path of unprecedented growth, and according

Working together to raise 4ZW\NIJWFSLJTkUWTIZHYXFSIX^XYJRXHTRGNSJI\NYM^JFWXTK to new ? gures released in CLIA’s 2016 kNWJXRTPJFSI\FYJWXFkJY^

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Economic Impact Analysis passengers and

XJFQNSLXTQZYNTSXYMFYUWJ[JSYINXFXYJWXWJXZQYNSLkWTRkNWJ\FYJW kQTTIX crew spent a cumulative $21.9 billion in

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QJFPXFSIF\NIJ[FWNJY^TKHQNRFYTQTLNHFQHTSINYNTSX4ZWUWTIZHYX 2016. Putting additional numbers to the

FWJJ]YWJRJQ^IZWFGQJ\NYMFYJXYJIprovenQNkJYNRJTK^JFWX trend, Cruise Lines International Associa- 8JFQNSL;FQQJ^\NQQHWJFYJF tion (CLIA) reports that the industry had ® ® ® ® ®

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AQUASTOP - CONTROFIL - DYNATITE - NOFIRNO - SLIPSIL a $48B impact on the U.S. economy,

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SAFETY SEALING SYSTEMS OF CHOICE – SPECIFY BEELE, NO EQUAL!

generating 389,432 U.S. jobs paying more

XFkJY^FUWNRJkTHZXFWJF than $20.5 billion in wages and salaries, powered by nearly 12 million passengers 1JFINSLJ]UJWYNSXJFQNSLX^XYJRXkTWHFGQJFSIUNUJUJSJYWFYNTSX embarking at U.S. ports.

WWW.BEELE.COM • [email protected] https://www.marinelink.com/news/billion- cruise-impact429986 www.marinelink.com 11

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