ATHENS, Greece, Jan. 25, 2021 Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on January 29, 2021, CPLP
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Could today s unprecedented boom in containerized imports just keep going year-round? Right through Chinese New Year in February? Through the second quarter, then the fall peak and all the way into 2022? Could the already overwhelmed global trade network stay stuck at its ceiling until next year?
With COVID hospitalizations at record highs, almost 4,000 U.S. deaths per day and vaccine distribution slow out of the gate, a full-year boom scenario may sound implausible. But it just got more likely, courtesy of this week s two Democratic Senate wins.
The blue wave political scenario is now a reality. And with it, the likelihood of much higher stimulus. That, in turn, would support much higher consumer spending and imports just as stimulus did in the second half of last year.
Korea’s Big 3 Shipbuilders Hit Order Jackpot
Korea’s Big Three shipbuilders Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries are enjoying an increase in order intake at the year-end. Analysts say that their outlook for 2021 is bright as ordering inquiries are growing about liquefied natural gas (LNG) carriers, container ships, and super-large crude oil carriers (VLCCs).
Hyundai Heavy Industries announced on Dec. 16 that it has won orders for six ships worth one trillion won. The six vessels are four 174,000-cubic-meter LNG carriers and two 310,000-ton VLCCs.
The unit price of the LNG carriers is US$186 million and that of VLCCs US$89 million. The new ships will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries and be delivered to the clients including Shell by the second half of 2024.