Challenge: The client, a large Fortune 500 company, is a designer, manufacturer, and distributor of clean air and automotive products and systems. The company had been expanding their manufacturing and engineering footprint as they grew operations worldwide.

The Korea Offshore and Shipbuilding Association has released numbers confirming the expectations of many analysts: the number of actively operating shipyards around the world has fallen by more than 40 percent from what it was seven years ago.

Many observers are questioning whether Africa's economic advances are running out of steam. Five years ago, growth was accelerating in almost all of the region's 30 largest economies, but the recent picture has been more mixed: while growth has sped up in about half of Africa's economies, it has slowed in the rest.

Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 -- and is forecast to grow further still in 2016. By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes, increasing by an average of 2.5 percent per annum, according to the latest edition of the Reefer Shipping Market Review and Forecast 2016/17, published by global shipping consultancy Drewry.