Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleets capacity expansion. Today, just 626 ships provide 36% of the fleets capacity, and

Mitsui O.S.K. Lines, Ltd. (MOL; President CEO: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo) and Rio Tinto, a leading mining and metals company and largest dry bulk shipper in the world, signed the Partnership Agreement to enhance colla

Persistent missile attacks by Houthi on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption,

In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders f

SSY, the worlds largest independent shipbroker has today announced that its commodities arm, SSY Futures, is further expanding its reach in the commodities sector with the launch of a dedicated Agricultural Derivatives sales and execution d

During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting t

The Bollor Group and the CMA CGM Group announce the completion of the sale of 100 % of Bollor Logistics to CMA CGM, it being specified that the transfer of Bollor Logistics Sweden AB to the CMA CGM Group remains subject to the latter obtain

The London PI Club has reported a strong outcome for its annual renewals for 2024, with a growth in mutual tonnage of 8.9% year on year. This positive outcome and strengthening of rating and deductible levels for the London Club has fallen

The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russias exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas share of exports. Brazils oil production increased by 1

In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024. As 2023 saw

In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) recycled in 2022. It was also the lowest level

In order to strengthen China-Indonesia service network, COSCO SHIPPING launched new NIS and SIS service. The shipping company plans to put nine 6000TEU container vessels on these routes. The new route services will start on the last Friday o

Shipping Number of the Week Shipping gears up to meet 5-10% low carbon fuel target, but will fuels be available? The International Maritime Organizations (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using sustaina

New solutions needed as waiting times at Brazilian ports reach 15 days Congestion for ships loading grain cargoes at Brazilian ports has surged this year due to large harvests and low water levels in the Amazon River. Between January and No

05 December 2023.Swiss marine power company WinGD has concluded a four-party agreement underwriting Belgian bulk carrier operator CMB.TECHs order of X72DF‑A ammonia-fuelled engines. CSSC Qingdao Beihai Shipbuilding (QBS) and engine builde