- Conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released by Xeneta. The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissionsXeneta2024-04-24 14:03:55
- BIMCO Shipping Number of the Week: COVID pandemic wiped 24.6 million TEU off container market growthDue to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023, saBIMCO2024-04-18 17:35:23
- In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distancesBIMCO2024-04-11 17:12:10
- The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight container shipping rates. Data released today, Monday, by Xeneta, thXeneta2024-04-09 16:36:11
- T homas Zaidman, Managing Director, Sagitta Marine Sagitta Marine Managing Director Thomas Zaidman thinks the Handysize and Supramax segments could see positive fortunes for the balance of 2024 thanks to firm demand and lingering market risxinde marine news2024-03-26 09:04:27
- Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In 2023 an estimated 13% of global seaborne trade transited through these areas. However, the attacks have reducedBIMCO2024-03-20 08:48:07
- As member of OCEAN Alliance, COSCO SHIPPING is dedicated to promoting the prosperity of global trade by enhancing their scale and strength, providing broader network, more stable and high-quality service products to their global customers aCOSCO Shipping2024-03-18 14:18:15
- 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, andBIMCO2024-03-14 11:41:52
- 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 collaMOL2024-03-13 16:46:45
- 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,xinde marine news2024-03-12 17:22:15
- 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 fBIMCO2024-03-06 17:18:19
- 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 dxinde marine news2024-03-06 09:34:27
- 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 txinde marine news2024-03-04 13:52:02
- 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 obtainCMA CGM2024-03-01 14:09:26
- 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 fallenxinde marine news2024-02-23 10:02:46