Yearly Archives: 2023
Rising Geopolitical Tensions Plunges Tanker Market
The weekly report by Fearnleys talks about the tanker market conditions.
Tankers
VLCC
A quiet Christmas break for the VLCCs as tonnage has risen for the next...
Tesla Electric Cars Ship Forced to Return to China
A ship carrying Tesla electric cars has been forced to leave Australia and sent back to Shanghai after stink bugs were discovered on...
ICS2’s Role In Accelerating Customs Clearance
The second part of the system for importing goods in Europe, called Import Control System 2 (ICS2), has been delayed. This gives businesses a...
Cape Of Good Hope Detour: The Economic Toll Of Red Sea Disruptions
Ongoing attacks on containers in the Red Sea have forced a significant rerouting of ships to Europe via the Cape of Good Hope. This...
Calm After The Storm: Oil Prices Retreat As Red Sea Routes Stabilize
Oil prices experienced a more than one per cent decline on December 28 as concerns over shipping disruptions in the Red Sea eased, despite...
Costs And Commitments In The Zero-Emission Shipping Era
The report titled Cost of zero-emission container freight Shipping A study on some deep-sea and short journeys shows a big difference in cost between...
Drewry: HMM Majority Stake Buy To Benefit Harim
Harim Group has been chosen as the preferred bidder by Korea Development Bank (KDB) and Korea Ocean Business Corporation (KOBC), in a deal...
Maersk To Send Almost All Ships Via Suez Canal As Schedule Shows
Maersk will sail almost all container vessels travelling between Asia and Europe through the Suez Canal from now on while diverting only a...
CMA CGM Approaches Top Spot In Intra-Mediterranean Shipping
CMA CGM has strategically increased its fleet size, deploying larger vessels in the Mediterranean, with the number of ships rising to 60 and...
China’s Enduring Lead In Global Shipbuilding
China is expected to maintain its lead in the global shipbuilding market in the current year and extend this dominance into 2024, according...