Yearly Archives: 2023
FBX Index December 2023
The Freightos Baltic Global index increased 6% month on month in November to $1,156/FEU as carriers had some success in tightening capacity and pushing...
Urgent Call For Action At COP28
In response to the urgent need for climate action, the International Maritime Organization (IMO) set ambitious targets to reduce global shipping emissions, aiming for...
Reshaping Global Shipping
Demand for shipping routes within Asia is rising as producers diversify supply chains, says an article published on quart website.
Shipping Industry Challenges
The global shipping...
Escalating Maritime Security Risks In The Red Sea
Recent attacks on commercial ships in the Red Sea, particularly in the Bab el-Mandeb area, have intensified maritime security concerns, posing potential repercussions for...
PIL And DP World Sign Inks An MOU To Develop Green Solutions
Pacific International Lines (PIL) and DP World have signed a Memorandum of Understanding (MOU) to jointly develop green solutions to decarbonize global supply chains,...
Change Is on The Horizon: Digitalization To Enable Quicker Supply Chain Decisions
Shipping companies face common digitalization challenges: namely, information integration. They often lack deep capabilities to manage volumes of informational and physical logistics transactional data...
Container Shipping Market Struggles Persist!
The past month has not brought any stabilization to the container shipping market. From a demand perspective, data from Container Trade Statistics showed an...
Flat Tanker Fleet To Support Rates
Flat fleet growth will define the tanker marker in 2024, according to Henry Curra, global head of research at Braemar. Speaking at the Baltic...
In Escalation, Houthis Vow To Attack All Israel-Bound Ships in Red Sea
Yemen's Houthi movement said on Saturday they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies...
MOL: Joint Statement With Maersk On Shipping Decarbonization
Mitsui O.S.K. Lines, Ltd. participated in the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) held in...