Yearly Archives: 2024
General Principles Of Conduct And Action Issued By InterManager
InterManager has gained support from industry stakeholders such as DNV, Lloyd’s Register, and Steamship Mutual for its General Principles of Conduct and Action.
General Principles...
Rates Rollercoaster : Transatlantic Soars, While Asia-Europe Loses More Ground
Container spot rates on the transatlantic shot up this week and, ahead of Chinese New Year tomorrow, transpacific rates carried on climbing, while Asia-Europe...
Shipping Firms Raise Alarms Over Worsening Security Situation In Red Sea
Major shipping companies are issuing warnings about the ongoing deterioration of the security situation in the Red Sea, despite efforts by Western nations to...
EU ETS Strategies: ‘Pooling’ Ships Emerges As A Cost-Saving Solution
As the EU ETS standards set in, classification society Lloyd’s Register (LR) has released a report illustrating some of the ways shipowners might...
China Secures Advantage In Red Sea Crisis Amid U.S. Diplomatic Struggles
The disruption, causing suspended transit through the Red Sea and the Suez Canal, is significantly impacting global trade.
China, being the world's largest...
Impact of Red Sea Shipping Crisis On Global Supply Chains And Inflation Concerns
The Red Sea shipping crisis, triggered by Houthi rebel attacks, is causing significant disruptions to global supply chains, leading to increased shipping costs...
Collapse Of Sale Negotiations Leaves HMM’s Future Uncertain
Negotiations for the final sale agreement of the controlling share of Korean shipping company HMM collapsed, raising uncertainties about the company's future.
The...
End Of Red Sea Crisis Poses Challenges For Carriers, Says Maersk
Maersk executives suggest that the resolution of the Red Sea crisis could have a more dramatic impact on container lines than a prolonged...
Maersk Leads Maritime Sector With SBTi-Endorsed Climate Goals
The greenhouse gas emissions targets set by A.P. Moller-Maersk have received validation from the Science Based Targets initiative (SBTi).
This achievement represents a...
Red Sea Crisis: Med, Black Sea Eastbound Suezmax Rates Jump
CPC-East Suezmax freight rate hits 10-month high.
Owners demanding $1.3 mil premium for Cape detour.
CPC Suezmax shipments to Far East fall to...