Yearly Archives: 2024
GMF Explores Policies For International Shipping Decarbonisation
The Global Maritime Forum (GMF) has published a brief to argue that more countries should support international shipping’s transition to zero emissions.
Decarbonization shipping
The “National...
Cancelled Sailings Tracker Analysis
Across the major East-West headhaul trades: Transpacific, Transatlantic and Asia-North Europe & Med, 101 cancelled sailings have been announced between week 06 (12 Feb-18...
Drewry’s World Container Index Decreased By 4% To $3,824 Per 40ft Container
The composite index decreased by 4% to $3,824 per 40ft container this week and has increased by 88% when compared with the same...
Cape Re-routes & West African Piracy
Industry concerns have been raised that pirates in West Africa, who have seen shipping trade shifting from the Al-Mandeb strait to around the Cape,...
AI Technology Assists In Preserving Historic HMS Victory
Artificial Intelligence (AI) technology is being utilized by University of Southampton students in the conservation efforts of HMS Victory, Vice-Admiral Lord Nelson's flagship.
...
DNV Drives Maritime Decarbonization In Singapore And Southeast Asia
DNV's Maritime Decarbonization and Smart Shipping Centre of Excellence in Singapore is playing a pivotal role in steering the shipping industry towards IMO's...
Korean Shipbuilders Dominate VLAC Orders
In a significant industry development, Korean shipbuilders have successfully secured all 15 orders for VLACs placed globally this year.
This achievement underscores their technological prowess...
Weekly Bulk Shipping Report: Market Trends And Conditions
The weekly bulk shipping report provides insights into the performance and dynamics of different segments in the shipping industry.
Capesize, Panamax, Ultramax/Supramax, and...
Container Spot Rates Ease As Red Sea Diversions Normalize
Container spot rates from Asia to Europe and the transpacific are experiencing a decline, although still elevated, following a profitable start to the...
Red Sea Crisis Tightens Shipping Market: Surge In Product Tanker Rates Amidst Rerouted Trade
The ongoing crisis in the Red Sea is causing a notable impact on the shipping industry, particularly in the market for product tankers,...