Yearly Archives: 2024
China’s Ports Experience Strong Growth With 8.4% Increase In Cargo Throughput
China's cargo throughput at ports reaches 15.51 billion tonnes in the first 11 months of 2023, marking an 8.4% YoY increase.
Foreign trade...
OOCL Reports Sharp Decline in Q4 2023 Revenues
OOCL witnesses a significant 49% drop in Q4 2023 revenues compared to the same period in 2022.
Despite a 7.2% increase in total...
Red Sea Shipping Disruption’s Cascading Effects on Global Trade
The situation in the Red Sea also provides a small taste of the future of geopolitical risk. The Red Sea is one of the...
European Exporters Hit by Backdated Surcharges and Soaring Container Rates
European exporters to Asia face a double-whammy of transit disruption surcharges and significant rate increases.
Carriers invoke force majeure clauses, backdating surcharges for...
Diana Shipping Extends Charter for M/V Amphitrite with Cobelfret
Diana Shipping extends time charter for m/v Amphitrite with Cobelfret.
Gross charter rate ranges from $12,250 to $15,000 per day.
Charter period extends...
Nuclear, CCS & LNG Are Challenging As Shipping Moves Low Carbon
Building nuclear-powered containers or bulk ships faces major obstacles.
Current interest aligns with SMRs with limited successful deployment.
The cost of a nuclear...
This Startup From Greenland Ships Glacier Ice To Cocktail Bars!
Frozen daiquiri anyone? Drinking a cocktail on top of a Dubai skyscraper may seem decadent enough, but a Greenland entrepreneur wants to add ancient...
UPI Surges Reaching The New All-Time High Again
UPI surged by 3.18%, reaching a new all-time high.
FLNG observed a gain of 7.6%, nearing its resistance level.
The performance of LNG...
Shipping Industry Under Strain As Houthis Menace Trade Lane
A major highlighted concern over container shipping, due to Houthi attacks in the Red Sea.
Shares of leading shipping companies initially dropped.
The...
Houthi Strikes Threaten Global Commerce
The Yemen Houthi rebels recently attacked shipping passing through the Red Sea heavily with drones and missiles, leading to the interception of projectiles by...