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Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace

“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise...

Cargo volumes in Red Sea drop significantly due to vessel attacks

"During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y....

Ensuring container fleet resilience with fuel flexibility

The Greenhouse Gas (GHG) targets set by the International Maritime Organization (IMO) and other regulatory vehicles, such as the Carbon Intensity Indicator (CII) and...

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

China-US container leasing rates rise threefold, container demand recovery on the horizon

The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three...

Container market grows marginally in 2023 as the fleet swells

In this week’s "Shipping Number of the Week" from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the state of the container market in 2023...

Container rates surge amid Red Sea crisis

In response to the escalating Red Sea crisis, Container xChange, an online container logistics platform, has released a comprehensive report detailing the far-reaching effects...

Suez Canal toll earnings set to continue falling, as vessels re-route around the Cape of Good Hope

As we enter into the third month of escalating conflict in Yemen that has prompted significant rerouting of vessels with far-reaching consequences for global...

Red Sea Greens to Chinese New Year Blues: Where are container spot prices headed?

As the Chinese New Year Blues unfold, with the “Year of the Dragon” being celebrated from the 10th to the 15th of February, 2024,...

Red Sea crisis impact on box rates more rapid than Covid-19: Xeneta analysis

The Red Sea crisis has seen ocean freight rates increase faster than in the early months of the Covid-19 pandemic as swathes of shippers...

The Red Sea Under The Microscope: A Deep Dive Into Suez Canal Rerouting And Its Consequences

The following report has been written by VesselBot, a technology company with deep logistics market expertise that brings transparency to Scope 3 transportation emissions...

Red Sea Crisis: Xeneta forecasts freight rates to rise further in February

Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data...

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Maersk circles DB Schenker as it ponders acquisition

Maersk has appointed financial advisors to help the carrier evaluate its freight forwarder target DB Schenker which was put up for sale last year. Danish...

ZIM reports US$2.7 billion annual net loss amidst financial downturn

Israeli ocean carrier ZIM announced its results for the previous year, following the trend observed across major container lines, according to which the companies'...

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...

Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...