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Tuesday, June 18, 2024
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LNG newbuilding values at record high

The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78...

Danaos denounces protectionism threat to shipping

One of the major threats to shipping was identified by John Coustas, the president and CEO of ship owner Danaos Corporation, who said that deglobalisation...

Two-thirds of European green shipping fuel projects at risk: T&E study

Two-thirds of European green shipping fuel projects are at risk, a new Transport & Environment (T&E) study shows. T&E’s mapping of green hydrogen projects across Europe shows...

Ocean freight container shipping market set to surpass Red Sea crisis peak and hit levels not seen since Covid-19 pandemic

Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest...

Rates climb on early peak season and capacity stretched thin

Carrier adjustments due to Red Sea diversions – the use of more vessels travelling at faster speeds, together with heavier reliance on transshipment –...

Peak in China’s coal demand in sight as renewables jump 12%

Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. "While steam...

Will new US tariffs on China imports be a case of history repeating?

Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports on 14...

Ocean rates leveling off, but remain elevated on Red Sea impacts

Overall, the ocean container market has settled into a new routine that avoids the Red Sea due to Houthi attacks which continued this week. Though...

Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market: Xeneta

Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty...

Counting the cost of war on the climate: Red Sea conflict brings massive carbon emissions increases in ocean freight shipping

Conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released by Xeneta. The Xeneta and...

Geopolitical volatility keeps YTD container leasing rates elevated

A YTD analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the beginning of 2024, indicating...

Red Sea disruption pushing up container values and rates

Container values have risen significantly across almost all sectors and age categories since the start of the year. Following an extended period of declines, where...

Most Popular

CMA CGM updates Asia peak season surcharges

The French carrier, CMA CGM Group, has announced an updated Peak Season Surcharge effective from 20 June 2024, until further notice. The surcharge applies to...

U.S. container imports to surpass 2 million TEUs for next 7 months

The Global Port Tracker report, released jointly by the National Retail Federation (NRF) and Hackett Associates, forecasts that monthly inbound cargo volumes at U.S....

Pier owner seeks to arrest MSC boxship after near-miss

An arrest warrant has been issued against one of Mediterranean Shipping Company's ships, MSC Michigan VII, after Charleston port officials accused the vessel of...

Asia-Europe spot rates could surpass US$20,000 per FFE

Spot rates have continued to soar this week, causing significant concern among shippers about how high these rates might climb. However, the reality is that...

OOCL celebrates maiden voyage of two new mega vessels

Orient Overseas Container Line (OOCL) is celebrating the maiden voyage of its latest two 24,188 TEU mega vessels, "OOCL Finland" and "OOCL Sweden." With these...