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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...

Latest Posts

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...

China to counterbalance Panama setback through South America projects

As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...

PIL christens new 8,200 TEU boxship

Pacific International Lines (PIL) named its latest 8,200 TEU LNG dual-fuel container vessel, Kota Ocean, at the PSA Terminal in Singapore. The vessel was named...

Singapore authorities away grounded container barge

Authorities in Singapore have towed away a container barge that ran aground off the resort island of Sentosa this morning (6 June). ...
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