Seafarer labour market tightest on record
The 2023 officer availability gap has widened to a deficit equating to about 9% of the global pool, which represents a marked rise from...
Ports play a major role in reducing shipping emissions, highlighting the limitations of slow-steaming
The International Maritime Organisation (IMO) has long been committed to reducing the industry's carbon footprint, aiming for a minimum 50% reduction in GHG emissions...
Container spot rates remain high despite weaker supply/demand balance
In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall...
Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
"Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected...
Container freight rates drifting lower
Hongkong and Shanghai Banking Corporation Limited (HSBC) reported that the Shanghai Containerised Freight Index (SCFI) declined by 1.5% week-on-week, while China containerised freight index...
Leading container lines show improved schedule reliability
Danish maritime data analysis company Sea-Intelligence showed schedule reliability data through March 2023 in its latest report.March 2023 saw a further month-to-month gain in...
Global Freight Monitor: Losing steam but hope remains
The Shanghai Containerised Freight Index (SCFI) steadied and posted a 0.1% w-o-w decline, while China Containerized Freight Index (CCFI) was up 0.3% and World...
BIMCO: Liner supply falls as operators reduce average sailing speed
In this week’s “Shipping Number of the Week”, BIMCO's chief shipping analyst, Niels Rasmussen, looks at the liner operators’ practice of reducing the average...
Global Freight Monitor: Container freight rates hit a speed bump
The Shanghai Containerised Freight Index (SCFI) turned negative following four weeks of stable or rising rates: SCFI dropped 3.6% week over week after four...
Container shipping asked to clean up its act in view of upcoming scrapping wave: NGO Shipbreaking Platform
Triggered by overcapacity, lower freight rates and the new carbon regulations expected this year, numerous container ships will be sold for scrapping in the...
Global trade slows, but ‘Green Goods’ grow: UNCTAD
Global trade was worth a record US$32 trillion in 2022, but amid deteriorating economic conditions and rising uncertainties, growth turned negative in the last...
Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022
In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, examines the slowing rate of scrubber installations in 2022...
Most Popular
THE Alliance revises Transpacific – North West Coast network
THE Alliance, including Hapag-Lloyd, Yang Ming, ONE and HMM, will make changes to Asia to Transpacific-North West Coast network by temporarily suspending the PN3...
Eyebrows raised at China’s state-owned players’ increased stakes in European ports
Chinese companies hold investments in some 31 container seaport terminals in Europe and the Mediterranean as of end-August, reflecting the increased activity by China’s...
DP World introduces world’s first remote pinning station at Southampton hub
DP World has implemented a remote pinning station at its Southampton hub in the United Kingdom, the first of its type in the world,...
Panama Canal limits fail to halt rate slide as box lines up capacity
The Panama Canal transit restrictions have not stopped carriers from adding 20% of incremental capacity on the Asia-US East Coast route since the end...
US box imports drop in August
Container imports to the United States reached 21.9 million TEUs in August (based on volumes at ports of origin), falling 12.6% year on year,...
