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Baltic Dry Index still down 10% despite recovery in capesize demand

In this week’s “Shipping Number of the Week” from BIMCO, Shipping Analyst, Filipe Gouveia, looks at the November recovery of the Baltic Dry Index...

No real air peak yet; GRIs stick for Asia-Europe ocean: Freightos

Last week, Canada’s Labor Minister ended the separate labor disputes – one on each coast – that had resulted in lockouts at Canada’s major container ports. The...

US freight industry sees US$46 billion boom in e-shipments

Revenue from e-commerce shipments in the freight industry surged by 7% to US$706 billion. Tax specialists warn businesses of increased liability if not managed...

Golden Age: Container shipping’s post-Covid boom continues

Orders of new container vessels are up by ~52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period...

Container ship deliveries hit new record of 2.5 million TEUs

"Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity...

Ocean rates falling post-peak season, but labor and election results could renew pressure for North America lanes

Asia–Europe ocean rates closed October 30% lower than at the end of September as Red Sea diversions that led to an early peak season...

Navigating the challenges of underwater radiated noise: A win-win for emissions and ocean health

The maritime industry's push toward decarbonisation brings an unexpected benefit: the reduction of underwater radiated noise (URN). While the sector focuses intensively on emissions reduction...

Mexico Factor: How US-China Trade Tensions are Reshaping North America Logistics

The landscape of US-China trade has undergone a dramatic transformation since 2018, when tariff policies implemented during the Trump administration and maintained under Biden...

Suez and Panama Canal disruptions threaten global trade and development: UNCTAD

The disruptions are straining supply chains, driving up costs, and reshaping global trade patterns, with vulnerable economies hit hardest, according to the latest UNCTAD...

Greek vessel owners take US$18 billion gas gamble

Greek ship owners have spent an unprecedented US$18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker,...

Freightos reports lower East Coast congestion as strike backlogs are cleared

Hurricane Milton battered the west coast of Florida last week. Power disruptions kept the Port of Tampa Bay closed until Monday, while ports in...

VesselsValue Q4 2024 Market Outlook Summary

The forecast period up to 2027 suggests a mixed outlook across different vessel types. We anticipate that orders for Bulkers and Tankers will gain...

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MAN Energy Solutions rebrands as Everllence

MAN Energy Solutions has officially rebranded to Everllence, marking a pivotal step in the company’s strategic evolution. The new global identity underscores its expanding role...

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...

Sierra Leone’s Freetown Port prepares for digital transformation

A needs assessment mission conducted in Sierra Leone from 26 to 30 May has laid the groundwork for the introduction of a Maritime Single...

APM Terminals Lázaro Cárdenas receives six new electric cranes

APM Terminals Lázaro Cárdenas has received six cutting-edge electric automated rail-mounted gantry cranes, marking a significant step forward in modernizing Mexico’s logistics infrastructure. These cranes...
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