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Sunday, February 16, 2025
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BIMCO, ICS publish guide to help maritime industry reduce underwater noise

BIMCO and the International Chamber of Shipping (ICS) have developed a guide aiming to help the shipping industry understand and reduce underwater radiated noise...

Container spot rates experience steepest decline in non-Covid year

"The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the...

Condition of Ukrainian Ports 30 Months After the Russian Invasion

Ukraine’s maritime trade has been profoundly affected by the Russian invasion, transitioning from a competitive regional player to one facing near-total disruption of its...

Strong dry bulk market fuels 42% drop in ship recycling

So far this year, only 45 ships have been recycled, adding up to 2.5 million deadweight tonnes (DWT) or 0.2% of the fleet. Recycling...

European ocean carriers navigating through uncertain waters

Major European shipping companies, like Hapag-Lloyd, Maersk and CMA CGM, are facing significant challenges in 2024, driven by declining freight rates, geopolitical instability, and...

Chinese seaborne dry bulk imports up 6% despite economic challenges

So far in 2024, China has increased its inventories of iron ore, coal and grains, which has been a positive demand driver. Iron ore inventories...

Container ship contracting spree now exceeds 10 million TEUs

"When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the...

Container ship fleet sees fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs. "Compared to one year ago, the...

BIMCO: Dry bulk newbuild contracting fell, despite strong market

“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase...

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...
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