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Tag: Red Sea

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Red Sea crisis to prevent freight rates from dropping to 2023 levels, with uncertainty expected post-2025

Container News Team - 0
The Export-Import Bank of Korea's (KEXIM) Economic Research Institute has published a report stating that while container freight rates have come down from the...
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News

Red Sea and Black Sea in the Spotlight

Alexandros Itimoudis - 0
Global supply chains are increasingly vulnerable to geopolitical events, prompting companies to rethink and restructure their operational frameworks and supply chain strategies to enhance...
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Port News

Gulf ports to keep facing challenges due to Red Sea crisis

Alexandros Itimoudis - 0
A gloomy picture looms on the horizon for the Gulf ports' performance, as the disruptions in the Red Sea continue unabated. Saudi ports experienced a...
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News

Maritime security threats in Red Sea and Gulf of Guinea

Alexandros Itimoudis - 0
The maritime security landscape in the Red Sea and Gulf of Guinea (GoG) is marked by escalating threats and vulnerabilities. Recent Houthi attacks in...
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Tanker still on fire days after Houthi onslaught

Container News Team - 0
An oil tanker is still burning six days after being attacked by the Houthis in the Red Sea. The 2006-built Suezmax tanker, Sounion, has become...
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Maersk and MSC ships suffer second Houthi attack after two weeks

Container News Team - 0
Houthi rebels made repeat attacks on container ships owned by Maersk and MSC, nearly two weeks after those same vessels were targeted. On 24 April,...
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End of Red Sea crisis to reignite container shipping challenges

Container News Team - 0
Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption regresses. Boxship fleet growth is estimated at 9%...
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Red Sea challenges lead to boxship drought for recycling yards

Container News Team - 0
The Red Sea crisis and the higher freight and charter rates are discouraging owners from scrapping older boxships, resulting in a dearth of tonnage...
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Rates & Surcharges

CN analysis: Freight rates on trades out of India on reverse track after Red Sea-driven upswing

Container News Team - 0
Container freight rates on trades out of India have begun to cool after the Red Sea crisis-driven rocketing, according to the latest market analysis...
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News

Box lines’ stock prices fade as Red Sea crisis windfall slows

Container News Team - 0
Stock prices of listed liner operators, which rose at the height of the Red Sea crisis, have corrected in tandem with freight rates, according...
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BIMCO approves management agreement for autonomous vessels

News Alexandros Itimoudis - 0
BIMCO’s Documentary Committee has recently approved the AUTOSHIPMAN agreement to support the increasing number of remotely controlled vessels. The AUTOSHIPMAN deal establishes a standardized contractual...
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Shipnet appoints two new directors

News Container News Team - 0
Norway-based maritime technology company, Shipnet has strengthened its senior leadership team with the appointment of a new finance director and HR director. Paula Summers, who...
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Maersk names its new dual-fuel methanol container ship

News Container News Team - 0
On 9 October, A.P. Moller - Maersk named its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the International...
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East Java Multipurpose Terminal could operate as “weight lifter” for Indonesia

Port News Alexandros Itimoudis - 0
The recent inauguration of the East Java Multipurpose Terminal (EJMT) marks a significant development in Indonesia's maritime infrastructure, particularly for the bustling region of...
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