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Tags Red Sea

Tag: Red Sea

End of Red Sea crisis to reignite container shipping challenges

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%...

Red Sea challenges lead to boxship drought for recycling yards

The Red Sea crisis and the higher freight and charter rates are discouraging owners from scrapping older boxships, resulting in a dearth of tonnage...

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

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...

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

Stock prices of listed liner operators, which rose at the height of the Red Sea crisis, have corrected in tandem with freight rates, according...

BIMCO analysis: 13% of world seaborne trade under attack from Houthis and Somali pirates

"Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In...

OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis

Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the...

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have...

Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

Singaporean bulk carrier hit by Houthi missiles in mistaken identity

Houthi rebels have apparently fired at a Singaporean-owned bulk carrier after mistaking it for a US ship. The 2012-built Singapore-flagged Supramax vessel, Propel Fortune, was...

Red Sea challenges boost charter rates

Analysts and brokers are continuing to report charter rates spiralling upwards as carriers look to plug gaps in their diverted Asia to Europe services...
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