The ship recycling market has faced more volatility this week, in close correlation to the developments in the commodities’ markets. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “market sentiment this week has certainly not …
Ship Recycling Market Quite Volatile Read More »
Artificial Intelligence (AI) and Autonomous Shipping (unmanned vessels) are set to transform the mercantile fleets of the world. In addition to the greening of the industry and the smartening of the logistics, there will soon have to be a wholesale rev…
Does AI Dream of Electric Ships? Read More »
The sea carries more than 80 percent of the world’s traded goods, most of which sail inside 40-foot-long steel containers stacked by the thousands atop some of the largest vessels ever built. The shock of the pandemic underscored just how crucial the m…
How Soaring Shipping Costs Raise Prices Around the World Read More »
P&O Ferries on Tuesday rejected the British government’s request to rehire 800 workers it fired without notice two weeks ago, saying that doing so would cause the company to collapse.P&O Ferries, an 180-year old company now owned by Dubai-based logisti…
P&O Ferries Rejects Government Plea to Rehire Fired Workers Read More »
Danish shipper Maersk said the Shanghai lockdown will severely hurt trucking services and increase transport costs, as China’s intensifying efforts to fight the spread of COVID-19 further rattles global supply chains.The Chinese coastal city…
Maersk Warns Shanghai Lockdown to Boost Shipping Costs Further Read More »