The container market has definitely turned, but don’t expect a swift normalisation, says Drewry’s latest Container Forecaster report. It certainly feels like we are at the beginning of the end of the container market bull run. The slide in spot rates h…
Beginning of the end for carriers’ bull run Read More »
The global supply chain continues to be plagued with severe congestion, which in turn has ramifications for the supply/demand strength of the ocean related part of container shipping. The newest data from May from Sea-Intelligence shows no strong impro…
FBX Index: Slight shift towards market weakness Read More »
Chinese search and rescue officials pulled 12 bodies on Monday from waters southwest of Hong Kong after an engineering vessel snapped in two as tropical storm Chaba passed through, state television said.Maritime authorities of the southern province…
Twelve Bodies Recovered From Waters Off Hong Kong After Typhoon Chaba Sinks Ship Read More »
Greece can cope well with potential cuts in Russian gas supply due to the availability of liquefied natural gas (LNG) as an alternative, its energy minister said on Monday after a meeting with energy suppliers and grid operators on energy security.The…
Greece Can Cope With Possible Russian Gas Disruptions Thanks to LNG – Minister Read More »
Norwegian shipowner MPC Container Ships has contracted two carbon-neutral 1,300 TEU newbuildings at Chinese-based shipyard Taizhou Sanfu Ship Engineering for delivery in the second half of 2024.The vessels come with a dual fuel engine setup which enabl…
MPC Container Ships Orders Two “Carbon-neutral” Container Ships Read More »