August 2022

CONTAINER RATES ALERT: Long-term shipping rates stand strong, for now, in the face of softening global demand

Long-term ocean freight rates climbed yet again in August, edging up 4.1% month-on-month to stand 121.2% higher than this time last year. The latest global data, crowd-sourced by Oslo-based Xeneta for its Xeneta Shipping Index (XSI®), demonstrates that…

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Inmarsat study reveals surge in maritime data usage as shipping industry seeks increased connectivity

Data usage on commercial maritime vessels has jumped more than threefold since 2019, according to new communications analysis that underlines the shipping industry’s reliance on digital connectivity to enhance operating efficiency and safeguard crew we…

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