In October 2020, the order book for new container ships bottomed out at 8.4% of the combined trading fleet. For ships smaller than 8,000 TEU, the order book bottomed out one month later at 3.7% of the trading fleet, and only accounted for 18.2% of the …
Boost in orders for ships below 8,000 TEU drives order book to 17.3% of fleet Read More »
Cargo owners battered by the spiralling costs of container shipping would do well to look into spot rates on the main China to US trade corridor at present. That’s the message from Oslo-based Xeneta, which crowd sources the very latest ocean and air fr…
Spot rates fall below long-term levels on main China to US West Coast trade Read More »
Ship owners have intensified their interest in more newbuilding orders over the past week. In its latest weekly report, shipbroker Allied said that it was “a very satisfying week came to an end for the newbuilding market with buying interest appearing …
Newbuilding Appetite Returns In the Market Read More »
The economic environment for global trade has profoundly shifted in the past year. Recovering demand from the pandemic has collided with supply side constraints in many industries, inflation and interest rates are rising, and the Ukraine war, together …
VesselsValue: Sowing the Seeds of a Food Crisis Read More »
There are growing calls for a carbon tax on shipping emissions. Jim Loftis, Ciara Ros and Tatiana Freeman of Vinson & Elkins look at the recent proposal from Japan for a global carbon tax, assess it in the context of the existing approaches in othe…
Carbon Taxes in the Shipping Industry—Assessing Japan’s Proposal Read More »