Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94m TEU (20-foot equivalent container) transported by ocean in May beats the previous record of 15.72 TEU set in…
Record-breaking demand for ocean container shipping adds to perfect storm in market Read More »
The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India, the market remains stable, with the situation expected to persist until…
Ship Recycling Market Remains Stagnant Read More »
Introduction For the 2024 calendar year any shipping company having cargo or passenger ships of 5,000 gross tonnage (GT) or above calling a port located in the EEA (European Economic Area[1]) for commercial purposes must cover 40% of the total CO2 emis…
EU Emission Trading System – smooth sailing a half year into 2024? Read More »
With container market spot prices jumping on the back of a pre-tariff cargo surge, the compounding impact of slower sailing speeds, rising port congestion in Asia and persistent risks with transit through the Red Sea, container FFA prices have leapt ah…
FBX Index July 2024: Looking forward Read More »
Despite rising prices, the global newbuilding orderbook has kept growing. In a recent weekly analysis, shipbroker Xclusiv said that “despite increasing prices, the orderbook for the four main vessel categories (bulk carriers, tankers, containers & …
Global Newbuilding Orderbook Keeps Growing Read More »