Attacks on container ships in the Red Sea and Suez Canal have caused major shipping lines worldwide to suspend their transits in the area, which is a strategic rendezvous point. A domino effect on world trade is expected, which is of concern to the ind…
A lack of activity was more than evident in the ship recycling market, over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it feels like there is a lack of ‘everything’ at the moment as there is little activity…
Ship Recycling Market Already Looking Towards 2024 Read More »
Consumers around the world will pay the price for the unfolding crisis in the Red Sea after missile attacks on merchant ships plunged supply chains into chaos. Latest data from leading industry analysts Xeneta shows spot rates in the ocean freight ship…
The Iran-backed Houthi militants target ships passing through the Bab-al-Mandab Strait and the Red Sea, forcing LNGCs to change their course. The security concerns threaten Middle Eastern LNG exports to Europe and US exports to Asia, also triggering a …
Rising threats around Red Sea compel LNGCs to divert from Suez Canal Read More »
The container shipping market is expected to be hit hard by overcapacity from 2024 onwards. In its latest weekly report, shipbroker Intermodal said that “Intermodal’s recent participation in the Busan International Port Conference marked a signif…
Container Overcapacity Expected to Hit Hard in 2024 Read More »