Drewry expects the global pool of shipping containers to contract in both 2023 and 2024. While stubbornly high levels of inflation in many countries is depressing demand, increasing geopolitical instability is affecting investor sentiment, with both fa…
Global pool of shipping containers to post two consecutive years of decline Read More »
The findings are based on a survey of respondents from across the maritime sector and conducted in association with 15 shipping organisations, spanning ship owners and managers, classification, technology, ports and marine services. With over 2,500 res…
The dry bulk fleet’s net growth this year, won’t surpass the 3% mark, marginally higher than 2022, but lower than both 2021 and 2020, maintain the favorable fundamentals picture of the past few years. In its latest weekly report, shipbroker Intermodal …
Dry Bulk Fleet Growth for 2023 Expected to Reach 3% Read More »
The shipping sector’s decarbonisation presents a considerable challenge. Maritime transport is a key enabler of global trade and contributes 2%-3% of total global greenhouse gas (GHG) emissions. If shipping were a country, it would be in the world’s to…
In the final quarter of the year, the outlook for seaborne reefer trade has weakened with cargo demand now expected to post a second consecutive year of decline. Meanwhile, transit restrictions on the drought-stricken Panama Canal are starting to impac…
Seaborne reefer trade to contract for the second consecutive year Read More »