The Red Sea crisis shows no signs of easing as A.P. Moller – Maersk announces it is pausing all transits through the region ‘for the foreseeable future’ and ocean freight shipping rates continue to surge. The latest data from Xeneta released today, 9 J…
London and Kuala Lumpur 11 January 2024: Released today, the annual Piracy and Armed Robbery Report of the ICC International Maritime Bureau (IMB) raises concern over the first successful Somali based hijacking since 2017. The IMB annual report recorde…
New IMB report reveals concerning rise in maritime piracy incidents in 2023 Read More »
China’s imports of LNG rose by 11.4% during 2023, as Zero-Covid policies were reversed, allowing for more shipments. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to increase last year, helped…
LNG Shipping: China’s Imports Post Strong Increase During 2023 Read More »
The year 2023 witnessed significant shifts in commodity patterns, exacerbated by a difficult economic environment in China and geopolitical tensions, especially between Russia and Ukraine, which led to significant shifts in commodity development. The C…
Dry bulk annual review 2023 Read More »
In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024. As 2023 saw a relativel…
Record deliveries could push container fleet above 30 million TEU in 2024 Read More »