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 »
Growing partnerships which drive shipping’s decarbonisation, an expanding role for the IMO, creating security for investments and striving for short-term improvements were the focus of shipping at this year’s COP climate summit. But there is still much…
What does COP28 mean for shipping? Read More »
In a year marked by economic uncertainties, the latest Global Trade Update from the United Nations Conference on Trade and Development (UNCTAD) paints a picture of the dynamic and complex landscape that characterised global trade in 2023. With negative…
2024 trade outlook “highly uncertain” Read More »
The tanker market has had a pretty strong year in 2023. In its latest weekly report, shipbroker Gibson said that “12 months ago, we titled our closing report of 2022 ‘What the hell just happened?’. 2023 has not seen the same degree of volatility but ha…
Tankers: 2023 Turmoil, But a Strong Year Nevertheless Read More »