The international shipping industry is a major greenhouse gas emitter, accounting for about three percent of all greenhouse gas emitted last year. For reference, this is roughly equivalent to the total annual emissions of Germany. Because these emissio…
Can The International Shipping Industry Be Part of the Climate Solution? Read More »
In a mid-year assessment of the global economy, Carsten Brzeski, global head of macro and chief economist for the Eurozone, Germany, and Austria at ING, warned of a further weakening of the global economy and a rapid fall in headline inflation for the …
Economy: a game of two halves Read More »
Despite the positive long term fundamentals, as a result of the dry bulk fleet’s record low orderbook, in the short-term, the market seems to be under pressure. In its latest weekly report, shipbroker Xclusiv said that “the first week of July has come …
Dry Bulk Market Under Pressure Read More »
The second week of July has witnessed a sustained decline in crude tanker freight rates, which is further compounded by the challenges posed by the summer season on the market. Particularly, Chinese oil demand from the United States has significantly d…
The latest industry analysis from Xeneta shows that CO2 emissions from the container industry fell during the first quarter of 2023 across 10 of the world’s busiest 13 ocean freight lanes. According to the Carbon Emissions Index (CEI), a unique environ…