The shipping industry’s investment in reaching carbon net zero has been understood in a new report launched by BCG today: ‘Decarbonization and Willingness to Pay (WtP) in the Global Shipping Industry’. The key finding shows that despite global economic…
Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021 and 2022. However, the ports industry now faces the dual challenge of skyrocketing costs and market downturn,…
Margin pressure looms for container terminal operators Read More »
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk market as a whole. In its latest weekly report, shipbroker Intermodal said that “China’s coal imports from January to October were 230.1m mt, a decrease of…
2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market Read More »
The United Nations General Assembly adopted the United Nations Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The General Assembly authorized a signing ceremony for the Convention to be held as soon as practicabl…
UN adopts global convention on the sale of ships by courts Read More »
Over the past month, the market downturn has gathered further steam, and we are now entering the phase where the market in places is now beginning to go below pre-pandemic levels as the correction downwards from the historical high turns into a price w…
FBX Index December: A hard landing in progress Read More »