The time charter (TC) rates for Post Panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting 73,330 USD/Day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions according to Veson Nautical’s ‘2024 End- Of-…
Do not expect container lines to immediately return to Suez Canal transits after the Houthis say they will stop attacks on shipping. The return of Donald Trump is another wildcard for the market in a highly unpredictable year. This year was always goin…
Drewry: Sympathy for the shipping executive Read More »
When we first began developing AI-driven solutions for shipping, we imagined a future where every vessel would operate at its full potential, truly minimising waste and environmental impact. This wasn’t just a technological ambition; it was about redef…
Driving the future of sustainable shipping through AI: DeepSea’s collaboration with EPS Read More »
A significant surge in orders for alternative-fuelled vessels in 2024 is a clear signal of the maritime industry’s acceleration of its decarbonisation journey, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform. A total o…
Positivity on increasing orders for alternative-fuelled ships Read More »
Capesize The Capesize market experienced a mixed week, beginning strongly before losing ground as the days progressed. Monday saw the BCI 5TC rise to $13,391, driven by a pickup in Pacific activity and tightening tonnage in the North Atlantic. The Paci…
Shipping: Dry Bulk Market Losing Momentum Read More »