The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam yesterday to reinforce their confidence in the new alliance achieving its ambition of 90% service reliability. The Gem…
Shipping giants reinforce confidence in Gemini alliance service reliability ambitions Read More »
The World Trade Organization (WTO) has slightly revised its forecast for global merchandise trade growth in 2024, predicting a 2.7% increase from the previous estimate of 2.6%. However, the organisation warns that downside risks remain, primarily due t…
WTO raises 2024 trade forecast, but risks remain Read More »
This week’s focus underscores a rise in the number of crude oil barrels transported from the Arabian Gulf countries to the Far East, amid ongoing tensions in the Middle East, with Saudi Arabia playing a pivotal role. Meanwhile, the growth in tonne-days…
Crude oil flows AG – China Read More »
LPG shipping has been facing several headwinds, including an oversupplied market and muted growth in the LPG and olefin trades. However, new ordering in 2024 has maintained its momentum. Despite the concerns of oversupply from 2027, the expected increa…
LPG orders at a record high in 2024; will this momentum continue in 2025? Read More »
Greek shipowners have spent an unprecedented US$18bn on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research by VesselsValue, the data intelli…