The US East Coast port strike only lasted for three days, yet the ripple effects from the strike will be felt until mid-November. The resultant pile-up of vessels with cargo to be handled was mainly taken care of within the first three weeks of the str…
FBX Index October 2024: On track for a new early peak Read More »
This week’s highlight focuses on the growing demand in tonne-days for specific dry cargo types across different vessel sizes, offering insights into recent freight market trends and identifying areas where strong demand for certain cargoes could potent…
Dry Bulk Demand – Tonne Days Read More »
Secretary-General Arsenio Dominguez will lead IMO’s delegation to the annual UN Climate Change Conference (COP 29) to be held in Baku, Azerbaijan, from 11 to 22 November 2024. The 29th Conference of the Parties to the UN Framework Convention on Climate…
IMO heads to COP29 to promote net-zero framework for shipping Read More »
Donald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates. Trump has vowed blanket tariffs of up to 20% on all imports int…
The global commercial and defense maritime industry is on the cusp of a new era amid rising demand. With 20 percent growth forecast by 2030, the industry has an opportunity to refocus on shipbuilders, suppliers, and repair yards in the United States an…
Redeveloping legacy sites to boost global maritime industry capacity Read More »