After a period of relative stability spanning five decades, the industry finds itself grappling with a new reality. A maturing Chinese giant, the rise of regional trade blocs, and the growing significance of short-sea shipping are all reshaping the glo…
Shipping’s new reality Read More »
Supply/demand balance Houthis continue to attack ships in the Red Sea and the Gulf of Aden, and there is no end to the conflict in sight. We therefore base our forecasts on the assumption that rerouting of ships away from the Red Sea and the Suez Canal…
BIMCO: Tanker Shipping Demand to Rise by 10.2% in 2024, Compared to 2022 Read More »
Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on 1 June, according to the latest data released by Xeneta today, Thursday. Peter Sand, X…
Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year. This is due to a number of factors including strong market fundamentals and increased demand, high steel prices and shipyard costs. …
This news provides an overview of current developments in Port State Control (PSC) inspections and focus campaigns in China, Australia, and the USA. Special attention is being placed on the ongoing PSC focus campaign in China on machinery and electrica…
Port State Control – Be prepared for new campaigns and restrictions Read More »