During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting through the …
Cargo volumes in Red Sea area drop 21% due to attacks on ships Read More »
The Red Sea has emerged as a key focal point of geopolitical tension. Houthi militants in Yemen are employing sophisticated weaponry, including hijacks, ballistic missiles, anti-cruise missiles and drones to target international shipping routes. These …
Charting the course: How the shipping industry is adapting to tensions in the Red Sea Read More »
Technological innovation drives the maritime industry forward, improving safety and propelling decarbonization. However, many new technologies face challenges in aligning with existing regulations. DNV’s Technology Qualification process bridges this ga…
Technology Qualification: Facilitating maritime innovation Read More »
Capesize Throughout the week, the capes witnessed a notable increase in activity after a slow start. This uptick is evidenced by the BCI 5TC, which commenced at $20,378 on Monday, experienced a slight dip on Tuesday, and rose to $26,079 by Friday’…
Dry Bulk Market: Capesize Rates Strengthen Read More »
The recent rise in reefer shipping rates is expected to prove short lived, as the trade adjusts to the rerouting of vessels and excess containership capacity is deployed to support longer transit times. While the subsequent re-routing of cargoes contin…
Reefer shipping rates rise to be temporary as excess capacity plugs gaps Read More »