International Shipping News

BIMCO: Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months

Demand In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for both 2024 and 2025 compared to our previous forecast due to a weaker outlook for coal as renewable electricit…

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Republic of the Marshall Islands Registry Achieves 200 Million Quality Gross Tons

The Republic of the Marshall Islands (RMI) Registry achieved a new milestone surpassing 200 million quality gross tons and nearly 5,600 vessels. This landmark achievement spotlights the RMI as one of the top registries in the world in both quality and …

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RED SEA CRISIS: Latest data from Xeneta forecasts ocean freight shipping rates are set to rise further in February

Early indications suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis, according to data released by Xeneta today, Tuesday. The Xeneta ocean freight rate benchmarking platform calls upon mo…

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