Container ships have reached their highest average age yet at 14.2 years, the highest average age of the three main shipping sectors. The dry bulk fleet has an average age of 11.9 years whereas tankers on average are 12.8 years old. The average age of …
Container ships reach highest average age on record of 14.2 years Read More »
The last week of October witnessed a downward trend in the Capesize freight market momentum, while the smaller vessel segments experienced a relative flat momentum. Meanwhile, the grain flows from Brazil to China with the Panamax vessel class recorded …
Industry leaders have been told achieving environmental targets in ocean freight shipping requires major efforts and investments. The reminder came during the annual Xeneta Summit taking place in Amsterdam today, Wednesday, which sees key industry figu…
In the wake of COP26, the international shipping sector felt the pressure to reduce its greenhouse gas (GHG) emissions more rapidly. The recent adoption of the 2023 International Maritime Organisation (IMO) Strategy on Reduction of GHG Emissions confir…
Will international shipping be net zero by 2050? Read More »
Amid growing cyber risks, engineering cyber security into vessel design will ensure compliance with the upcoming IACS Unified Requirements and enable strong protection against external threats while ensuring compliance with new regulations during the o…
Building strong cyber security into ship design Read More »