May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in container shipments soared by 30.1%. The unprecedented hike, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the con…
Xeneta: Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year Read More »
As the successor to Inmarsat’s industry-leading maritime safety service, Inmarsat C, Fleet Safety will facilitate a more proactive approach to distress communication based on unparalleled performance, advanced functionality, and an intuitive user inter…
Fleet Safety To Modernise Maritime Distress Communication Read More »
The shipping industry is facing its own version of ‘long COVID’ says INTERCARGO, following warnings received from members. “Seafarers worldwide continue to face major issues with crew change, port entry and changing vaccination requirements,” says Dimi…
Shipping Industry Suffering from ‘Long COVID’ says INTERCARGO Read More »
Capesize This week, the tailwinds turned to headwinds for the Capesize market as a dip in values amongst bearish sentiment was evident for most regions. The Pacific Ocean trade had the charterers in the driving seat as they often managed to achieve low…
Dry Bulk Market: Capesizes Face Headwinds Read More »
Supply chain challenges continue to worsen, exacerbated by higher levels of port congestion and shipping delays at ports in Shanghai and elsewhere in China due to Covid-19 lockdowns. Coupled with ongoing congestion at ports elsewhere in the world and l…
Container shipping situation worsens due to congestion, delays, and empty containers Read More »