Bidding wars for Car Carriers are driving rates up to record highs never before seen in the sector. Eastern Pacific’s Lake Wanaka (4,902 CEU, May 2008, Xiamen Shipbuilding Ind) was fixed for 1 year at 50,000 USD/Day to Volkswagen in March. A premium of…
Car Carrier Bidding Wars Spark All Time Rates Boom Read More »
For shipping to decarbonize, fuels need to decarbonize. In order to be on track for full decarbonization by 2050, 5% of shipping fuels must be decarbonized by 2030. This is a tremendous challenge, as shipping falls outside the Paris agreement and, desp…
These are the zero-emission fuels to decarbonize the shipping industry Read More »
Artificial Intelligence (AI) and Autonomous Shipping (unmanned vessels) are set to transform the mercantile fleets of the world. In addition to the greening of the industry and the smartening of the logistics, there will soon have to be a wholesale rev…
Does AI Dream of Electric Ships? Read More »
The sea carries more than 80 percent of the world’s traded goods, most of which sail inside 40-foot-long steel containers stacked by the thousands atop some of the largest vessels ever built. The shock of the pandemic underscored just how crucial the m…
How Soaring Shipping Costs Raise Prices Around the World Read More »
As the shipping industry continues along its long road to decarbonization, it ‘needs to find the optimal mix of technical and operational measures and innovative solutions’ but ‘could do the necessary now and show its leadership by simply adopting slow…