The U.S. responded to the Russian invasion of Ukraine by imposing sanction measures targeting not only the core infrastructure of the Russian financial system but also the shipping industry. The US Department of Treasury’s Office of Foreign Assets Cont…
US Response to Russian Invasion with Sanctions on Shipping Read More »
After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices,…
Expanding to strengthen support in Asia, International Registries, Inc. and its affiliates (IRI) opened offices in Vancouver, British Columbia and Qingdao, China today. This is the first Canadian office of IRI and the 11th office in Asia. The opening o…
IRI Strengthens Support in Asia with New Offices in Vancouver and Qingdao Read More »
Using VesselsValue data, George Delaney, Cargo Analyst, has highlighted the various factors that influenced the Newbuild market of 2021, including movement restrictions during lockdown, geopolitical uncertainty and the ongoing shift towards greener shi…
2021 Newbuilding Orders Rise by 32.7% Read More »
Data-driven operational efficiencies on existing ships will be necessary to achieve emissions cuts required to reach IMO targets. But a proliferation of new digital solutions in recent years has resulted in an “overwhelming” software market that is dif…