NYK to relocate out of Tokyo with current office set for demolition
Current building is earmarked for destruction in 2027 and Yokohama will become its new home
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Newbuilding Orders Piling Up
The newbuilding market has remained very elevated over the past week, as owners have kept securing more orders. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained exceptionally strong this week, with a total…
Newbuilding Orders Piling Up Read More »
Inmarsat Maritime Safety Data Hub to help shipping weather the storm
Deep-sea shipping is an inherently hazardous enterprise and the many operational risks faced by vessels, cargo, and crew will likely never be eliminated entirely. Nevertheless, data can play a significant role in minimising the frequency and severity o…
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Xeneta Summit: Analysts forecast ocean freight spot rates to fall 30% in 2027 as Red Sea return sees capacity flooding back
Global ocean container shipping spot rates are forecast to fall 30% in 2027, according to the Xeneta Ocean Outlook Report unveiled today by Chief Analyst Peter Sand to more than 800 industry leaders from the world’s largest shippers and logistics servi…
Pangaea Logistics slashes financing costs and reports another profit
Rhode Island shipowner and operator reports record adjusted net income as strength in niche Arctic ice trade meshes with general market rally
Pangaea Logistics slashes financing costs and reports another profit Read More »