Drewry’s World Container Index increased 16% to $4,072 per 40ft container this week
Spot freight rates by major route Our assessment across eight major East-West trades: Ocean spot market freight rates against 790 global port pairs
Foreship appoints Business Development Director to grow commercial shipping opportunities
FINLAND : Foreship has recruited Mr. Jonny Berglund as its Business Development Director, in a new role to focus the Helsinki-based group’s efforts in growing its presence in
Peak in China’s coal demand in sight as renewables jump 12% : BIMCO
LONDON : Between January and April 2024, China’s electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal
Container lines make $5.4bn profit amid Red Sea disruption
SINGAPORE : After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024 with rate support from geopolitical disruption. Container line earnings have been
Allianz Commercial: Shipping losses hit all-time low despite increasing risks for the whole sector
SINGAPORE : Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200
Indian crew world’s most abandoned seafarers, union figures show
LONDON : Indians are the most abandoned nationality of seafarers with 411 already recorded for this year to surpass last year’s 401, a UK-headquartered global union of transport
Kotahi and Maersk enter second decade of committed New Zealand export freight partnership
COPENHAGEN : Kotahi, New Zealand’s largest containerised freight manager and A.P. Moller – Maersk (Maersk), a global integrated logistics company, have signed a second long term freight agreement
ZIM : Financial results for the first quarter of 2024
HAIFA : ZIM announced its consolidated results for the three months ended March 31, 2024. First Quarter 2024 Highlights Eli Glickman, ZIM President & CEO, stated, “We are
Ocean Network Express and the University of Tokyo partner to establish Social Cooperation Program &#
TOKYO : Ocean Network Express (ONE) is pleased to announce the launch of a Social Cooperation Program, “Container Management Science” in collaboration with the School of Engineering at
Tugboats escort ship MV Dali, that caused deadly Baltimore bridge collapse back to Port
BALTIMORE : Dali, the container ship which struck the Francis Scott Key Bridge in Baltimore causing its collapse, has been refloated and is being moved to a new