Container equipment costs twice the price in the span of one year
Dry freight shipping container prices have skyrocketed in a year to reach record highs, but will decrease in the next years, according to Drewry’s newly released Containers Census
THE Alliance cancels 12 sailings in August, double the blank sailings of 2M and Ocean Alliance
Over the next four weeks, The Alliance (Hapag-Lloyd, ONE, Yang Ming, HMM) has announced 12 cancellations, followed by 2M (Maersk, MSC) and Ocean Alliance (CMA CGM, COSCO, Evergreen)
European Union approves decarbonisation projects
The European Union (EU) has given the green light for a US$138.86 (€118) million investment from the Innovation Fund to be allocated across 32 small projects, including a
Decarbonisation and shipping: ship recycling – a changing landscape
As the drive to decarbonise shipping gains increasing momentum, and as incentives and pressure on shipowners to operate more efficient and greener ships mounts, a related spike in
Freight Rates continue to rocket with no end in sight to container crisis
SINGAPORE : Container freight rates continue to break records, with new data showing a further massive spike on the key Asia to Europe and Asia to US routes.
Long-term container contract rates jump a record 28.1% in July
Xeneta’s latest XSI Long-Term Public Indices, which uses crowd-sourced data shippers, rose 28.1% in July, by far the biggest monthly rise the index has ever seen, the previous
Container equipment prices double in the space of 12 months
Prices of dry freight shipping containers have doubled over the past year to reach historic highs but will moderate over the next few years, according to Drewry’s recently
MoPSW’s new scheme to support Shipping Industry
NEW DELHI : The total number of ships under Indian flag is 1488 with gross tonnage of 12.96 million tons. India ranks 18th in the World’s Shipping Tonnage. Details
Container shipping lines launch news trans-Pacific services as record rates pull in capacity
CALIFORNIA : Container shipping lines are continuing to add new services to eastbound trans-Pacific trade lanes as strong demand and record high freight rates attract more carry capacity
Kerala’s pioneering coastal shipping project ends
KOCHI : The pioneering coastal shipping project of Kerala, originally presented at the Emerging Kerala event in 2021, comes to a sad end with the Great Sea Shipping