IRClass completes vessel conversion project in Turkey
NEW DELHI : International ship classification society, Indian Register of Shipping (IRClass), has just completed the classification of a 9589GT, seven deck vehicle carrier to a livestock carrier named Freesia. This is the second
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 & Leasing Annual Review and Forecast
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) with four and two cancellations, respectively,
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 bio-LNG plant to produce marine fuel
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 early retirement of ships difficult to
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. Chemical companies have been struggling with
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 highest monthly rise being 11.3% in
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 published Container Census & Leasing Annual