Red Sea crisis end to reignite container shipping challenges
LONDON : Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption comes to an end. Boxship fleet growth is estimated at 9% this year, outpacing
Product tanker recycling drops 82% year-on-year to lowest on record
LONDON : “In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) recycled
Record deliveries could push container fleet above 30 million TEU in 2024
LONDON : “In 2023, shipyards delivered 350 new container ships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is
SRC Group receives Approval in Principle for Methanol Superstorage solution on existing ships
NEW YORK : A new and space efficient retrofit methanol storage solution from SRC Group has received Approval in Principle from Lloyd’s Register, signifying that no major conceptual issues have been identified as standing
Ship Recyclers in India the most active in the market
GEORGIA : The ship recycling market has witnessed the most interest from India this past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “India once again seems to be at
Container spot rates on a ‘likely recovery path’: HSBC
LONDON : Spot container freight rates have stabilised and HSBC Global Research notes sign of a recovery in its latest report. n its Global Freight Monitor HSBC noted with surprise that the Shanghai Containerized
