Container shipping outlook 2024: Rising risk of delays, disruptions
NEW YORK : The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024. Two key container shipping “chokepoints” —
Early movers crucial in closing $200 per container cost gap for zero emissions shipping in green corridors
LONDON : A new report released on Wednesday at the margins of COP28, details the annualised total costs of zero emission container vessels and the cost difference on a per container basis for transpacific
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and 2019 respectively. On the other hand,
Container xChange unveils ‘The Future of Shipping in 2024’ report
HAMBURG : Container xChange, a leading authority in the shipping industry, released its second annual “2023 Shipping Industry Trends and Future of Shipping in 2024” report. The report gives an analysis of the key
Container Shipping bracing for downturn : Hapag-Lloyd Chief
HAMBURG : The container shipping industry faces a few years of headwinds as low freight rates, a weak European economy and widening geopolitical turmoil cloud the outlook, the head of the world’s fifth-biggest carrier said.
Maersk’s woes signal slow-motion industry crash
COPENHAGEN : Shipping giant A.P. Moller-Maersk is battling choppier seas. the $23 billion Danish firm revealed a 94% profit plunge in the third quarter. Boss Vincent Clerc is not alone in trying to manage a
Freight rate slide on trades out of India continues amid persistent demand pressure
MUMBAI : Container freight rates across trades out of India have seen no noticeable recovery signs for carriers in October, according to the latest market analysis by a foreign based News Agency. On the
BIMCO: Containerships hit their highest average age to date
COPENHAGEN : Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping sectors. In contrast, dry bulk vessels