SINGAPORE: DNV has awarded an Approval in Principle (AiP) to the joint consortium of MSC, Zhoushan Changhong International, and CIMC ORIC for a new 21,700 TEU ammonia-dual fueled ultra-large container ship design. The AiP
The global container ship orderbook is the largest on record, with more than a thousand newbuildings and over 10 Mteu on order, equal to 31.1% of the global fleet in teu slot capacity. China,
OSLO: Average spot rates on four main fronthauls out of the Far East have all increased from last week. This uptick follows the previous week when rates were stable after a drop on 1
NEW YORK: The third quarter of 2025 marked a dramatic reversal for the European container freight market, with spot rates sliding steadily to their lowest levels since late 2023. Carriers attempted to offset falling
OSLO: The average spot rates of all trades slightly declined from last week. Ranging from -6.6% to -4.6%. This follows from last week, when there were sharper drops across the board.• September was a
COPENHAGEN: “On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We
TOKYO: ClassNK has released new guidelines for those involved in container shipping, aiming to enhance the efficiency of container stowage while ensuring safety measures such as preventing cargo collapse. These guidelines apply the latest
OSLO: The average spot rates from Far East have increased in the past week into both the US East Coast and US West Coast, up 4.3% and 4.3% respectively. Prior to the latest uptick,
LONDON: Official stats show that exports from China to the USA fell by a third in August, Chinese and American negotiators had their fourth round of talks last weekend in Madrid, time will tell
OSLO: • The average spot rates from Far East into both Europe and North America all declined steadily from a week ago. This follows from last week, where we saw differing directions – with