Container ship order book hits new record high of 8.3M TEUs
LONDON : At the end of 2024, the container ship order book was 8.3m TEUs, a new record compared with the previous high of 7.8m TEUs in early 2023,” says Niels Rasmussen, Chief Shipping
Drewry WCI rises as industry anticipates ILA strike, policy changes
LONDON : The Drewry World Container Index (WCI) composite index increased by 2.68 per cent to $3,905 per 40-foot equivalent unit (FEU) on January 5, 2025, up from $3,803 per FEU. Shipping freight charges
Houthi attacks another container ship in Arabian Sea
SANAA : Yemen’s Houthi rebels claimed a drone attack on a Maersk container ship in the Arabian Sea on Dec. 27, stoking renewed concerns over Red Sea shipping amid another flare-up in attacks. In
Turbulent seas ahead: The future of container shipping for 2025 and beyond
THE HAGUE : As we approach 2025, the global container and shipping industry stands at challenging crossroads. With geopolitical shifts, new alliances and market fluctuations shaping the path going forward, the sector faces both
SHIPPING: Asia-US container rates surge as volumes pulled forward ahead of strike, tariffs
HOUSTON : Rates for shipping containers from east Asia and China to the US surged last week as importers pulled volumes forward ahead of the possible restart of the US Gulf and East Coast
BIMCO: Container Shipping Market Overview & Outlook December 2024
LONDON : Despite the fastest growth in supply and the fleet since 2010, the supply/demand balance tightened in 2024. Ship demand has increased as 90% of the capacity that normally transits the Suez Canal
A bullish year for global shipping : Container market experienced remarkable growth in 2024
BOSTON : The year 2024 has seen values rise to near-record levels across Container sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market according to Veson Nautical’s
Waiting time in port represents major inefficiency and GHG savings opportunity for international shi…
LONDON : A new study by UCL and UMAS, which analysed ship movements between 2018-2022, found that optimising port arrivals to take into account port congestion or waiting times could reduce voyage emissions by