Container ship deliveries hit new YTD record of 1m TEU : BIMCO
LONDON : “In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more
Freight rate fall on trades out of India continues as exporters bet on new fiscal year
MUMBAI : Container freight rates on trades out of India have continued to soften from the Red Sea crisis-driven highs, according to the latest market analysis. On the
Container shipping demand bounce not quite what it seems
LONDON : A sluggish last two years has been left behind according to consultancy MSI in its monthly liner shipping report for April, but the devil is in
PIL joins DCSA to advance container shipping digitalisation standards
SINGAPORE : Pacific International Lines (PIL) has joined the non-profit organisation, Digital Container Shipping Association (DCSA), to drive standardisation and digital innovation in the container shipping industry. DCSA’s
COVID pandemic wiped 24.6 million TEU off container market growth : BIMCO
LONDON : “Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the
Baltimore bridge collapse has not triggered an increase in ocean freight shipping rates : Xeneta
OSLO : The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not
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
Red Sea attacks to impact ship sailing speed: BIMCO
LONDON : BALTIC and International Maritime Council’s (BIMCO) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship
JNPA handles new high of over 6.43 million TEUs in fiscal 2023-24
MUMBAI : Jawaharlal Nehru Port Authority (JNPA) was estimated to achieve a throughput of over 6.43 million TEUs in fiscal 2023-24, at the time of going to press.
Container lines record combined EBIT loss of US$1.44 billion in 2023 Q4 : Sea-Intelligence
COPENHAGEN : Following Sea-Intelligence‘s previous announcement on 21 March, which provided insights into the fiscal year 2023 results, the data analysis firm now delves into the operating profit