DNV Grants Approval in Principle to HD Hyundai Heavy Industries for Ammonia DF large container vesse…
SEOUL : DNV has awarded an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HD HHI) for its 15K ammonia fuelled container vessel design. This milestone follows the successful completion of a joint
Container ship deliveries hit new record of 2.5 million TEU : BIMCO
LONDON : Just ten months into 2024, shipyards’ deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m TEU have been delivered, surpassing the
Xeneta reports the year ‘2025’ as another challenging year for container shipping
OSLO : Xeneta reported about the next year 2025 may be be another challenging year in ocean container shipping. “If 2024 has been defined by conflict in the Red Sea, the outlook for 2025
Xeneta Shipping Index October 2024: Long term market turns a corner as rates fall
OSLO : The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June. The Global XSI®, which measures all valid long-term rates
Struggle underway to unload ships, remove cargo from ports amid US East and Gulf Coast Port strike
NEW YORK : A crippling strike at US East and Gulf coast ports is just hours away, spurring a last-minute race to get as many containers off ships and onto terminals as possible, and
Freigt rates surge in FEU and TEU container market spreads key considerations for shippers
OSLO : Spiralling ocean container shipping freight rates dominate discussion in the wake of major events such as the Red Sea conflict – but beneath these easy-to-observe headline figures lie many layers of complex
Massive US dockworker strike could throw global supply chains into crisis next week
SYDNEY : Australia could be hit by disruptions from a severe global supply chain crisis, which looks likely to kick-off next Tuesday (01 October 2024). We might see a global shortage of shipping capacity
Container Shipping Market Overview & Outlook September 2024
LONDON : The disruption caused by ships being rerouted via the Cape of Good Hope remains the key ship demand driver. As a result, ship demand is forecast to grow three times faster than