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Majority of 2570 Supply chain professionals surveyed in July hopeful of container market rebound, Container Price Sentiment Index (xCPSI) reflects positive outlook Container prices have remained stable in July, indicating a market improvement that offers favorable conditions for shippers entering…
Spot rates for containerized ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs) from carriers. The news, revealed by Oslo’s Xeneta, provides welcome relief for a segment that has…
The 9th session of the IMO Sub-Committee on Implementation of IMO Instruments (III 9) agreed on guidelines for remote surveys and ISM Code audits in extraordinary circumstances, and on updates to the survey guidelines under the Harmonized System of Survey…
In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at deliveries of new container ships reaching a new record high during the first seven months of the year. The increase in fleet capacity…
Reefer container freight rates continue to outperform the dry cargo trade, despite an unprecedented contraction in reefer seaborne trade last year, and this divergence is forecast to continue over the next few years, according to Drewry’s recently published Reefer Shipping…
The Drewry Dry Bulk Equity Index dropped 15.2% YTD as a 28.5% slump between March and May was more than enough to offset an 18.4% jump in the first two months of 2023 and a 5.7% gain in June and…
Corn main export markets are facing various weather challenges, which could in turn result in changes in cargo demands. In its latest weekly report, shipbroker Intermodal said that “due to the adverse weather outlooks expected in August, there has been…
AI and big data processing can help address one of shipping’s main problems today, i.e. emissions reduction through voyage optimization. In an exclusive interview with Dr Konstantinos Kyriakopoulos, CEO and Co-Founder of DeepSea Technologies, Hellenic Shipping News Worldwide (www.hellenicshippingnews.com), discusses…
Saudi Arabia’s crude oil exports have maintained their upward momentum in 2023, albeit at a significant slower pace, as production has been reduced as part of OPEC’s oil price strategy. In its latest weekly report, shipbroker Banchero Costa said that…
Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest weekly report, shipbroker Xclusiv said that “the second quarter of the year has come to an end, and it is…