Containers: Snakes and ladders
The container shipping freight market has felt like a game of snakes and ladders since the pandemic. Shippers negotiate the trade board, hoping to make steady progress. Sometimes the rates they pay climb exponentially up a ladder for a while, for instance when the pandemic and the Red Sea crisis caused elevated rates. Occasionally the […]
Analyst Abstract
Tankers The global crude tanker fleet is getting older and older. You’d have to go all the way back to the year 1988 to find the time when there were fewer crude tanker newbuild deliveries than last year. In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, […]
Asset prices slide
January has not been kind to dry bulk, with rates barely breaking even, something that has clearly put pressure on secondhand values. For how long this slump remains divides opinion. Canny Greek owners clearly think an uptick in fortunes in the new Year of the Snake is some way off. “It is interesting to note […]
10 days in, what can shipping assess from Trump’s second term
As befits a man who has risen to power via Hollywood, there’s been no shortage of bluster, swagger and showmanship in the opening 10 days of Donald Trump’s second tenure in the White House. Working out what the following four years hold for shipping is no easy task. However, a roundup of key announcements over […]
Keeping critical subsea infrastructure safe
Jesper Johnsen Loe is a third-year student at the Norwegian University of Science and Technology with a fascination in geopolitics and the intricate connections between human activity and spatial dynamics. This curiosity, he says, led him to explore how geography can help us better understand and respond to real-world challenges, particularly in the maritime domain. […]
Port of Aarhus proceeds with shore power project
Denmark’s Port of Aarhus has an onshore power plant on its way to container ships, which will be the first of its kind in the country. According to a new agreement, the onshore power plant will be supplied by Danish PowerCon. “We are pleased that we can once again collaborate with PowerCon to establish a […]
CMA CGM applies overweight surcharge from Med to East Africa
Marseille-based container line CMA CGM will implement an overweight surcharge (OWS) from the Mediterranean to East Africa, effective from 24 January until further notice. The surcharge applies to dry cargo transported from the West Mediterranean, East Mediterranean and Adriatic region to East African ports. The charge has been set at US$200 per 20′ dry container […]
Portsmouth International Port launches LNG bunkering for cleaner sailings
Portsmouth takes a significant step towards a cleaner future with its first LNG bunkering transfer at the port. Saint-Malo, the first of two new electric-hybrid ships from Brittany Ferries set to operate from the city, received LNG fuel from the Optimus, a bunkering barge operated by Titan Clean Fuels. Earlier this month, Titan was granted […]
Port of Savannah adds four electric ship-to-shore cranes
On 25 January, the Port of Savannah received four new electric ship-to-shore cranes, increasing its fleet at Ocean Terminal to eight Super Post Panamax cranes, all designed by the Finnish port equipment manufacturer Konecranes. Once fully operational and after the completion of berth construction, the eight ship-to-shore cranes at Ocean Terminal will be able to […]
Yangpu Port Develops into Strategic Asset for China
As the shipping industry is about to enter into a new phase, China’s Yangpu Port seems poised to become a major international hub that not only serves China but also has a substantial impact on global maritime trade dynamics. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me […]