Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and product tankers increase by 5.5% and 4.5% respectively in 2024. In its Q2 2024 report, MSI finds that the market is curr

Clarksons Research have today released their latest Green Technology Tracker , including first half 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates sp

Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest l

Amid rising global demand, technological progress, and new international environmental regulations, market watchers and shipbuilders predict that Chinas shipbuilding industry will contribute significantly to the countrys foreign trade this

The charter owners container fleet has grown at an average annual rate of 3.2% for the past twelve years and currently stands at 11.7m TEU. The operator owners fleet has however grown faster, so the charter owners fleet now makes up only 40%

Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on 1 June, according to the latest data released by Xeneta today, Thursday. P

The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74% y/y between January and April 2024. During this period, sailing distances for completed voyages in the affected routes

A combination of weather conditions, trade demand and geopolitics has buoyed containership freight and charter rates, reports MSI A combination of the ongoing Cape Of Good Hope diversions, a stronger-than-expected demand rebound and weather

Between January and April 2024, Chinas electricity generation from renewables surged 12% y/y, significantly outpacing the 6% growth in generation from fossil fuels. While steam coal shipments to China rose 29% y/y, they are starting to feel

Technical Report Scan the QR code to view Technical Report Announcement Entrusted by the transferor (the Sellers), we have decided to hold a public bidding on www.shipbid.net from 16:00 to 16:30 (Beijing Time) on 13th June 2024. 1. Bidding

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 than 1 million TEU has already been delivered during the first four months of the ye

In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker sh

Conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released by Xeneta. The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions

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 pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023, sa