Ocean container shipping demand from China to North America and North Europe continued to break records in June as importers rushed to protect supply chains amid the global disruption caused by conflict in the Red Sea. The latest data, rele

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6m TEU. Compared to one year ago, the capacity has risen 11% to 29.5m TEU, the fastest fleet growth in 15 years, says Niels Rasmussen, Chief Shippin

During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could be deterring contracting, yet in the second-hand market, where prices rose 15

The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiralling spot rates. Data released by Xeneta on Monday, shows average spot rates from the Far East to US East Coast incre

Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94m TEU (20-foot equivalent container) transported by ocean in May beats the previous record of 15.7

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