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

In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on ships in the Red Sea area have caused average sailing distances

The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight container shipping rates. Data released today, Monday, by Xeneta, th

T homas Zaidman, Managing Director, Sagitta Marine Sagitta Marine Managing Director Thomas Zaidman thinks the Handysize and Supramax segments could see positive fortunes for the balance of 2024 thanks to firm demand and lingering market ris

Houthi attacks on ships in the Red Sea, coupled with a rise in piracy off the coast of Somalia, are disrupting global trade. In 2023 an estimated 13% of global seaborne trade transited through these areas. However, the attacks have reduced

As member of OCEAN Alliance, COSCO SHIPPING is dedicated to promoting the prosperity of global trade by enhancing their scale and strength, providing broader network, more stable and high-quality service products to their global customers a

Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleets capacity expansion. Today, just 626 ships provide 36% of the fleets capacity, and

Mitsui O.S.K. Lines, Ltd. (MOL; President CEO: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo) and Rio Tinto, a leading mining and metals company and largest dry bulk shipper in the world, signed the Partnership Agreement to enhance colla

Persistent missile attacks by Houthi on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption,

In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders f