CNBC: Drop in freight rates indicates global recession according to S&P
The drop in freight rates as global trade volumes slow as a result of reduced demand for goods, the latest data…
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global trade
ONE reports $4 billion quarterly profit, expects $12 billion for year
Japanese shipping company Ocean Network Express (ONE) has said it expects to post a net profit of nearly $12…
More Panama Canal transits underscore rebound in global trade
The Panama Canal Authority says vessel transits are rebounding as world trade recovers from the Covid-19 pandemic.…
Ocean freight chaos escalates in summer of sold-out ships
Container shipping rates are on the rise again, driven by relentless consumer demand and corporate replenishment…
The Suez Canal blockage as a catalyst for innovation
The Suez Canal blockage prompts us to revisit access arrangements and practices for individual ships using…
Hapag-Lloyd expands
Hapag-Lloyd has announced that it has invested around €550 million ($657 million) in new containers to address the…
“Madness” at the Port of Los Angeles
The Port of Los Angeles processed 957,599 twenty-foot equivalent units (TEUs) last month, a 113% jump compared to…
MSC determined to avoid shipping through the Arctic
Swiss shipping line MSC Mediterranean Shipping Company says it is redoubling its commitment to avoid shipping…
ZIM to charter LNG container ships for trade between Asia and the U.S. East Coast
ZIM to charter LNG container ships for trade between Asia and the US East Coast and listed on the New York stock…
Keppel Offshore & Marine and Renewable Energy
The business will be split into three, separating the construction and ownership of legacy rig assets from the core…