Shipping Industry Faces Challenges in Securing Carbon-Neutral Fuels for 2030 Emission Targets
The shipping industry may struggle to secure enough carbon-neutral fuels to meet the 2030 maritime emission targets, according to DNV.
Blank Sailings at Lowest Point Since Pandemic, Signaling Normalization in Container Shipping
The number of blank sailings in the global container shipping market has reached its lowest point since the pandemic began, indicating a path toward normalization, according to Sea-Intelligence.
Shippers have accused all top ten ocean container carriers of engaging in profiteering
According to complaints filed with the U.S. Federal Maritime Commission (FMC), all of the top ten ocean container carriers have been accused of price gouging and unfair practices by shippers over the past 18 months.
Sea Freight Rates from Asia to the US Rise as Companies Look to Regain Profits
Shipping companies are increasing their rates to ship containers from Asia to the US as they attempt to offset a fall in rates ahead of the importing season.
Could a SVB bailout result in growth for global logistics and shipbuilding challenges?
G Captain Founder and CEO Captain John Konrad is signaling the importance of changing how banks int he US operate when funding shipyards and naval security.
Global ocean carriers are weathering staggering increases in vessel capacity
Container lines have historically been able to withstand increases in vessel capacity, but a massive increase in capacity could potentially pose challenges for the industry.
Global shipping strategies in 2023 will lean heavily on reducing costs
A survey of large shippers over the past twelve months shows that 62% of companies are viewing cost-reduction strategies as a top priority next year.
Demand for global containers plummets while warehouses sit fully stocked
Containers are no longer in hot demand, so retail orders, shipping containers, and ship sailings are being canceled left and right.
Denmark-based Maersk is reporting nearly $9 billion in profits
With a recorded 2022 revenue of over $22 billion, the ocean logistics company is reporting higher volumes as compared to last year.
Container shipping profits swallow pre-pandemic numbers
Globally, container shipping is still skyrocketing in profits.
DHL Global Forwarding and Hapag-Lloyd partner to further sustainability goals
Hapag-Lloyd is shipping 18k TEU’s and decarbonizing the heavy transport with advanced biofuels such as FAME - a fatty acid methyl ester.
Old shipping containers are locking in long-term leases
Shipping firms are recognizing that there’s money on the table, and they aren’t afraid to grab it.
Agricultural exporters are frustrated with ocean carriers after successful lobbying
Ocean carriers received a verbal berating at June 15th’s Agriculture Transportation Coalition (AGTC) Annual Meeting.
Maritime insurance industry is risky business
he cost of running and maintaining steamships for shipping cargo across the sea is getting more expensive, as well as the product being moved.