04 DEC 2023 The handwriting has been on the wall for some time with analysts warning that the container shipping segment was facing a prolonged period of hard times brought on by falling volumes, oversupply, and declining rates. Widely followed indicators such as the Drewry World Container Index have continued …
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04 DEC 2023 Three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said Sunday, as Yemen’s Houthi group claimed drone and missile attacks on two Israeli vessels in the area. The Carney, an American destroyer, responded to distress calls and provided assistance following missile …
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03 DEC 2023 The CEOs of five of the world’s largest shipping companies took the unusual step of joining together to outline a shared vision to accelerate the decarbonization of the global maritime industry. Timed to the conclusion of the UN’s COP 28 conference in Dubai, the executives of CMA …
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02 DEC 2023 Why trade is shifting to the US East Coast Ports via the Suez Canal The tectonic plates of world trade are shifting. Southeast Asia’s replacement of China as the world’s manufacturing powerhouse has enormous implications for international shipping routes, ports, and supply chains – particularly in the …
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01 DEC 2023 The UK Marine Accident Investigation Branch (MAIB) issued a damming report today investigating the 2021 grounding of a cargo vessel on the west coast of Scotland. They identify issues including the fact that the watch officer was likely drunk and sleeping when the vessel grounded as well …
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30 NOV 2023 In the vast expanse of the world’s oceans, a transformation is underway. The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO?) roughly equivalent to the entire country of Germany. Our research emphasises the need for …
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