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Shipping Line Prospects Improve After Tough Fourth Quarter
The last three months of 2023 were some of the worst for liner shipping’s finances in recent years, with the cumulative loss among carriers amounting to $700m, according to new a
Canal Issues Stir Global Shipping Disruption
More than 50 ships queued to cross the Panama Canal on a recent day—from tankers hauling propane to cargo ships packed with food. A prolonged drought has led the canal’s operat
Malaysia’s Largest Port Aims to Double Its Capacity.
Malaysia’s largest port operator, Westports Holdings, is considering external investors to fund an $8.3 billion expansion, aiming to nearly double its capacity by 2082, repor
Transit Time Increase Leads to 16% Rise in Capacity Needs
With ocean carriers having established Red Sea diversion routes, Sea-Intelligence analyzed the impact on global demand as measured through global TEU*Miles. Sea-Intelligence determ
Transform our freight challenges: Urgent strategy needed
Building a “supply chain aware” nation will be essential if Australia is to efficiently deliver the growing freight load, prompting calls from industry to accelerate the Nation
China Urges Iran to Control Houthi Actions in Red Sea
Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing,
Hydrogen Fueled Product Tanker Awarded Grant
A Swedish company has just been awarded $5.3 million in grant money from the European Union to develop the first hydrogen fueled product tanker of its kind. The project aims
Battery-Powered Ships funded By Norwegian Government
The Norwegian government was to reach net zero carbon emissions across all industries and so have begun investing in battery-powered ships. Recently the government has invested mor
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