SHIPPING
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Product tanker recycling drops to lowest on record
January 17, 2024 - Product tanker recycling reached a new low in 2023, according to a new analysis by BIMCO, one of the largest...
Ocean rates keep climbing on Red Sea diversions as Lunar New Year approaches
January 17, 2024 - Despite US and UK strikes on Houthi positions in Yemen, attacks on Red Sea traffic continued this week both on US naval...
China's Tianjin Port launches direct route for Chilean cherry imports
January 16, 2024 - North China's Tianjin Port has launched a new direct shipping route to facilitate cherry imports from Ch...
PSA notes unclear outlook for global economic recovery in 2024
January 15, 2024 - PSA International Pte Ltd (PSA) saw a "record-breaking year" in 2023 as it handled container...
Red Sea disruption could keep rates elevated for much of 2024
January 12, 2024 - As disruptions in the Red Sea continue, freight rates have doubled, according to a new report from HSBC Global...
Ocean rate increases spreading to non-Red Sea lanes as capacity tightens
January 11, 2024 Ocean rate increases are spreading to non-Red Sea lanes as shipping capacity tightens, according to a new Freightos...
ZIM to roll out container tracking systems
January 11, 2024 Liner shipping company ZIM has partnered with Hoopo Systems to deploy tracking devices across its container fleet. ZIM...
Maersk announces use of "land bridge" amid ongoing water situation in the Panama Canal
January 11, 2024 Maersk said vessels that utilised the Panama Canal before will now omit passing the trade route amid the ongoing water...
Singapore selects vessel charging concepts for electric harbour craft trial
January 10, 2024 The Maritime and Port Authority of Singapore (MPA) announced that it had selected the Pyxis Energy Pte Ltd, Pyxis...
China's cargo, container throughput at ports up in first 11 months of 2023
January 9, 2024 China's cargo and container throughput at its ports grew in the first 11 months of the year. State media repo...
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