A downcycle is unavoidable for container shipping in 2023-24 and profits will fall by 80%, a report by HSBC Global Research forecasts. After two years of […]
Container shipping profits will drop by 80% in 2023/24: HSBC report
Shipping industry to remove the Indian Ocean High Risk Area
No piracy attacks against merchant ships have occurred off Somalia since 2018. At 0001 UTC on 1 January 2023 the Indian Ocean High Risk Area (HRA) […]
Fleet gaps between largest and smallest liner operators at all-time high
The disparity in the fleet sizes of the 10 largest container carriers and their smaller rivals is now at an all-time high, according to Alphaliner’s latest […]
Container travel distance impact turning negative: Sea-Intelligence
With the market on a decline in terms of supply/demand, shift in sailing distance impact becomes an added element. During the pandemic market disruptions in the […]
New World Maritime Theme highlights environmental legacy
MARPOL at 50 – Our commitment goes on’ has been selected as the upcoming theme for the International Maritime Organization’s 2023 World Maritime Theme, which will […]
Six million surplus boxes in global container pool
Drewry estimates that as many as 6 million TEU of surplus containers now exist in the global equipment pool following a boost in of over a […]
Post-Covid container demand boom coming to an end
The post-Covid demand surge for container shipping appears to have run its course according to Drewry’s port throughput indices. The Drewry Global Port Throughput Index stood […]
Training opens new horizons for women in ports
UNCTAD’s TrainForTrade port management programme increases women’s participation in leadership roles in ports, promoting gender equality in the industry. Ports are dominated by men. Globally, women’s […]
ICS at 100: Shaping the Future of Shipping
In 2022, the International Chamber of Shipping celebrated its 100th anniversary. Following excerpt adapted from the commemorative book charts the history of the organisation from 1921 […]
Containers lost at sea increased 400% in 2020 – 2021
There was a four-fold increase in the number of containers lost overboard during 2020 – 2021 compared to the previous two-year. According to figures from the World […]