The World Trade Organization (WTO) has predicted a gradual recovery in global trade this year, following a contraction in 2023 caused by high energy prices and inflation. Its latest report, Global trade outlook and statistics, forecasts a 2.6% increase in merchandise trade volume for 2024 and 3.3% in 2025, after falling by 1.2% in 2023. …
Global shipping freight, insurance and crew wages will likely increase significantly in the near term after Israel launched a retaliatory missile attack on Iranian soil but ongoing loadings are likely to carry on as usual, market participants said April 19. “From the information we have as of now, the current loadings are going on in …
Global freight, insurance, crew wages to spike as Israel attacks Iran: shippers Read More »
Your Excellency Secretary-General Guterres, The maritime industry, represented by the organisations behind this letter, are grateful for the recognition that the UN Security Council and you personally have placed on the shipping industry and the importance of the free movement as set out in international law. We also thank and applaud IMO Secretary General Arsenio Dominguez …
The Baltic Exchange’s dry bulk sea freight index gained on Friday and posted its best week in overseven weeks, steered by firmer rates across vessel types. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 18 points, or about 1%, to 1,919 points. The index was up about …
Baltic index logs weekly gain on stronger rates across all vessel segments Read More »
Drewry’s World Container Index decreased by 3% to $2,719 per 40ft container this week. Our detailed assessment for Thursday, 18 April 2024 • The composite index decreased by 3% to $2,719 per 40ft container this week and has increased by 53% when compared with the same week last year. • The latest Drewry WCI composite …
AET also signed the Shipbuilding Contracts (SBC) for these two vessels with Dalian Shipbuilding Industry Co., Ltd (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC). The TCP was signed by Mr. Zahid Osman, President & CEO of AET and Mr. Shamsul Bahari Salleh, CEO of PTLCL; and witnessed by Captain Rajalingam Subramaniam, President and …
World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC Read More »
Imoto Lines and Marindows, as a first step in transforming the future of domestic maritime shipping, will build the next generation of zero-emission domestic container ships capable of hybrid operation using Japan’s first exchangeable container batteries, alongside onboard batteries, and generators, and conduct demonstration experiments on the Kobe ~ Hiroshima service. This project is a …
Imoto Lines and Marindows launch next-generation zero-emission container ship project Read More »
The Indian government has put the country’s Navy on high alert to respond quickly to calls of distress from ships, both Indian and foreign flag carriers, moving through the strife-torn Persian Gulf region, where tensions have escalated since Iran launched a missile strike against Israel on Saturday. India’s shipping ministry has reached out to the …
India: Government issues fresh guidelines to protect ship movement in the Persian Gulf Read More »
Refining margins for fuel oil in Asia posted a weekly increase as of Friday, after sentiment showed signs of improvement in the spot market for the May trading cycle. Prompt-month crack for very low sulphur fuel oil (VLSFO) closed at premiums of about $12 a barrel on Friday, inching up by nearly 18% from last …
WISTA COLOMBIA 2024 Cali (Colombia) 12 y 13 de junio Solicita información en: WhatsApp: +57 317 636 7766 wistawebcolombia@gmail.com Women’s International Shipping & Trading Association es una organización mundial creada en 1974 en Londres que conecta ejecutivos en todo el mundo y propicia la creación de redes regionales identificadas con la sigla (“NWAS”), ( National …
