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Majority of 2570 Supply chain professionals surveyed in July hopeful of container market rebound, Container Price Sentiment Index (xCPSI) reflects positive outlook Container prices have remained stable in July, indicating a market improvement that offers favorable conditions for shippers entering the peak season Hamburg, 14 August 2023: Container xChange, an online container logistics platform, published …
Container Market Sentiment Signals Rebound: A ‘Shipper’s Market’ this Peak Season Read More »
Last week, the UP World LNG Shipping Index (UPI), the only stock index focused on LNG shipping companies, lost 2.57 points or 1.66%, closing at 152.06 points. The S&P 500 (SPX) index, representing U.S. stocks, lost 0.31%. Both indices can be found in the image provided below. UPI closed the six-week growth series below the …
LNG shipping stocks: Decline below the resistance Read More »
There has been increasing interest in expanding existing domestic emission trading schemes to also cover international shipping. There is now agreement in the EU on how the EU’s emission trading system will be applied to shipping from 2024. Owners and charterers should start to think about how they are going to deal with its requirements. …
Navneet Kapoor, CTIO, has written this opinion piece describing the amazing challenge of digital transformations – and why many companies struggle with it. This op-ed was recently published in the national Danish newspaper, Dagbladet Borsen. In recent decades, technology and digitization have changed our society. It has changed how we communicate with each other and …
The amazing challenge of digital transformations Read More »
Voyager, the operations and demurrage management platform for bulk commodity shipping, is urging shipping companies to take a proactive stance and adopt a number of Best Practices in order to reduce the costs and risks of demurrage. A dramatic surge in port congestion and associated supply chain disruptions have led to longer waiting times and …
Roger Moore joins as Technical Adviser – Remote Systems, ROV & Offshore Survey. Romina Nicolaides joins as Communications and Marketing Specialist. Two new additions to IMCA’s Secretariat will further enhance the team. Roger Moore has joined as a Technical Adviser for Remote Systems and Remote Operated Vehicles (ROV) and Offshore Survey. Roger has been working …
IMCA welcomes two new members to the Secretariat. Read More »
The Baltic Exchange’s main sea freight index .BADI edged up on Monday as rates for the panamax segment, ferrying coal and grain cargoes, hit a more than three-month high that also helped offset a dip in the larger capesize vessel segment. * The overall index, which factors in rates for capesize, panamax and supramax shipping …
Gains in panamax vessel rates take Baltic sea freight index higher Read More »
ClassNK has issued an Approval in Principle (AiP) for an ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy Industries (SHI). Ammonia is expected to be used as a ship fuel for decarbonization since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative as it has …
