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Maersk upgrades 2024 guidance on strong demand
4 Jun 2024 1:40 PM ISTMaersk now expecting underlying EBITDA of $7-9bn and EBIT of $1-3bn (previously $4-6bn and $-2-0bn, respectively)
Dimerco says multiple reasons for high container freight rates
4 Jun 2024 12:02 PM ISTRed Sea crisis continues to cause significant disruptions in global shipping; three alliances short by 36 vessels
Ocean freight spot rates to rally on uncertainty and disruptions
31 May 2024 12:31 PM ISTSpot rates to reach level we haven’t seen since 2022 when Covid-19 pandemic was still wreaking chaos: Peter Sand, Xeneta
Drewry says reefer sector to stay strong in 2024 on rising exports
16 May 2024 12:19 PM ISTStrength reinforced by falling reefer freight rates as carriers adjust prices down after pandemic era disruptions
India to Europe air cargo rates may remain elevated: Xeneta
29 March 2024 1:16 PM ISTWith capacity stable, load factor from India to Europe climbed to 87% in week to March 24 - highest since April 2022
Houthis/Somali pirates attack 13% of global seaborne trade
19 March 2024 5:17 PM ISTIn the first three weeks of March, the number of ships transiting through the Suez Canal was down 51% YoY
Ukraine's grain exports flourish amidst expired Black Sea Initiative
5 March 2024 2:38 PM ISTUkraine exported an average of four million tonnes of grain per month during January and February 2024
Red Sea impact: Schedule reliability drops to 51.6%
2 March 2024 2:53 PM ISTCMA CGM was the most reliable top-13 carrier in January with schedule reliability of 54.7%
Cargo volumes in Red Sea area drop 21% due to attacks on ships
27 Feb 2024 6:30 PM ISTContainer ship transits are down by 70% through the Gulf of Aden and the Suez Canal, says BIMCO
Red Sea surcharges and the power of uncertainty…
23 Feb 2024 6:27 PM ISTCargoes moving in the opposite direction on the backhauls have been hit harder by surcharges: Xeneta
Global container equipment fleet growth picks up pace: Drewry
22 Feb 2024 7:26 PM ISTDrewry estimates that global box fleet rose 1% last year to 51.4 million TEU, to expand 2.3% over the year
EU launches Operation Aspides to counter Houthi attacks
20 Feb 2024 3:52 PM ISTOperation will be active along the main sea lines of communication in the Baab al-Mandab Strait and the Strait of Hormuz