The first six months of 2024, saw the container market boom continue in Asia: Hong Kong and Vietnam witnessed the largest month-on-month spike in average container prices in June. The outlook for H2 indicates a cooling of container rates, with potential challenges from geopolitical tensions, port strike threats in the US and market disruptions. The US shipping container trading market has significantly slowed, primarily due to sharp price increases. Container sellers in the US have held onto stock, anticipating higher prices, while container buyers in US have adopted a cautious stance, awaiting potential price drops. This cautious market behavior has […]
This report provides key information on selected, major global ports covering the major themes of: port delays, equipment availability, trucking and hinterland transport disruption, as well as other notable operational developments. Alongside the individual port data, regional summaries are also provided where needed. Source: DHL
This report finds that biogas-based biofuels can provide strong support for decarbonization of shipping, especially in the early stages of the transition. Biogas-based biofuels can extract value from diverse feedstocks, including waste, and can be produced at scale via technologies and supporting infrastructure that are either already commercially available or will likely become so in the near future. Emerging virtual infrastructure, such as green certificates trading or book and claim systems, could further enhance the sustainability and business cases for these biofuels. However, control of methane emissions throughout the value chain emerges as an important challenge for this sector’s environmental sustain
The report examines Inmarsat GMDSS distress calls received during 2023, providing insights into how the maritime industry is managing the challenges of the post- pandemic
A new report examining key trends within crew-related insurance claims identifies concerns with an increase in injuries as well as a “worryingly high number” of
The growth in global trade was fueled by positive trade dynamics for the United States and developing countries, and in sectors related to green energy and artificial intelligence. The outlook for 2024 remains positive, but geopolitical issues and industrial policies will continue reshaping global trade patterns. The report expects the increase to add approximately $250 billion to trade in goods, and $100 billion to services trade, in the first half of 2024 compared to the second half of 2023. The short-term trade outlook is cautiously optimistic as the global forecasts for GDP growth remain at around 3% for 2024. The […]
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