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April 2023, Shanghai International Shipping Institute (SISI) released the list of world’s top 50 ports (rank by cargo throughput). With high international commodity prices dampening trade demand, the cargo throughput of the world’s top 50 ports was 16.729 billion tons, up 1.3 percent year on year. Among them, 27 ports registered positive year-on-year growth and […]
Ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030. Zero Coalition identified the iron ore shipping routes from Western Australia to China and Japan as strong candidates for first-mover green shipping corridors, with favourable conditions for […]
The Global Port Development Report (2022) was officially released by the Shanghai International Shipping Institute (SISI). According to the report, in 2022, the growth of seaborne trade demand and port throughput showed a significant decline. Although the global epidemic was effectively controlled, governments around the world ended large-scale fiscal and tax stimulus policies one after […]
The industry’s current goal of reducing total annual GHG emissions by least 50 percent by 2050 compared to the 2008 baseline, is not ambitious enough to meet the immense climate challenge we face today. This needs to change and soon. While technology and biofuels have a role to play, ultimately the only way to achieve deep […]
The port of Los Angeles saw a decrease of 24.7% for inbound loads in April and a fall of 4.7% from pre-pandemic April 2019. Outbound loads were down 11.7% year-over-year. The Port of Long Beach reported handling 313,444 inbound loads in April, which represents a 21.8% fall-off from a year earlier but just a 1.4% […]
After a challenging first few months, the global reefer market is peaking up slightly and the forecast looks positive. The expectation is to finish the year up by 2-3 percent. The sales volumes for January and February have been even lower than the already decreasing results observed in 2022. Significant decreases were observed in the […]
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