Freight companies are dialing back expectations that demand will recover strongly in the second half of the year amid growing economic uncertainty and signs retailers are growing more guarded about placing big orders in 2023. “There was more optimism a few months ago...

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Much of the specifics remain up in the air as IMO’s ISWG-GHG 14 meeting outcome leaves open a broad range of options for key elements of the revision of the GHG reduction strategy at ISWG GHG 14. The fourteenth Intersessional Working Group on Greenhouse Gases (ISWG...

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Capesize The Capesize market declined early in the week without much support from either of the basins. The timecharter average, however, started to pick up midweek reaching over $15,000. The direction of the Brazil to Qingdao run changed after the force majeure was...

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Promoting the development of coordinated action throughout the Mediterranean Sea region to prevent and control marine biological invasions through ships’ ballast water was the focus of a regional workshop (20-21 March) and meeting (22-23 March) in Kappara, Malta....

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The shipping industry will need to significantly increase its uptake of bio- and hydrogen-based marine fuels by 2040 to help the world achieve net-zero emissions by midcentury, Shell said in its energy security scenarios report. In the report published March 21, the...

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Every year, 241 million containers are transported across the seas with over 7 trillion dollars’ worth of food, clothes, electronics and other goods we all need. While crucial for the smooth functioning of the global supply chain, containers and their cargoes can also...

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