Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up. In an alert to...

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Strong growth for Maersk ECO Delivery Ocean product in 2023. Over 200 customers saved more than 680,000 tons of GHG emissions. Retail, lifestyle, automotive and FMCG companies are the pioneers. Shippers are increasingly taking action to eliminate Greenhouse Gas (GHG)...

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The 2024 Asia Pacific Maritime (APM 2024), a cornerstone event for the maritime sector, was held at Marina Bay Sands in Singapore from March 13-15. The gathering is recognized as the most influential maritime exhibition in the Asia-Pacific, drawing more than 1,500...

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German container shipper Hapag-Lloyd HLAG.DE on Thursday said global vessel oversupply and a crisis in the Red Sea will force it to cut expenses in 2024, including adapting sailings and ports, after it posted an 83% fall in annual net profit. “We expect the market...

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The Baltic Exchange’s main sea freight index rose on Friday and posted a sixth consecutive weekly gain, steered by strong demand for panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels,...

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European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set to stay that way? Our latest quarterly Europe gas markets short-term outlook takes a deep dive into European gas demand,...

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