“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while…
New analysis by Maritime Strategies International cites emerging evidence that the demand side of the industry will prove better-insulated from tariffs than was expected earlier in the year, while a dynamic where Chinese exporters continue to…
Russian wheat export prices rose last week in response to news of a large Iranian purchase and against a backdrop of limited supply, as bad weather at ports hampered shipments, analysts said.The price for Russian wheat with 12.5% protein content…
Chinese-controlled container line Sea Legend will launch the first direct China-Europe route via the Arctic this week, the Global Times reported on Monday, in a move set to almost halve express shipping times between the two locations.Sea Legend…
Port Houston recorded sustained growth in August following a standout July. Total tonnage across Port Houston’s public terminals is up 5% year-to-date through August, reflecting steady growth across multiple cargo sectors.After a record-setting July…
Secretary-General of ASEAN, Dr. Kao Kim Hourn, participated in the China–ASEAN Industry Ministerial Roundtable Meeting on the sidelines of the China–ASEAN Expo, on September 17 in China, highlighting ASEAN’s robust economic progress and changing trade patterns…
Puerto Rico has negotiated a $4 billion LNG contract with New Fortress Energy, Governor Jenniffer Gonzalez said on Tuesday in a post on social media.The supply deal, which comes after talks for a much larger contract broke down in July, reduced…
The World Shipping Council (WSC) has launched a Cargo Safety Program, an industry-led initiative to detect misdeclared and undeclared dangerous goods in order to prevent ship fires.The program combines AI-powered cargo screening and common inspection…
The number of vessels that passed through the Panama Canal edged down slightly to an average of 32.5 ships per day in August compared to the 32.6 per day in the previous month, its authority said in a bulletin released on Wednesday.While traffic…
U.S. imports of containerized goods rose 1.6% year-over-year in August, even as volume from China and other key suppliers tumbled amid uncertainty over President Donald Trump's trade policy, supply chain technology provider Descartes said on Tuesday…
The World Shipping Council (WSC) released a new report summarising deficiencies found in government cargo inspection programs, reviving a data series that the IMO discontinued last year.The 2024 report shows that 11.39% of inspected cargo shipments were found to have deficiencies…
A joint letter has been sent to EU Animal Welfare Commissioner Olivér Várhelyi urging the Commission to halt the transport of unweaned calves from Ireland to France by roro ferry.It follows a similar letter sent in February.In 2022 the European…
German exports unexpectedly fell in July on a sharp decline in U.S. demand due to Washington's tariffs on European imports, official data showed on Monday, while a survey indicated that investor morale has plunged this month.Exports from Europe's biggest economy fell by 0…
Russia will deliver oil to Brunei via the Northern Sea Route for the first time this September, expanding its export reach through the strategic Arctic passage, two sources familiar with the shipping data told Reuters.Until now, NSR shipments…
Despite significantly weaker freight rates, the average price for five-year-old container ships has increased 17% year-on-year and 6% since the beginning of 2025,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The average per TEU price…
