“At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.As 4.4m TEU were contracted during 2024, the second highest ever, the order book grew despite deliveries hitting a new record high of 2.9m TEU.“Making up 92% of the order book capacity, ships 8k TEU or larger dominate the order book…
U.S. container import volumes increased 4.7% year-on-year in February, but could cool in coming months as the U.S. trade war with China and other key trading partners takes hold, supply chain technology provider Descartes said on Monday.U.S…
The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal's chief told a maritime conference.The authority, which has an $8 billion investment plan…
ZIM Integrated Shipping Services is accelerating the global deployment of smart containers, helping to advance visibility and transparency through the integration of Hoopo’s innovative hoopoSense Solar trackers.ZIM’s smart container solution enables end-to-end tracking…
Donald Trump’s victory in the US Presidential Election is has importers on edge, fearing another spike in ocean container shipping freight rates premised on President Trump's vow on blanket tariffs of up to 20% on all imports into the US and additional tariffs of 60% to 100% on goods from China…
CMA CGM and Google announced a partnership to accelerate the integration of artificial intelligence (AI) across CMA CGM's operations globally.“By combining CMA CGM’s deep expertise in shipping and logistics with Google's AI tools and secure…
Unifeeder A/S and MPC Container Ships ASA (MPCC) announced a new collaboration to make joint investments into energy efficiency technology (EET), a partnership that will see the parties unite to increase decarbonization and efficiency in maritime transport…
“In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of the year…
Genoese group Ignazio Messina & Co.has been taken delivery of the container vessel Jolly Rosa. Flying the Italian flag and enrolled in the International Registry at the Genoa Port Authority, the ship measures 260 x 32m with a gross tonnage of 42…
Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively…
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10…
As geopolitical upheaval continues, Peter Sand, Chief Analyst, Xeneta, explores how global trade patterns have (and will) evolve.Geopolitical unrest could have dramatic and long-term impacts on global trade patterns for all goods and commodities…
“Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the container fleet in the coming years…
Xeneta returns this week with a second ranking of carrier carbon emissions, this time focused on the Far East to U.S. West Coast Trade.'Why are we doing this? We want to shine a light on the importance of green shipping and spotlight the progress of carriers…
Xeneta has taken the first step in a campaign to identify the carrier industry’s best and worst environmental performers across the world’s 13 leading shipping trades. With the help of the Carbon Emissions Index (CEI), a tool from Xeneta and Marine Benchmark…
