85 large ships lost worldwide in 2016, down 50% over a decade. Top losses in South China and Southeast Asia; the East Mediterranean replaces British Isles as top incident hotspot.
Faced with harsh headwinds, many shipping firms are now setting their sails for the incoming shifts and trends in the global shipping industry this year 2017.
Moore Stephens says the shipping industry will use a mixture of experience and innovation to navigate what is likely to be another volatile year for the industry in 2017.
MSI Senior Analyst James Frew tells Hansa Forum recovery prospects are positive despite structural changes to demand growth.
Checkout the infographics of13 facts on the shipping and ocean freight, one of the oldest industries in the world, created by the team at iContainers.
The liner shipping industry must urgently address the poor quality of service afforded to shippers since the consolidation of the world’s top 20 lines into ‘super alliances’, says the Global Shippers’ Forum (GSF).
The International Chamber of Shipping (ICS), which has represented global ship operators throughout the UN Climate Change Conference in Paris, has commented on the latest draft UNFCCC text which – although still not finalised – currently contains no explicit reference to international shipping (or aviation).
WISTA UK, the Women in Shipping and Trade Association, isn’t shy in hosting events that challenge its members to address the major issues affecting the shipping industry, and this was very much the case during the its most recent Forum.
France’s CMA CGM, the world’s third-largest container shipping firm, said freight rates should recover next year after a market downturn led to a sharp fall in its third-quarter profits.
As land storage sites worldwide reach brimming point due to a supply glut, tens of millions of barrels of oil are sitting on tankers looking for homes – threatening logistical paralysis.
The UK Chamber of Shipping has today published a new study on the impact of the European Union on the UK’s £10bn shipping industry.
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period.
Indian state-owned firms may have to give half their freight business to local shippers to help rescue an industry battered by the global commodities downturn.
In advance of the United Nations Climate Change Conference in December, the global shipping industry, as represented by the International Chamber of Shipping (ICS), has launched some key messages to government negotiators, explaining the impressive progress the industry is making to reduce its carbon footprint.
Trelleborg’s marine systems operation has launched two new webinars discussing the current state of the port environment, and the opportunities arising for facilities looking to take steps toward more strategic investment and supplier support.
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I Club. His comments were published on 16th July, 2015 in the 170 million GT, ‘A’ rated Club’s 2015 Management Report.
The shipping industry is experiencing the biggest dry bulk market recession since the 1980s. The uncertain global economic outlook and the increased imbalance between supply and demand have lead to historical low freight rates.
A growing vessel glut is battering sentiment in the shipping industry at a time when players face risks to growth in Asia and turmoil in countries such as Greece, a leading transport survey showed on Monday.
Heikki Soljama, Managing Director for ABB’s marine and ports business, spoke about the crucial role of technology as the enabler of future success in shipping at the opening conference of Nor-Shipping.
Shipping freight rates on the world’s busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility in the market as vessel operators continue to wrestle with overcapacity.
Today we want to pay tribute to the humble shipping container, which has revolutionized the world since 1956. For instance, did you know that last year over 90% of everything you purchased was shipping in a container?
At a high-level Arctic Summit, organised by The Economist magazine in Oslo on 12 March, ICS – the global trade association for merchant ship operators – highlighted important issues associated with the growth of Arctic shipping and expressed confidence in the industry’s environmental performance.
While dropping of oil prices certainly indicate good news for the economy in general, many of us still wonder what might be the reason for this drop in oil prices and its impact on the Shipping Industry. Find out about the effects of plummeting oil prices on the shipping industry.
The shipping industry cannot rely on the navies and traditional law enforcement to protect them from pirate attacks and to hold pirates accountable. Read more on what shippers can do for protection against pirate attacks.