In the first six months of 2021, throughput in the port of Rotterdam was 231.6 million tonnes, a rise of 5.8% compared with the same period last year.
Global shipping has announced an unprecedented cross-industry event, to be held during COP26, bringing together leaders in shipping, energy, politics and finance to discuss maritime decarbonisation efforts.
The rising shortage of containers and sky-high freight rates are threatening Indian exports that had risen to a record in the first quarter of FY22.
BIMCO would like to encourage states and the industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create a level playing field for the industry.
2021 is shaping up to be a golden age for container ship operators, with January’s substantial rise in long-term contracted rates being “blown out the water” by developments in February.
Reducing restrictions on maritime trade could lead to GDP gains of up to 3.4% for national economies, says International Chamber of Shipping.
Without shipping, life would be different. We would have limited access to a lot of the food we consume, pharmaceuticals, clothes, and consumer goods, as around 90 percent of world trade is transported by ship.
The impact of COVID-19 will continue even as we enter 2021, and we still cannot deny that cargo trade will sink into a double-dip recession until the beginning of spring.
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport.