Philippine peso slumps to one-year low as import demand surges
The Philippine peso dropped to its lowest level in more than a year amid rising volatility and a spike in imports and oil prices.
Port of València calls for tenders for the drafting of the preliminary wind power installation project
• The aim of this project is to define the installation of wind turbines to produce electrical energy • Valenciaport is making progress in its…
Drewry Multipurpose Time Charter Index - Jul 21
The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over…
US fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu),…
ZIM and Seaspan announce new long-term chartering agreement for ten 7,000 TEU LNG-fueled vessels
Transaction Strengthens ZIM's Operating Fleet, Facilitating Long-Term Growth Strategy and Maintaining Operational Agility Vessel Deliveries to ZIM are Expected Beginning in the Fourth Quarter of…
Xeneta container rates alert: increase slows, but still no relief in sight for global shippers
Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. May’s 9% surge in prices…
Counting the cost of BWT inaction by shipowners
Shipowners that are dragging their heels in installing ballast water treatment (BWT) systems in an effort to save money could end up paying a much…
CEVA Logistics introduces ICN-WUX-ORD route, expanding SKYCAPACITY air freight program
• ICN-WUX-ORD route represents first CEVA air freight connection between two North Asian countries
• Route operated with a Boeing 747 full freighter
Data reveals congestion in South Chinese ports could potentially impact seasonal shipments as far out as Christmas
Dwell times at major Shenzhen ports tracked by project44 remains disruptively high, despite trending downward in recent days with the Port of Yantian at full…
Berge Bulk and marine biofuel pioneer GoodFuels successfully complete first bio-bunkering
Trial further demonstrates the viability of GoodFuels’ sustainable marine biofuel in future fuel mix and takes Berge Bulk another step closer to shipping’s decarbonisation goals
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