Maritime

Maritime transportation, goods, services and regulation news

Signal Ocean Tanker - Weekly Market Monitor – week 32

AJOT | August 08, 2024 | Energy | Maritime | Bulk

This week's chart shows that the growth in ton days for dirty tankers has slowed since May compared to last year, with a continued decline into August.

MSC GRI - scope: Import Indian Subcontinent/Middle East to USA (ISC/ME)

AJOT | August 08, 2024 | Maritime | Liner Shipping

MSC GRI - scope: USA to SAWC (South America West Coast)

AJOT | August 08, 2024 | Maritime | Liner Shipping

Even Suez Canal restart is no silver bullet for container shipping turbulence, warns Jensen

AJOT | August 08, 2024 | Maritime | Liner Shipping

Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates, according to Lars Jensen, CEO of Vespucci Maritime.

cargo-partner focuses on cost-efficient FCL transports from Europe to Asia

AJOT | August 08, 2024 | Maritime | Liner Shipping

In addition to its transport solutions from Asia to Europe, the logistics provider has now expanded its service offering in the opposite direction as well.

UAE bans Eswatini-flagged ships in fresh shadow-fleet crackdown

US container shipping braces for headwinds as peak season approaches: Container xChange forecaster: August 2024

AJOT | August 07, 2024 | Maritime | Liner Shipping

• Majority of US container traders surveyed anticipate further container price hikes in August, 92% expect volatility • China to US and China to Europe container leasing rates surge in July • Backhaul rates continue to stay strong owing to demand for containers in Asia

Descartes releases August Global Shipping Report: July U.S. container import volumes break 2.5M TEUs

AJOT | August 07, 2024 | Maritime | Liner Shipping

According to the findings from Descartes' global trade software Descartes Datamyne, July 2024 U.S. container imports hit a 26-month high, growing 11.2% to 2,556,180 twenty-foot equivalent units (TEUs). This also marks the first time in 22 months that volumes have been above the 2.4 million TEU level that created port congestion and delays during the pandemic. Despite the increased volume in July, port transit time delays showed little impact with largely negligible improvement or decline.

Maersk changes its tune on LNG with big ship order

Bloomberg | August 07, 2024 | Green Shipping | Maritime | Liner Shipping

Shipping giant A.P. Moller-Maersk A/S is in the process of securing 50-60 vessels as part of its fleet renewal program, including ships that will be able to run on liquefied natural gas, a fuel the company has criticized in the past.

[Freightos Weekly Update] West Coast ocean rates slide on easing demand, increasing capacity

Another record-breaking month for container shipping demand from China to North America and North Europe

AJOT | August 07, 2024 | Maritime | Liner Shipping

But signs volumes may have peaked

June 2024 Freight Transportation Services Index (TSI) down 0.3% from the previous month and up 0.7% from the same month last year

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.3% in June from May, after a one-month increase, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS).

Signal Ocean: Grain seaborne trade impact on the dry bulk freight market

AJOT | August 07, 2024 | Maritime | Bulk

Shifts in global grain trade and freight market dynamics

OrbitMI takes innovative tack to navigate complexities of LNG operations

Transportation of LNG entails complex decision-making processes that must be managed effectively to ensure operational efficiency and environmental compliance.

Maersk CEO looking for new M&A deals after dropping Schenker bid

Bloomberg | August 07, 2024 | Maritime | Liner Shipping

A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the chief executive officer said.

Port of Hueneme partners with STAX Engineering “breaking waves” with emissions capture and control project

The Port of Hueneme, a vital gateway for international trade and a leader in environmental stewardship, has announced its groundbreaking collaboration with STAX Engineering, a leader in maritime emissions capture and control.

Bureau Veritas Marine & Offshore makes key leadership appointments

Three newly created operational geographic areas headed in London, Athens and Shanghai and roles in Paris will drive continued operational excellence, sustainability, and people development.

FarSounder launches the CSB Data Explorer platform in partnership with The International SeaKeepers Society, the International Hydrographic Organization and Seabed 2030

AJOT | August 06, 2024 | Maritime | Technology

FarSounder has released their CSB Data Explorer. This web-based platform enables contributors of CSB (crowdsourced bathymetry) data to easily see where they’ve made contributions and gauge their support of the CSB community.