Tag: trends

The Q1 2024 Shipping Market Overview & Outlook from BIMCO has been released which features an analysis of the container shipping market regarding supply and demand.

Smart Green Shipping has initiated on-land testing of FastRig, an aluminum wingsail designed to use wind propulsion to deliver thrust to the ship and can reduce shipping emissions by up to 30%.

According to the Energy Information Administration (EIA), the United States has been the leading producer of crude oil globally for the past six years, as per the International Energy Statistics.

Harnessing data from the 2023 global Wellness at Sea Maritime Schools Conferences, Sailors’ Society's report provides fresh insight into what motivates and worries these Gen Z seafarers and what the industry needs to do to retain and support them.

The American Bureau of Shipping (ABS) has published the ABS ESG Blueprint, a report full of best practices and effective strategies for ESG (Environmental, Social, and Governance) monitoring and reporting. 

The Q1 2024 Shipping Market Overview & Outlook from BIMCO has been released which features an analysis of the tanker shipping market regarding supply and demand.

EIA notes that in January 2024, LPG volumes decreased through the Suez Canal by 84% and around the Cape of Good Hope by 44% compared with December 2023. 

Two weeks after Xeneta reported that ocean freight shipping spot rates from the Far East into Europe may have peaked during the Red Sea crisis, it is now observed that trades into the US have followed a similar pattern.

As the International Chamber of Shipping (ICS) explains in their Leadership Insights newsletter story, Environmental, social and governance (ESG) performance is quickly becoming a differentiator in the maritime job market. 

Attacks on ships in the Red Sea and drought in the Panama Canal area have more than quadrupled shipping prices since late 2023. According to Swiss Re, impacts could worsen should disruptions persist into the peak shipping season in the second half of the year.