Strong cargo demand continues, equipment shortage worsening, and schedule reliability deteriorating in the ocean freight market. DHL Global Forwarding released its latest report on the ocean freight market. Three topics are highlighted in the report: Persistence in the cargo demand, worsening in the equipment shortage, and deterioration of the schedule reliability: According to the report,…
Following the most challenging year that the industry has ever seen, 2021 has arrived with many unknowns but also some positive signs to be hopeful. The pandemic had severe effects on many industries in 2020, including shipping. Global maritime trade is expected to have plunged by 4.1% in 2020, according to the United Nations Conference…
Ocean Infinity orders eight optionally crewed addition to its Armada fleet of robotic vessels. US-based marine robotics company Ocean Infinity’s Armada fleet of robotic vessels is ready to go to the next phase. The company has signed a contract for eight 78-meter, optionally crewed robotic vessels. The new vessels will be designed and built by…
Crew changes during the pandemic have been challenging for every actor in the industry. Danica reports each change costs up to $2,000 more. Seafarers have their own concerns. IMO is trying to step in with new protocols. Between March and August 2020, the first peak point of the pandemic, national health and immigration authorities started…
Here are some forecasts about how the energy industry will look like next year. Global Oil Demand May Not Recover The International Energy Agency (IEA) has revised its prediction for the oil demand in 2021 to 5.8 million barrels per day. Even though this means 300,000 barrels per day increase in the agency’s previous prediction,…
Here are the largest oil tankers the world has ever seen. 5. Berge Emperor and Berge Empress Berge Emperor and her twin sister Berge Empress were supertankers built in 1975, in Japan, by Mitsui. Owned by Bergesen d.y. & Co., they were launched the same year. Berge Emperor served until 1986, while Berge Empress survived…
Here is the latest COVID-19 related news from the industry. The shipping industry expects a recovery in two years A recent survey conducted by multinational law firm DWF shows that but most players in the global shipping industry believe that the sector will get over the devastating effects of the COVID-19 pandemic and recover within…
Here are some important and recent developments in the shipping industry. Industry giants agree on transparent reporting of shipping emissions The 17 Founding Signatories of the Sea Cargo Charter -ADM, Anglo American, Bunge, Cargill Ocean Transportation, COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Shell, Torvald Klaveness, Total, Trafigura,…
Here are the cruise market expectations for 2021 based on the latest developments in the industry. The value of the passenger ships continues to drop sharply as the COVID-19 pandemic freezes the cruise industry. According to the VesselsValue’s report, the total value of the 474 cruise ships in the World (including the 108 on order)…
Here are the top 10 biggest ports in the world, considering their size, cargo handling capacity, and the container traffic passing through them together. 10. Port of Rotterdam After having served as the largest port in the world for 42-years between 1962 and 2004 before it was surpassed by Singapore and Shanghai, The Port of…