Ocean Freight Market: What’s Going On?

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...

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What Awaits Shipping Industry In 2021?

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...

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2021 Energy Expectations

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...

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Largest Oil Tankers Ever Built

Here are the largest oil tankers the world has ever seen. Berge Emperor 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...

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Latest News From the Shipping Industry

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...

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Cruise Market Expectations For 2021

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...

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Port of Rotterdam

World’s Biggest Ports

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...

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Shipwrecks in 2020

Unfortunately, many ships were sunk, foundered, or grounded this year in different parts of the World. Here are some of the most important incidents of 2020. Stellar Banner Scuttled Loaded with 294,000 tons of ore, VLOC bulk carrier Stellar Banner left the port of Ponta da Madeira,...

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