Evergreen’s Bold Expansion: Pioneering Megamax Container Ship Orders
In a significant move within the maritime industry, Evergreen Marine Corporation is reportedly in discussions to place the first megamax container ship orders of the year. These vessels, known for their immense size and capacity, are pivotal in global trade, enabling the efficient transport of large volumes of goods across continents. Evergreen, a prominent player […]
Navigating Container Shipping Volatility: Strategies to Stabilise Global Trade
The container shipping industry is bracing for a fifth consecutive year of significant rate volatility, driven by a confluence of factors including geopolitical tensions, supply chain disruptions, and fluctuating demand. This persistent instability poses substantial challenges for global trade and logistics. Geopolitical Tensions and Supply Chain Disruptions Recent geopolitical events, such as the Red Sea […]
The Shipping Industry’s Drive to Cut Greenhouse Gas Emissions
Is the shipping industry doing enough to tackle its carbon footprint? The shipping industry, responsible for approximately 3% of global greenhouse gas (GHG) emissions, has been under increasing pressure to reduce its environmental impact. In July 2023, the International Maritime Organization (IMO) adopted a new strategy to achieve net-zero GHG emissions by or around 2050. […]
The Shipping Industry’s Drive to Cut Greenhouse Gas Emissions
Is the shipping industry doing enough to tackle its carbon footprint? The shipping industry, responsible for approximately 3% of global greenhouse gas (GHG) emissions, has been under increasing pressure to reduce its environmental impact. In July 2023, the International Maritime Organization (IMO) adopted a new strategy to achieve net-zero GHG emissions by or around 2050. […]
The Dry Freight Intermodal Container Market: Rewriting Long-Term Strategies in a Shifting Landscape
How is the dry freight intermodal container market adapting to shifting global demands? In an era defined by rapid change, the market for dry freight intermodal containers—essential to global trade and logistics—is undergoing significant transformation, with new strategies emerging to address evolving customer needs and long-term economic shifts. A Market on the Move As the […]
Valencia Port Resumes Operations Following Devastating Flooding in Spain
The Port of Valencia has reopened for operations after severe flooding temporarily halted activity across eastern Spain. Key terminals, including CSP Iberian Valencia Terminal, MSC Terminal Valencia, and APM Terminals, resumed receiving and dispatching goods on October 30, bringing relief to a region heavily impacted by Spain’s worst floods in decades. The disaster has claimed […]
Shipping Containers Overboard: A Growing Global Concern
The Associated Press (AP) has brought to light a lesser-known but increasingly prevalent issue: shipping containers falling overboard. The report examines how severe weather, improper stacking, and inadequate securing contribute to these accidents, often resulting in pollution and significant economic loss. Shipping experts and environmentalists are calling for tighter regulations, improved tracking systems, and more […]
US Container Market Outlook Impacted by Elections and Global Economic Uncertainty
The US container market is set to experience volatility as upcoming elections and global uncertainty create an unpredictable economic environment. Industry experts predict that factors such as shifts in trade policies, geopolitical tensions, and fluctuating consumer demand will challenge the stability of the market. The impact could lead to disruptions in supply chains, especially in […]
Rising Cargo Stowage Failures off South Africa: A Growing Concern
As more ships avoid the Red Sea and sail around South Africa, there has been an uptick in cargo stowage failures and container losses in the harsh waters off the Cape of Good Hope. In the past few months, several incidents have been reported, leading to environmental damage and endangering other vessels. The challenges of […]
When shipping containers lost at sea burst open, what happens?
Russ Lewis has encountered an odd assortment of items along the Long Beach Peninsula in Washington over the years—Hot Wheels helmets, plastic turkey decoys, colourful squirt guns, and an endless collection of mismatched Crocs. When it’s just one Croc, you might assume it was simply misplaced, but finding several in different sizes hints at a […]
