CONCOR Sets Sail: India’s Ambitious Foray into Global Container Shipping
Is India ready to chart new waters in the global shipping arena? The Container Corporation of India Limited (CONCOR), a stalwart in the nation’s logistics sector, is evaluating a bold expansion into the international container shipping market. This strategic move aligns with CONCOR’s vision to evolve into a comprehensive end-to-end logistics service provider, enhancing its […]
NYSHEX Secures $25 Million in Funding and Introduces Shipping Rate Indexes
Is the shipping industry finally embracing transparency and reliability? The New York Shipping Exchange (NYSHEX) has recently secured $25 million in a funding round led by NewRoad Capital Partners, with participation from existing investors such as Blumberg Capital and the New York Angels. This significant investment underscores the industry’s confidence in NYSHEX’s mission to enhance […]
Maersk Halifax: Pioneering Methanol-Powered Container Shipping
Is the shipping industry finally steering towards a greener horizon? In a significant stride towards sustainable maritime operations, Maersk has retrofitted the Maersk Halifax, marking it as the industry’s first large container vessel capable of operating on methanol. The retrofit was executed at China’s Zhoushan Xinya Shipyard over 88 days, concluding in late October 2024. […]
Amazon-Backed Alliance Sparks Demand for Green Ship Fuels
In a significant move towards sustainable maritime practices, Amazon, IKEA, and approximately 30 other major companies have joined forces to form the Zero Emissions Maritime Buyers Alliance (ZEMBA). This coalition aims to stimulate long-term demand for green ship fuels, particularly e-fuels like e-methanol, to achieve near-zero emissions in ocean freight. Driving Demand for Sustainable Shipping […]
Container Shipping Rates Decline in 2025: A Challenge for Rail Freight
The container shipping industry is anticipating a decline in freight rates for 2025, a development that could pose challenges for the rail freight sector. Historically, elevated shipping costs have driven shippers to seek alternative transport modes, such as rail, to mitigate expenses. However, with maritime rates projected to decrease, the competitive advantage of rail freight […]
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. […]
Birmingham to North Africa – All in a days work (or fortnight!)
Secure Transport to Marrakech Shipping containers offer many advantages for transporting high value or sensitive loads. With steel walls, floors and roof a shipping container is extremely secure. The container doors are easily locked and the load is protected from the weather. A high value load transported within a shipping container on a Steelbro sidelifter […]
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. […]
