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Monday, September 9, 2024
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Analysis

Maritime connectivity retail revenues amounted to $2.1 billion in 2023

Introducing Valour Consultancy’s industry-recognised maritime report: “The Future of Maritime Connectivity – 2024”. This is the fifth edition of the study, following our highly...
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Containership contracting spree now exceeds 10 million TEU

“When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the...
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Dry freight container production surpasses earlier all time high

Drewry expects 2024 to be the second highest year on record for dry freight container manufacturing, driven by the all-time high quarterly production in...
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Drewry Port Equity Index Continues Rising Trend

The Drewry Port Equity Index continued to rise in 2Q24, gaining 3.1%, following a 1.6% increase in 1Q24, but the growth rate slowed QTD,...
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Container ship fleet expands by 11%, fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6m TEU. Compared to one year ago, the...
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Dry bulk newbuild contracting fell 34.2%, despite a strong market

“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase...
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Spot rate surge to continue post-golden week

Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels, the largest east-west container...
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BIMCO: Container shipping market exploding in 2024, but 2025 could be a different story

We have revised our assumption regarding when ships might return to normal Red Sea and Suez Canal routings. In our previous report, we assumed...
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Fitch Ratings updates oil and gas price assumptions

Fitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals. Our base-case oil price assumptions have not changed....
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Newbuilding prices climb 3% to highest level in 16 years

“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in...
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Exmar posts first half results

The Board of Directors of EXMAR has approved the interim accounts for the period ending June 30, 2024. The interim condensed consolidated financial statements...

StealthGas reports second quarter and six months 2024 financial results

STEALTHGAS, a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for...

Prevention at Sea and DYNAMARINe announce strategic partnership to foster sustainable maritime solutions

Prevention at Sea and DYNAMARINe, two leading companies in the maritime industry, are proud to announce a new strategic co-operation through an MOU signed...

Hempel A/S closes a new strategic partnership deal with CVC 

In May, Hempel A/S announced CVC Funds as minority investor. The transaction has now been completed, following regulatory approval. As part of this, Hempel...

COSCO SHIPPING Holdings Announces 2024 Interim Financial Results

COSCO SHIPPING Holdings announced its 2024 interim results. In the first half of 2024, the global container shipping market was intertwined with tight effective capacity...

Cruise industry annual environmental technologies and practices data shows continued progress toward environmental sustainability...

Cruise Lines International Association (CLIA), the leading voice of the global cruise industry, today...

Greece to take action against cruise ship tourism and short-term leasing

Greek Prime Minister Kyriakos Mitsotakis announced measures aimed at addressing the negative impact of...

Avikus and DNV partner for worlds’ first autonomous type approval

Avikus, a leading innovator in autonomous navigation technology, and DNV, the world’s leading classification...

Dalian iron ore tumbles to one-year low on China demand worries

Dalian iron ore futures fell for the fifth straight session on Thursday to hit...

Baltic index edges up on higher capezise rates

The Baltic Exchange’s dry bulk sea freight index tracking rates for ships carrying dry...

US East Coast Ports Union meets over wage demand, preps for possible strike

The International Longshoremen’s Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday...

Singapore permits night movement of containers at Pasir Panjang Terminal

Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a four-month trial, the Maritime and Port...

DP World enters retail and fashion logistics

DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong. Cargo Services is...

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake...

Indian Port Workers Call Off Strike, Agree New Wage Deal

Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on...

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