shipping

Decline in Container Shipping Volumes in the US: What Does It Mean for the Economy

2 months ago

Recent data shows a significant decline in container shipping volumes in the United States, raising concerns about the country’s economy. In August, volumes processed by the largest ports fell by 17% compared to the same period last year. This decline comes amid ongoing downturns in international trade and increasing market instability.

Container Carriers Experience Record Profits Amid High Demand and Rising Rates

3 months ago

A recent boom in container shipping has led to a significant increase in profits for companies in this sector. According to the latest reports, profits for some of the largest container carriers reached record levels in the second quarter due to unprecedented shipping volumes and increased rates. Amid ongoing global container shortages and heightened demand for goods delivery, carriers have managed to significantly raise their service charges.

Maersk Embraces Green Shipping with Methanol-Powered Fleet

3 months ago

As part of its efforts to green its operations, Danish shipping giant Maersk recently announced an ambitious project to develop a fleet of methanol-powered vessels. This initiative towards cleaner fuels comes as a response to the increasing pressure from the industry and global regulations to reduce carbon emissions.

China Strengthens Its Position in Global Maritime Trade

3 months ago

A recent report demonstrates that China continues to strengthen its position in maritime trade, significantly impacting global supply chains. Important statistics indicate that a substantial portion of the world's freight transport is handled by China, raising concerns among many countries reliant on Chinese imports. This influence is evident not only in cargo volumes but also in logistics efficiency and transport routes.

Global Ports Face Challenges in Shipping Trade

3 months ago

In recent years, global trade and shipping have encountered a number of significant changes and difficulties. The shipping market has shown its vulnerability to economic and geopolitical shifts. These changes significantly impact the operations and infrastructure of ports, which in turn affects global supply chains.