UK & Germany heading for a recession?
Uncertain growth prospects for the global economy. Growth is expected to decline overall from 3.4% in 2022 to 2.8 % in 2023, before settling at 3.0 % in 2024. Leading...
Container market floundering
in freight rates, +42% in June compared to a year ago and +213% compared to June 2019. This is a record high. This time long-term contracts are boosting the rates...
Congestion, carriers forced to skip ports
Carriers are forced to skip an increasing number of ports in order to respect sailing schedules or limit the delays accumulated over the last few months due to the well-known...
Sell and Purchase, business down
Selling and purchasing operations in the boxship market slumped dramatically in the third quarter, although prices generally remain high, according to Alphaliner in its latest report. Only 103 ships, totaling...
Piracy on the increase in Asia
more compared to the previous year. Other incidents were recorded in Bangladesh (five attacks); Malaysia (two cases) and the China Sea (one incident). In contrast, the Philippines and Indonesia had...
Waste is a very precious resource
Accelerating ecological transition by transforming organic waste into vessel fuel. This is what prompted NYK Line to sign a strategic agreement with LPG Astomos Energy and the recycling company Sustainable...
USA, 703 million dollars for ports
The US Department of Transportation has decided to allocate millions of dollars for ports and port infrastructure. 41 projects, worth a total of 703 million dollars, are to be financed....
Port of Los Angeles floundering
about inflation and high inventory levels have led some retailers and e-commerce vendors more cautious. A total of 404 thousand TEU were imported (-17%). Twenty-foot containers being exported amounted to...