Container ship deliveries hit new YTD record of 1m TEU
In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another…
Baltic Exchange Information Services Limited (BEISL) publishes the reports following two independent audits conducted by PricewaterhouseCoopers LLP (PwC) for dry bulk and container box indices
PricewaterhouseCoopers LLP (PwC) has concluded two independent assurance engagements on the suitability of the design and operating effectiveness of controls…
Peloton slams Flexport over ‘millions’ in D&D charges in FMC complaint
The exercise equipment maker alleged in a complaint to the Federal Maritime Commission that the forwarder failed to meet its…
Strong consumer spending drives another import upgrade from US retailers
The National Retail Federation has once again increased its forecast for imports into the 2024 peak shipping season, saying consumer…
MPV carrier Intermarine broadens focus to bulk shipping
The Houston-based company expands to 30 vessels as it takes on management of six Harren Group bulkers and adds two…
Video: Philippine and US Forces Sink Tanker in S. China Sea Exercise
On Wednesday, forces from the U.S., Australia and the Philippines sank a decommissioned product tanker to test out their equipment…
Container Fleet Adds Record Capacity as Orders Become Deliveries
The global containership fleet continues to experience record capacity growth in the number of TEU capacity added to the fleet…
Russia warns of ‘enormous danger’ if NATO sends troops to Ukraine
Russia said on Wednesday that sendingNATO troops intoUkraine would potentially be extremely dangerous, and Moscow was closely watchinga Ukrainian petition…
Morgan Stanley pushes Fed rate cut expectation to September from July
Morgan Stanley said it now expects the U.S. Federal Reserve to start lowering interest rates from September, compared to its…
German economy likely to stagnate in 2024, IW forecasts
Germany’s economy will stagnate in 2024 despite a stronger than expected start to the year, and will continue to lag…