ECB can cut rates and should rethink how it sets policy, Wunsch says
The European Central Bank can press ahead with interest rate cuts this year but needs to rethink how it forecasts…
China Trounces Korea Taking Three-Quarters of Shipbuilding Orders in April
The competition for new orders in the shipbuilding market continues to grow with Chinese shipyards pulling dramatically ahead of the…
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…
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…
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…
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…