Carriers have announced significant rate hikes on all Asia outbound lanes due to the increased demand and load factors coupled with equipment challenges in more ports now. These increases are expected to continue at least into the summer.
This new analysis forecasts that the maritime industry’s shift to e-fuels could generate up to four million new green jobs by 2050, doubling the current global seafarer workforce. These jobs will span renewable energy generation, hydrogen production, and e-fuel production, reflecting growth throughout the supply chain.
Germany is dependent on its ports for the smooth running of its open economic model and has benefited from globalization in recent decades when the internationalization of its value chains strengthened its competitiveness. This is why particular vigilance is required in ports such as Hamburg, where the Chinese shipping company COSCO has acquired a stake in the company operating the Tollerort terminal. Yet, with today’s hardening geopolitics, the vulnerabilities of Europe’s leading economic power are becoming apparent. Source: IFRI
The economics of green ammonia and methanol production and transport, assessed in the report, suggest there will be extensive trade in these fuels, linking low-cost production regions with key ports. The announced projects suggest there could be enough combined green methanol and ammonia to meet the International Maritime Organization’s target of 5% zero-emission fuel use by 2030.
This edition of the container market forecaster, sheds light on the unprecedented volatility in China’s container market, state of depots in China, US and Europe (survey results), and container price trends across transhipment ports worldwide. Overall, the container market is highly active in China, there is a new price every 48 hours. Source: Container xChange
As total financing costs have increased and investment opportunities are limited, cash has been used to repay debt. Shipowners have responded by utilising cash to repay debt amid higher financing costs and limited investment opportunities. Consequently, banks have faced pressure to maintain portfolio size, leading to lowered pricing and the introduction of new products. Source: Oceanis
Shipping market intelligence delivered to your inbox every Thursday!
By signing up, I agree to our TOS and Privacy Policy.
Start with a FREE 30-day trial and then save up to 22% with an annual subscription. Get instant access to over 1,500 reports. Cancel anytime.
Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info
Esteemed Partners : Design The Future
Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.
By signing up, I agree to our TOS and Privacy Policy.
SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!