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
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, WTO economists said in a new forecast on 10 April. The volume of world merchandise trade should increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023. However, regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial downside risks to the forecast.
The full report contains insights into: cybersecurity incidents; common findings and mitigation measures; CPT missions; emerging technologies; and threat actor profiles. Detailed summaries and mitigation measures can also be found in the report. These measures support a variety of operational areas and technologies.
This quarterly publication informs about the shipbreaking industry in Bangladesh, India and Pakistan. Source: NGO Shipbreaking Platform
What is the supply potential for low-carbon and renewable fuels for the shipping sector in Germany? This market potential study analyses how bunker sales of low-carbon and renewable fuels could develop in German seaports and inland ports. In addition to the bunker volumes of alternative fuels to be made available in the future, the study also focused on the number and size of bunker vessels required to cover the potential demand in Germany and an estimate of the costs arising from the construction of these vessels.
The average leasing rates from Shanghai to Los Angeles for 40 ft high cube containers increased by 67% from $703 in Q4 2023 (Oct-Dec) to $1173 in Q1 2024 (Jan-Mar). China to Canada leasing rates rise by 64% in March from February. Ningbo to Oakland routes’ rates surged by 92% in one month (from February to March 2024). Stay elevated so far in April (after declining from $1963 in March to $1503 so far in April, as on 22 April 2024). Source: Container xChange
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