Industry News

28 03 , 2024

Maersk Container Ship Causes Bridge Collapse, Resulting in Severe Damage and Loss of Life - Previously Visited Multiple Domestic Ports

Around 1:30 AM Eastern Time, the “DALI,” a large container ship chartered by Maersk, spiraled out of control shortly after departing from the Port of Baltimore, striking the Francis Scott Key Bridge...

25 03 , 2024

Significant Decline in Red Sea Cargo Volumes Amid Vessel Attacks

“In the initial septet of weeks of 2024, the volume of cargo traversing to and from the ports nestled along the Gulf of Aden and the Red Sea witnessed a 21% year-over-year diminution. The influx of v...

12 03 , 2024

Red Sea Crisis Less Severe Than Covid-19, Anticipated Challenges in 2025

The repercussions of the Red Sea crisis pale in comparison to the Covid-19 pandemic, yet the increase in TEU-miles has been noteworthy. Clarksons' most recent edition of the Container Intelligenc...

01 12 , 2023

2023 Shipping Industry Trends and Overview of Shipping in 2024

In 2024, the maritime industry will grapple with diminished demand and oversupply, potentially instigating intense competition, diminished profits, and plausible mergers and acquisitions. While contai...

30 11 , 2023

Container ships now severely affected by Panama Canal transit restrictions

Our attention has turned to the shipping containers, who are currently navigating with some difficulty through the Panama Canal, as the number of transit slots for such vessels is set to diminish from...

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