12 Dec 2023

Ammonia Powers Up: Yara Eyde Blazes Trail for Emission-Free Shipping

The world’s first clean ammonia-powered container ship, Yara Eyde, has set sail, marking a momentous leap towards emission-free shipping and a new era in the maritime industry. This groundbreaking vessel, a collaboration between Yara and partners, will navigate the clean route between Norway and Germany, demonstrating the viability of ammonia as a sustainable alternative to […]

Read More
12 Sep 2023

China’s imports from Russia surge to record high, bucking overall decline in purchases of foreign goods

  China’s imports from Russia surged to $11.5 billion in August, the highest monthly haul in over two decades, despite an overall decline in its purchases of foreign goods. The surge comes as trade between the two neighbors’ booms in the wake of Western sanctions on Russia over its invasion of Ukraine. Bilateral trade between […]

Read More
14 Jun 2023

Impact of Panama Canal Load Restrictions and US Stevedore Strikes on the Global Shipping Sector

As the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]

Read More
14 Jan 2023

Trans-Atlantic Outpaces Trans-Pacific as Most Lucrative Trade

The latest 2Q2022 findings of the Container Shipping Market Quarterly Review produced by MDS Transmodal and Global Shippers Forum (GSF), noted that average earnings per container carried had fallen for the first time since 2020. Total container carryings in the second quarter of 2022 also remained lower than the year-ago level in the same period. […]

Read More