High profile decisions at July’s Marine Environment Protection Committee will accelerate the International Maritime Organization’s decarbonisation ambitions for shipping, but a proposal of apparently smaller consequence could lay down a data marker for global emissions trading writes Eleni Polych...

Barring the pandemic bonanza years, box rates on the transpacific are soaring to highs not seen since 2012 for this time of year, a testament to carriers’ tight capacity discipline amid what some are labelling as a disappointing peak season.

After two years of intense negotiations, the EU has agreed on the final rules for climate-neutral shipping, with the adoption of the so-called FuelEU Maritime initiative.

Black Sea shipping has descended into dangerous chaos not experienced since the early months of the war in Ukraine. Russia announced that all ships travelling to Ukraine’s Black Sea ports will be considered potential military targets, as Kyiv said it would set up a temporary shipping route to con...

Emboldened with greater powers since the introduction of the Ocean Shipping Reform Act last year the Federal Maritime Commission (FMC) in Washington DC has unveiled proposed changes in rule making for carriers attempting to turn away cargoes.

More containers are on the waters of the Pacific heading for the west coast of North America than at any time this year, just as labour strife makes their smooth arrival uncertain. Outbound transpacific cargo movements spiked to their highest level in six months in May, according to the Japan Ma...

“We could not have predicted exactly when the water shortage would occur to the degree that we are experiencing now.” A stark warning yesterday from Ricaurte Vásquez Morales, the administrator of the Panama Canal on the worsening drought creating traffic issues for ships transiting the Central Am...

The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers dived by 27.5%, according to the index developed by freight rate platform Xeneta.

Hong Kong-headquartered blockchain platform Global Shipping Business Network (GSBN) has welcomed Ocean Network Express (ONE) as its latest member, joining founders such as COSCO, OOCL and Hapag-Lloyd as well as port companies including PSA and SIPG.

According to Niels Rasmussen, the Shanghai Containerized Freight Index and the China Containerized Freight Index have dropped by respectively 81% and 72% since January last year. Yet, they remain higher than in 2019 despite a worsening supply/demand balance.