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News
Long-term ocean freight rates hit two-year low just as record new levels of ships enter the market and overcapacity adds further pressure
Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®)…
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Emissions regulations drive innovation in low-carbon technologies
Erma First Flexcap on a ship propeller (source: Erma First) 31 Jul 2023by Riviera News As the industry’s decarbonisation…
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Issue 125
“We look forward to continuing our engagement with the IMO as the implementation of the revised GHG strategy gradually unfolds.“…
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Low Rhine River Water Level is Taking its Toll in Ship Traffic
The low water level of one of the main fuel distributions artery, the Rhine River, is causing significant disruption. In…
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Dry Bulk Market: Capesize Segment Edged Higher This Week
Capesize After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of…
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Drewry: Container Equity Index Up 10.4% in July
Container shipping equities have started recovering after significant declines in 2Q23, anticipating an uptick in demand with the peak season’s…
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Dry Bulk Market: Japan’s Iron Ore Demand Keeps Retreating
Iron ore demand from Japan have been steadily falling over the past few years, even before the pandemic and so…
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INTERCARGO warns against complacency as liquefaction remains greatest contributor to deaths in dry bulk sector
Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the…
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Economic Resilience Tempered By Persistent Challenges
The International Monetary Fund’s (IMF) latest World Economic Outlook (WEO) update in July paints a picture of near-term resilience amid…
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Maersk-backed SunGas Renewables to build US$2Bn green methanol plant
Maersk and SunGas agreed the LoI covering the production of green methanol from multiple facilities to be developed by SunGas…
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