Chemical tanker shipping freight rates are expected to remain firm over the medium term, thanks to rising production capacity in key exporting countries, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Prices for new dry freight containers declined to their lowest point since 2002 during first-quarter 2016 and are still going down, according to the latest edition of the Container Equipment Insight, published by global shipping consultancy Drewry.
Import cargo volume at the nation's major retail container ports is expected to be at some of its highest levels ever during the next few months despite a fall-off from last year's record-setting numbers, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
America will fall $1.44tr short of what it needs to spend on infrastructure through the next decade, a gap that could strip 2.5 million jobs and $4tr of gross domestic product from the economy, a report from a society of professional engineers said on Tuesday.
Disagreement among nations means no carbon emissions targets have been set for international shipping, but voices from within the industry are calling for global curbs to be set soon, before countries or regional blocs take matters into their own hands.
Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
Isn't modal shift toward the ocean, using "hibernation technology" inside sea containers, supposed to be the scourge of the perishable air cargo industry?
LNG shipowners will have to wait until 2018 for earnings to improve, when the majority of new U.S. plants are expected to come online, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.
The balance of seaborne-cargo delivery in the U.S. shifted further east in the last year, resulting in East Coast seaports making gains against their West Coast counterparts in CBRE Group Inc.'s second-annual North American Seaports and Logistics Index.
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