Red Sea crisis propels OOCL first-quarter revenue
Results come as Red Sea blockade helped to absorb substantial available box shipping capacity, thereby shoring up freight markets
Source: lloydslist.com
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China-run Hambantota port starts box business
Move expected to ease congestion at compatriot Colombo, which is widely used by major carriers to connect European cargo to the Middle East Gulf via feeders after Red Sea disruption
Source: lloydslist.com
IMB report shows Somali piracy spike
Piracy levels in the Gulf of Guinea continue to decline, while ‘opportunistic’ crime in the Singapore Strait could have unintended consequences, according to a report
Source: lloydslist.com
Main lane rates dip again as shippers look to contracts
With only weeks to go before the May contracts start on the transpacific, indications are that carriers will reach break-even at best with larger customers
Source: lloydslist.com
Tanker tonne-miles at record levels in 2024, says IEA
Positive demand signals for tankers sees global oil demand trimmed by Paris-based energy agency to 103.2m barrels per day in 2024
Source: lloydslist.com