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Most manufactured goods such as clothing and footwear are shipped in containers, each a standard size of 8 ft wide by 8 ft 6 inches high and 20 ft or 40

Shipping prices may be heading higher but are ‘not super yet,’ analysts say Shipping rates may be rising, but they are “not super yet,” according to one analyst. Dry bulk shipping rates surged this year as the global economy bounced back and commodity demand recovered, but some market watchers say the industry may not be headed for a sustained period of robust growth just yet. “Is it a supercycle? Well, I would say not yet, but it has the potential to become one,” said Mark Williams, managing director of Shipping Strategy, a maritime consultancy. A so-called supercycle refers to a...

Baltic Dry Index to Push Through 4,000 points? Commodity markets were shaken over the weekend when news got out about the Chinese government warning “speculators” and “hoarders” in commodity markets about price fixing activities. But let’s be clear, the Chinese authority, the National Development and Reform Commission, has been making vague accusations and threats, rather than identifying instances of malpractice. In this press release (https://www.ndrc.gov.cn/xwdt/xwfb/202105/t20210524_1280583.html) of 24 May, China’s National Development and Reform Commission, notes that, “sin...

brought to you by Seatrade Maritime Middle East Virtual 2020 concludes day one with an emphasis on sustainability, digitalisation and innovation in the industry The event witnessed a huge turnout and strong support from industry players across the region. Seatrade Maritime Middle East Virtual 2020 (SMMEV), the region’s leading event in the shipping industry, commenced virtually yesterday. The event that will wrap up on December 16, has a successful first day with insightful discussions and significant support from key leaders in the industry from the Middle East and around the g...

Mark Williams, Managing Director of Shipping Strategy, said, “The demand for drilled offshore oil and gas will fall, but the demand for offshore wind, solar, and hydrogen production is in its infancy, and that will grow significantly over the next 30 years, and that is the big opportunity.” Other panellists on the “How should the offshore and maritime industries prepare for the global energy transition?” Seatrade Maritime Club session agreed. Martin Helweg, Chief Executive Officer of P&O Maritime Logistics, said: “We’ll see  very good growth in the renewables sector. which I thin...