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Houthis/Somali pirates attack 13% of global seaborne trade
19 March 2024 11:47 AM GMTIn the first three weeks of March, the number of ships transiting through the Suez Canal was down 51% YoY
Ships above 12,000 TEU drive 100% increase in average ship size
14 March 2024 10:40 AM GMTAverage container ship could be larger than 5,000 TEU at the end of 2025: BIMCO
Cargo volumes in Red Sea area drop 21% due to attacks on ships
27 Feb 2024 1:00 PM GMTContainer ship transits are down by 70% through the Gulf of Aden and the Suez Canal, says BIMCO
Container market grows a modest 0.2% y/y in 2023 as fleet swells
7 Feb 2024 12:47 PM GMTContainer fleet capacity in 2023 increased 8% from 2022 and 21% from 2019
Record deliveries could push container fleet above 30mn TEU in 2024
10 Jan 2024 1:47 PM GMTAnother 83 ships larger than 15,000 TEU expected to be delivered in 2024, doubling capacity in just four years
U.S. Navy to "secure" Red Sea passage, uncertainty increases
19 Dec 2023 6:53 AM GMT~920,000 TEUs have diverted south of Africa & another ~1,002,000 are delayed in Suez area: Anders Schulze, Flexport
Container freight rates fall to 2019 levels while costs remain high
7 Dec 2023 11:33 AM GMTContainer volumes have fallen 2% compared to 2022 and are up only 1% compared to 2019
Container ships reach highest avg age on record of 14.2 years
28 Oct 2023 9:24 AM GMTCurrently, 21% of ships in the container fleet are older than 20 years, and thereby prime candidates for recycling
Global rice shipments could fall 4% due to India’s export restrictions
1 Sep 2023 6:40 AM GMTThailand, Vietnam & Pakistan have increased exports but this has not been enough to substitute India’s reduction: BIMCO
Record high deliveries boost container fleet capacity by 4.3%: BIMCO
11 Aug 2023 5:33 AM GMTDeliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU
IMO adopts revised GHG reduction strategy for global shipping
7 July 2023 12:20 PM GMTRevised strategy includes enhanced common ambition to reach net-zero GHG emissions close to 2050
Over 15,000 ships could be recycled by 2032: BIMCO
17 May 2023 11:28 AM GMTHistorically, about 50% capacity has been recycled by the time the ships have been 25 years old and 90% by 30-35 years