Indian Transport & Logistics

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Container market grows a modest 0.2% y/y in 2023 as fleet swells

7 Feb 2024 12:47 PM GMT
Container 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 GMT
Another 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 GMT
Container 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 GMT
Currently, 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 GMT
Thailand, 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 GMT
Deliveries 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 GMT
Revised 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 GMT
Historically, about 50% capacity has been recycled by the time the ships have been 25 years old and 90% by 30-35 years

Order book of 7.54mn TEUs signals significant change: BIMCO

13 April 2023 10:26 AM GMT
Scheduled deliveries for 2024 and the remainder of 2023 are currently at 5.03 million TEUs

Dry bulk exports from Ukraine down 78% in one year

24 Feb 2023 3:30 AM GMT
Ukraine’s sea ports were under a blockade until the end of July 2022 when the Black Sea Grain deal was signed

Record 112mn tonnes Indian wheat harvest may not help global supplies

8 Feb 2023 2:57 PM GMT
Indian government struggled last year to combat high domestic wheat prices and securing local food availability
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