Logistics News

Xeneta Shipping Index (XSI®): Long term rates edge up globally as Red Sea conflict continues to cast uncertainty across the market

May 2, 2024• by

Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty...

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Atlantic Dry Bulk Market Strength Likely To Wane In May On Higher Tonnage Concerns

May 2, 2024• by

Market participants in the East Coast South America region maintained a slightly bearish tone for the Atlantic Panamax dry bulk market amid concerns on...

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How the OSV shortage is sparking a digital transformation

May 2, 2024• by

A shortage of OSV vessels is a catalyst for significant digital transformation within the industry. Many OSV vessels were decommissioned or withdrawn during...

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Tanker Orders Increase 32% Year-on-Year

May 2, 2024• by

Tanker ordering levels have increased during the first few months of 2024. So far this year, 104 Tankers have been added to the global orderbook, up from 79...

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Baltic index hits over one-week high on capesize strength

May 2, 2024• by

The Baltic Exchange’s dry bulk sea freight index rose to more than a week high on Thursday, supported by gains in the larger vessel segment. The overall...

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Rushing to decarbonize, the shipping industry is exploring alternative fuels

May 2, 2024• by

… branch tasked with managing global shipping — implements new regulations … large number of huge cargo ships with electricity using … ’s first...

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A Closer Look at ZIM Integrated Shipping’s Options Market Dynamics

May 2, 2024• by

… About ZIM Integrated Shipping ZIM Integrated Shipping Services Ltd is … shipping solutions, including the transportation of out-of-gauge cargo,...

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Genco Shipping & Trading Limited Files Investor Presentation Highlighting Successful Comprehensive Value Strategy

May 2, 2024• by

… (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited … About Genco Shipping & Trading Limited Genco Shipping & … shipping routes. Our...

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Air Canada abandons plans for two Boeing 767 converted freighters

May 2, 2024• by

Air Canada has again scaled back growth plans for its startup freighter division, announcing Thursday it has canceled orders with a vendor to convert two...

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FedEx charges ahead with emission-reduction plan with 150 new EVs

May 2, 2024• by

FedEx has ordered 150 electric trucks to add to its pickup and delivery fleet in the United States in an effort to reduce carbon emissions, specialty vehicle...

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