When South Korea asks Gulf nations for stable supplies and the safety of Korean vessels near the Strait of Hormuz, it is doing more than routine diplomacy. It is signaling that the Middle East crisis has moved from being a distant strategic concern to a live vulnerability for an industrial economy that depends on predictable flows of oil, LNG, feedstocks, and shipping access. … [Read more...] about South Korea’s Gulf Diplomacy Is Really an Energy Security Stress Test
shipping
Have Container Shipping Rates Reached Bottom?
It is difficult to predict if container shipping rates have reached bottom. Shipping rates are influenced by a variety of factors, including demand, supply, fuel costs, and economic conditions, and can fluctuate over time. In recent years, container shipping rates have experienced significant volatility. In some periods, rates have been relatively high, while in other … [Read more...] about Have Container Shipping Rates Reached Bottom?
Too many containers
The global shipping industry is currently facing a new problem – a surplus of containers. This excess of containers is a result of the COVID-19 pandemic, which has disrupted global trade and caused a slowdown in shipping. One of the main causes of the surplus of containers is the decrease in demand for international trade. As countries around the world went into lockdown to … [Read more...] about Too many containers
Maritime transport accounts for about 14% of European total annual greenhouse gas emissions
Maritime transport plays a significant role in the global economy, but it is also a significant contributor to greenhouse gas emissions. According to the European Environment Agency, maritime transport accounts for about 14% of total annual greenhouse gas emissions in Europe. Greenhouse gas emissions from maritime transport come from the burning of fossil fuels, such as … [Read more...] about Maritime transport accounts for about 14% of European total annual greenhouse gas emissions
Maersk lifts 2022 guidance
Maersk lifts 2022 guidance as congested supply chain boosts rates https://t.co/I6V1w3W3ls pic.twitter.com/MUsdmsTMYh— Reuters Business (@ReutersBiz) August 2, 2022 … [Read more...] about Maersk lifts 2022 guidance
Indian company Adani Ports won the tender for privatization of the Port of Haifa in Israel
Delighted to win the tender for privatization of the Port of Haifa in Israel with our partner Gadot. Immense strategic and historical significance for both nations! Proud to be in Haifa, where Indians led, in 1918, one of the greatest cavalry charges in military history! pic.twitter.com/Bc1xbe8Olc— Gautam Adani (@gautam_adani) July 14, 2022 … [Read more...] about Indian company Adani Ports won the tender for privatization of the Port of Haifa in Israel
The maritime shipping industry is set for another rough summer
The peak shipping season is hitting in the middle of one of the worst hurricane seasons in memory and economy downturn. Fares are already on the rise and new rules enacted by the International Maritime Organization threaten to slow the industry even more. The problems are acute for the smaller merchant fleet and will require immediate solutions to the coming crisis. After … [Read more...] about The maritime shipping industry is set for another rough summer