global maritime

Xeneta finds supply chain diversions fuel spike in carbon emissions

New data from Xeneta reveals an eye-popping increase in emissions as a result of the Red Sea diversion. 

The Xeneta and Marine Benchmark Carbon Emissions Index (CEI) shows carbon emissions increased by 63% in Q1 2024 compared to Q4 2023 with regard to containers being shipped via ocean from the Far East to the Mediterranean. From the Far East into Northern Europe, carbon emissions increased by 23%. The index hit 107.4 points in Q1 2024 — the highest it has been since the index began in Q1 2018.

Th...

https://www.freightwaves.com/news/xeneta-finds-supply-chain-diversions-fuel-spike-in-carbon-emissions

Ship we don’t talk about — contracts edition

By Alison Cusack

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

I wrote a tweet last year that said: “I want to start an underground fight club, but the twist is I teach you how to fight the ocean carriers with cool contracts. I think I’ll call it ‘ship we don’t talk about.’”

I want to start an underground fight club, but the twist is I teach you how to fight the ocean carriers with cool contracts.

I think...

https://www.freightwaves.com/news/ship-we-dont-talk-about-contracts-edition

Tanker transits plunge 20% in Red Sea: Lloyd’s List

New data from Lloyd’s List Intelligence shows an acceleration of tankers diverting away from the Red Sea. Since Jan. 12, when the first of three U.S.-led military strikes began on Houthi land targets, more than 106 tankers have changed routes to avoid the area.

Lloyd’s List is tracking the rapid drop in transits of tankers and bulk vessels through the Gulf of Aden and the Red Sea. Lloyd’s List Intelligence vessel tracking data recorded a 40% week-on-week (w/w) drop in crude tankers transiting...

https://www.freightwaves.com/news/tanker-transits-plunge-20-in-red-sea-lloyds-list

FMC called complaint’s bluff in 1986

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FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping...

https://www.freightwaves.com/news/fmc-called-complaints-bluff-in-1986

A look into marine salvage in the ’80s

FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here.

FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

In this week’s edition from the November 1984 issue, we take a look at the tumultuous industry of marine salvage.

Marine salvage

You are informed of the emergency late on a Friday night when the rest of the...

https://www.freightwaves.com/news/a-look-into-marine-salvage-in-the-80s

Is a reduction in maritime emissions a market mirage?

The maritime industry has raised environmental concerns, mainly related to emissions.

According to reports, ocean shipping accounts for more than 80% of global trade by volume and contributes nearly 3% of the world’s total greenhouse gas output. Efforts to curb emissions in this industry have gained momentum in recent years, fueled by increasing awareness of climate change.

A December report titled “Decoding Maritime Emissions” questions whether a significant reduction in emissions is a genuine...

https://www.freightwaves.com/news/is-a-reduction-in-maritime-emissions-a-market-mirage

How maritime workers challenged controversial omnibus bill in Congress

FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

In this week’s edition from the July 1980 issue, FreightWaves looks at a controversial bill that angered maritime workers.

Shipyard workers want to kill it all

Clearly dissatisfied with the final version of the maritime omnibus bill approved by the House Merchant Marine & Fisheries Committee, most industry and labor...

https://www.freightwaves.com/news/how-maritime-workers-challenged-controversial-omnibus-bill-in-congress

How a 1979 Korean shipping decree sparked outrage from US shippers

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FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises....

https://www.freightwaves.com/news/how-a-1979-korean-shipping-decree-sparked-outrage-from-us-shippers

Oil spills changed how Americans viewed international maritime

Every week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

This article from the February 1977 issue of American Shipper demonstrates the growing concern Americans had for foreign maritime policy after numerous mishaps on sea. 

Oil spills, groundings & collisions make U.S. citizens flag conscious

A ship was a ship was a ship was a ship in the eye of most American...

https://www.freightwaves.com/news/oil-spills-changed-how-americans-viewed-international-maritime

New ship orders sink as fear of future economic crisis grows

ship construction

What will the next decade bring for the notoriously unpredictable world of ocean shipping?

The bull case is that shipyard orderbooks have fallen to multi-decade lows because owners don’t want to buy 25-year assets until they know the decarbonization rules. As regulatory risks continue to artificially constrain orders, cargo demand growth will outpace vessel supply. Rates will surge.

The counterargument is that regulatory fears are not the biggest reason orders are so low. The biggest reason is...

https://www.freightwaves.com/news/new-ship-orders-sink-as-fear-of-future-economic-crisis-grows

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