market analysis

Asia Pacific Maritime Analytics Market Set to Grow at 14.1% CAGR

Credits: Pixabay/Pexels
Market’s estimated value

The Asia Pacific maritime analytics market is projected to experience significant growth, with an annual growth rate of 14.1% over the period of 2023-2032. The market’s total addressable value is estimated to reach $8,505.6 million. This growth is primarily driven by factors such as the increasing popularity of marine tourism, the digitalization of the shipping industry, and the advantages offered by advanced digital analytics, including cost...

https://mfame.guru/asia-pacific-maritime-analytics-market-set-to-grow-at-14-1-cagr/

Peak season analysis and strategy

Shippers continue to face pandemic-related headwinds as they enter the 2021 peak season. Severely strained capacity and elevated rates have created a challenging environment for shippers, in part, due to the increased level of spending and ongoing consumer shift toward e-commerce. Carrier network imbalances and capacity fragmentation have made the capacity available less accessible. While these trends existed before COVID-19, the pandemic only accelerated these challenges and behavior changes.

Wi...

https://www.freightwaves.com/news/peak-season-analysis-and-strategy

SAL MARKETWATCH: dry bulk shipping sector rallies, providing relief to owners and operators

Pictured: the 403,627 DWT capesize bulker, Sea Espirito Santo (IMO 9575462) receives assistance from tugs.
Photo credit: Marcus Dall via Unsplash.

Increasing demand for the carriage of dry bulk overtakes shipping supply in dry markets causing, as any armchair economist could predict, rising freight rates. But it’s not a super-surge by any means...

Only a few brave souls would have predicted a late-mid-year dry bulk rally – a time of year when dry bulk rates are historically weaker.

But here we are.

https://www.shippingaustralia.com.au/sal-marketwatch-dry-bulk-shipping-sector-rallies-providing-relief-to-owners-and-operators/

Losses Piling For Shipping Industry Due To Coronavirus Outbreak

  • Coronavirus has resulted in unprecedented measures and declines in rates across all shipping segments.
  • Due to shutdown, commodity demand has slumped with  many declaring  force majeure on contractual LNG imports.
  • Seasonality issues combined with coronavirus uncertainty has impacted the GDP.
  • The shipping index is down 30% year to date, Capital Link Maritime Index is down 24% year to date.
  • Labor shortage is causing delays for both newbuildings and scrubber installations.
  • Brent crude oil has...

http://mfame.guru/losses-piling-for-shipping-industry-due-to-coronavirus-outbreak/