Industry News

BIMCO ‘s ’25 by 25 pledge’: Fast-tracking digitalisation, enhancing efficiency, and minimizing risks for bulk sector shippers.

Peel Ports Group expands eastward, acquiring HES Humber Bulk Terminal. The move boosts their UK presence, promising efficiency and sector growth.

Baltic Exchange’s sea freight index hits 3-year low, impacted by weaker rates across all vessel categories, signaling potential economic challenges.

Post-holiday shipping markets struggle with lower rates and excessive tonnage across all basins, prompting a bearish outlook until Lunar New Year.

UNCTAD’s “Review of Maritime Transport 2022” urges increased investment in maritime supply chains to address the transition to low-carbon energy.