Container reliability worsened in June

Schedule reliability continues to worsen for container vessels, and delays in 2021 have generally been the worst so far compared to previous years, writes Sea-Intelligence.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Shipping faces critical shortfall of officers

Ship officers are in short supply in the global shipping industry. By 2026, shipping will see a shortage of 90,000 trained officers, warn Bimco and ICS in a new report on employment at sea.

Ardmore hopes for low growth in the number of new product tankers

The upturn in other shipping segments could turn out to be a gain for the strained tanker market due to the limited capacity at shipyards, says Ardmore, while presenting a deficit for the second quarter. The Irish product tanker carrier makes predictions for the sector.

Sea freight is expected to boost half-year revenue at DSV

Thursday, when DSV publishes its report for the first six months of 2021, air and sea freight is expected to boost the revenue in the half-year period, which has been marked by record-high container rates and unprecedented pressure in the logistics chain.

Dry bulk boom could last all the way into 2023

Surging demand from China and a historically low orderbook are driving the unprecedented upturn in the dry bulk market, which could last all the way into 2023, according to analyst firm.

Last week's top stories on ShippingWatch

Brexit is far from over for carriers, the logistics industry and small British exporters. The EU's climate proposal faces headwinds from an international shipping organization and carriers in the US. The shipping industry is on the search for alternative fuels, while the political pressure mounts.

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