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HD Hyundai wants to revive US shipbuilding with AI, here’s what we know
The US is way behind other global players in shipbuilding and is set to face an uphill battle to catch…
Global shipping firms face headwinds as year comes to a close
A return to the Red Sea route would loosen up some 6% to 7% of the world’s shipping capacity at…
Supply chain leaders expect volatility for two more years, move to diversify sourcing
Three out of four respondents indicated they are either sourcing from, or plan to source from, multiple geographies — a…
What is the world doing to decarbonize maritime shipping?
Answer: A lot, but there are many problems in terms of alternative energy sources, willingness to invest in eco-friendly vessels,…
Global trade growth slowed, not stopped by US tariff blitz, DHL report says
The trade growth forecasts for most regions saw downward revisions following the announcement of US tariffs, with North America seeing…
Ship repair industry sees uptick as fleet ages
China — home of 17 of the world’s 20 busiest repair yards — remains the industry leader amid the boom.
Over a third of world’s shipping fleet could be hit by imminent US port fees
The fees are projected to cost the top 10 cargo carriers some USD 3.2 bn, most notably China’s Cosco
US tariffs send ocean shipping rates reeling to record lows, hurting carriers
Rates have fallen below the levels needed for carriers to break even
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