Global trade in both goods and services is poised to achieve an unprecedented $33 trillion in 2024, marking a substantial $1 trillion increase and 3.3% annual growth despite persistent challenges,...
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Containership Transits of Suez Canal Hit 2024 High, But Big Ships Avoid the Route
The Suez Canal recorded its highest containership traffic for 2024 last week, with 54 vessels traversing the waterway in both directions, according to liner industry analyst Alphaliner.The milestone comes amid...
Amazon, IKEA Join Other Ocean Cargo Shippers to Boost Demand for New Green Fuels
Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in January to move their cargo on...
Longer Voyages, Happier Crews? The Unexpected Benefit of Red Sea Diversions
Longer voyages around the Cape of Good Hope have provided unexpected benefits to seafarers on the front lines of global trade.The Mission to Seafarers’ latest Seafarer Happiness Index report reveals a modest...
Google’s Landmark Nuclear Power Deal Signals New Energy Era, Echoes in Maritime Industry
In a move that underscores the growing momentum behind advanced nuclear technologies, Alphabet’s Google announced a groundbreaking agreement on Monday to purchase power from multiple small modular reactors (SMRs). This corporate deal,...