Wages for Chinese seafarers have continued to soar on the back of demand for crew onboard newbuildings, while repatriation at the end of contracts has turned into a difficult and costly challenge.
China maintained its position as the world’s leading shipbuilding nation in 2021, according to the statistics released by China Association of the National Shipbuilding Industry (CANSI).
The Singapore Straits accounted for over half of all piracy and armed robbery incidents against ships in 2021, according to the ReCAAP Information Sharing Centre (ISC).
Ningbo-Zhoushan port posted a cargo throughput of 1.22bn tons in 2021, an increase of 4.4% year-on-year, retaining the crown of the world’s top cargo handling port for the 13th consecutive year.
Singapore retains its position as the world’s second busiest container port and again ranks top in as the top maritime city in the world by a Norwegian report.
Costs for shipping goods by container will be higher in 2022 than ever before, even if spot rates soften, according to Xeneta chief analyst, Peter Sand.