Strength in the fundamentals of the tanker market are seen in the coming year as the sector continues to benefit from geopolitical turbulence and resulting disruption.
The attacks on shipping in the Red Sea have sharply driven up rates as vessels divert by the Cape of Good Hope attracting the interest of stock investors in listed container lines, although the situation remains extremely fluid.
Spot container freight rates from Asia – Europe have more than doubled over the last two weeks as lines divert via the Cape of Good Hope to avoid attacks in the Red Sea.
AD Ports Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for $110 million.
Container shipping is under pressure from large amounts of new capacity coming into the fleet, however, events in the Red Sea are boosting spot rates at least in the short-term.
As the Isle of Man registry celebrates the Berge Olympus as the most powerful sailing ship in the world the focus on wind power could swing the maritime industry behind a technological renaissance.
French firm Louis Dreyfus Armateurs and its subsidiary LD Seaplane has ordered three wind-assisted ro-ros from CSSC Wuchang Shipbuilding for use by Airbus.
