Industry
Port Congestion Absorbs 2.3m TEU as Container Fleet Faces a Suez Reset
Delays have rendered 6.6% of the containership fleet effectively unavailable, masking a tonnage release that a full return to Suez would turn into an 8.7% contraction in head-haul demand.
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Port activity
Asian ports need $12bn a year to keep pace with trade growth
Asian ports and shipping will require investment of around 12 billion dollars a year to handle projected trade growth and to begin the shift to alternative fuels, according to new World Bank analysis.
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Industry
Piracy and armed robbery in Asia fall to their lowest first half since 2019
Reported piracy and armed robbery against ships in Asia fell to its lowest first-half level since 2019.
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