+
Global sea transport heads for 5.1% leap post 2010
PORTS & SHIPPING

Global sea transport heads for 5.1% leap post 2010

Global sea transport has surged, experiencing its largest annual increase since 2010, largely due to geopolitical disruptions and attacks in the Red Sea. Ships are rerouting to avoid conflict zones, significantly impacting carbon emissions. According to Clarksons Research, shipping activity measured in ton miles?a metric that multiplies the volume of cargo transported by the distance it sails?is set for a 5.1% increase compared to 2023, amounting to 3.2 trillion ton miles. This marks the second-largest annual rise on record.

The primary reason for this surge is the necessity for vessels to travel thousands of miles around the Horn of Africa to avoid the Red Sea and Gulf of Aden, where Yemen?s Houthi rebels have intensified attacks on ships, including sinking a vessel using a sea drone. These geopolitical disruptions have particularly affected container shipping, with about 690 ships currently rerouting around the Cape of Good Hope.

Additionally, an encouraging start to the year in terms of trade volumes has contributed to the increase in ton miles, indicating that the surge isn't solely due to longer journeys. Average seaborne trade hauls are expected to rise by 2.8% this year compared to 1.8% last year. The combination of longer distances and increased trade volumes is driving this significant growth in global sea transport. (Source:ET)

Global sea transport has surged, experiencing its largest annual increase since 2010, largely due to geopolitical disruptions and attacks in the Red Sea. Ships are rerouting to avoid conflict zones, significantly impacting carbon emissions. According to Clarksons Research, shipping activity measured in ton miles?a metric that multiplies the volume of cargo transported by the distance it sails?is set for a 5.1% increase compared to 2023, amounting to 3.2 trillion ton miles. This marks the second-largest annual rise on record. The primary reason for this surge is the necessity for vessels to travel thousands of miles around the Horn of Africa to avoid the Red Sea and Gulf of Aden, where Yemen?s Houthi rebels have intensified attacks on ships, including sinking a vessel using a sea drone. These geopolitical disruptions have particularly affected container shipping, with about 690 ships currently rerouting around the Cape of Good Hope. Additionally, an encouraging start to the year in terms of trade volumes has contributed to the increase in ton miles, indicating that the surge isn't solely due to longer journeys. Average seaborne trade hauls are expected to rise by 2.8% this year compared to 1.8% last year. The combination of longer distances and increased trade volumes is driving this significant growth in global sea transport. (Source:ET)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code