Suardiaz Group celebrated its 75th anniversary at its Seville office, reflecting on a history filled with adaptability and triumph over challenges in the maritime, breakbulk, project cargo, and logistics sectors.
maritime industry
4 posts
In the wake of economic challenges and environmental concerns, the shipping industry has found itself weathering turbulent waters. The adoption of "slow steaming," a practice of intentionally reducing vessel speed to cut fuel costs, has become a lifebuoy for companies and shipowners facing the storms of financial recession, emission control schemes, and escalating fuel prices.
PFN Exclusive Member for Pakistan, STAR Shipping Pakistan has accomplished the flawless handling of the Warsak Hydro Project Break Bulk Cargo delivery in September 2023. The logistical intricacies of this project were navigated with finesse, showcasing STAR Shipping Pakistan's commitment to excellence in maritime, breakbulk, project cargo, and logistics services.
As we delve into September, the maritime industry is gearing up for a dynamic period with shifting tides in international shipping. August ushered in a seasonal surge in freight rates, aligning with the pre-Q4 demand peak in Western economies, driven primarily by the impending Christmas season. While this retail-driven demand boost has energized various ocean freight sectors, such as dry bulk, the third quarter of 2023 has left many stakeholders feeling uncertain about pricing.