As a meeting of the International Maritime Organization’s (IMO) Pollution Prevention and Response sub-committee (PPR 12) closes today in London, the Clean Arctic Alliance welcomed the broad support from...
Atlantic Basin motor fuel (gasoline, diesel) arrivals fell for the fifth consecutive month in January 2025 to 8.5mbd. Despite steep declines in the Wider Med, Wider Northwest Europe and...
Meager earnings for crude tankers, rather than uncertainty about decarbonization options, are weighing on fleet renewal, but potential increases in long-haul demand present some green shoots, the CEO of...
Today, the Neoliner Origin – the world’s largest cargo ship to be powered primarily by sails – left its slipway at the RMK Marine shipyard in Tuzla, Turkey, to...
Capesize The Capesize market faced a subdued week, with the BCI 5TC steadily declining from $7,946 on Monday to reach $6,977 by Thursday. However, a modest recovery towards the...
The recent wildfire in Los Angeles is expected to drive up import demand for bulk and breakbulk commodities in the US, while export numbers could decline. Rebuilding the region...
Rates for shipping containers from east Asia and China to the US ticked slightly lower this week, while global average rates dropped by 2% as the Lunar New Year...
Clean LR2 The MEG LR2’s continued their downward trajectory this week, a fall of WS11.11 pushed the TC1 75kt MEG/Japan route to WS126.39, then looking West the TC20 90kt...
The Suez Canal Authority has urged shipping companies to resume using the key Egyptian waterway connecting Asia and Europe, citing receding safety concerns amid a halt to Yemen-based Houthi...
Middle East ceasefire and Lunar New Year will see ocean container freight rates fall further in February – with carriers now taking action to slow the market decline. Latest...
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