This Week Trends
Clean
LR2
MEG LR2’s have been tested down this week off the back of an abundance of available tonnage. Subsequently TC1 again dropped below WS100, dipping 11.67 points to WS88.61. TC20 has similarly come off $81,250 to $2,775,000.
West of Suez, Mediterranean/East...
UN International Maritime Organization (IMO) negotiations, kicking off June 26 in London, UK, could either set the course for a comprehensive global climate plan for the shipping industry or derail the Paris Agreement to limit a global temperature increase...
Lloyd’s Register (LR) and HD Hyundai MIPO Dockyard (HMD) have entered into a strategic partnership to revolutionize the manufacturing of Type C tanks through digital innovation. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to develop a...
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Hot Stuff Coming
Resorts World Restarts Genting Cruises From Singapore
A recent news article published in the Maritime Executive states that Resorts World Restarts Former Genting Cruises from Singapore.
Restarting operations next month as Resorts...
Novel Retrofitting of 10,000 TEU LNG-fuelled Containership
Riviera whitepaper reports of an IMO type C tank and FGSS solution for a retrofitted 10,000 TEU LNG-fuelled container ship.
Retrofit for LNG fuel
LNG is...
Rate of Low Sulphur Surcharge Announcement (LSS)
The Low Sulphur Surcharge (LSS), which Maersk has assessed, will go into effect on April 1st, 2023
The LSS tariffs have been calculated using the...
Titan And 123Carbon Inset Carbon to Advance Clean Fuel Transition
Titan and 123Carbon partner on carbon insetting to progress clean fuel transition, highlights a Titan CleanFuels news source.
Independent clean fuel supplier and 123Carbon
Amsterdam, Netherlands:...
LATEST ARTICLES
Port of Long Beach Marks Busiest July in History
Cargo volume hits 944,232 TEUs, third-highest month ever.
Imports rise 7.6% while exports drop 12.9%.
Empty container movements increase 12.3%.
A recent pause in...
Panama Imposes First-Ever STS Hydrocarbon Tracking Rule
New rule requires 48-hour advance notification for Panamanian-flagged oil vessels.
Non-compliance may lead to ship deregistration, warns the DGMM resolution.
Reporting obligations cover...
Fourth Sanctioned LNG Tanker Arrives Near Russia’s Arctic LNG 2 Facility
Fourth sanctioned LNG tanker reaches Russia’s Arctic export plant.
Christophe de Margerie was spotted near the Utrenniy terminal of Arctic LNG 2.
US...
LNG Steady While LPG Surges on Panama Canal Delays
LNG timecharter rates soften slightly across all terms.
LPG market surges on Neo Panama Canal congestion fears.
Ras Tanura–Chiba LPG rates climb on...
ABS Certifies HD KSOE and HD HHI MVDC Ship Power System
Breakerless MVDC becomes first to receive ABS NTQ.
ABS highlights collaboration for next-gen vessel tech.
HD KSOE targets zero-carbon electric propulsion leadership.
ABS reports...
SWS Reaches 600th Vessel Milestone with Delivery of GRANDE TIANJIN
Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) has reached its 600th vessel delivery, marking a major milestone in China’s shipbuilding progress.
Over 26 years,...
China Launches First High-Tech Carrier Rocket Maritime Recovery Vessel
China has launched the Xingji Guihang, its first carrier rocket maritime recovery vessel and the world’s fifth of its kind.
The 100-meter-long vessel...
Ningbo Freight Index Dips to Europe, Surges to Middle East
The Ningbo Containerised Freight Index (NCFI), which reflects weekly fluctuations in freight rates for standard containers departing from Ningbo to key global markets, recorded...
Baltic Exchange: Global Container Rates Take a Sharp Downturn
In Week 32 of 2025, global container freight rates experienced a significant decline, with the Baltic Exchange Freight Index (FBX) falling by $213, or 9%...
Global Container Shipping Faces Ongoing Pressure Amid Capacity Imbalances
Global container shipping remains under pressure due to trade policy shifts, changing demand patterns, and capacity imbalances.
Between Week 33 and Week 37,...