This Week Trends
The current scenario in the shipping market, particularly for Very Large Crude Carriers (VLCCs) and Large Range 2 (LR2) tankers, is characterized by lower ballast vessel arrivals and weak rates. This trend is particularly noticeable in the Middle East...
The use of a draft voyage planning tool which included waypoint data errors plus an ongoing technical fault with the vessel monitoring and surveillance system for the Great Barrier Reef contributed to a cargo ship’s grounding on a shoal,...
EU MRV is gaining momentum as the “D” dates are fast approaching. Recently EU MRV is widely spoken words in the shipping world or at a least majority of whose vessel regularly visit Europe, keep disquieting about it as...
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Hot Stuff Coming
EU Traders Boost Gas Flows To Ukraine Eyeing Its Storage Sites
Ukraine expects a jump in natural gas flows to the country from the European Union as traders are interested in its spare storage capacity...
Unprecedented Decline In Antarctic Sea Ice
Dr. Babula Jena and colleagues from the National Centre for Polar and Ocean Research (NCPOR) collaborated with the British Antarctic Survey to study...
Suezmax Resilience : Navigating Houthi Attacks And Shifting Dynamics
VLCC
With January closed out and February yet to really kick off, rates in the MEG remain in limbo. Each consecutive deal able to chip...
Covid Crisis Hits Global Shipping Industries
India's COVID crisis hits the global shipping industry hard, says an article on DW.
Covid hits global industries
India is one of the biggest providers of...
LATEST ARTICLES
Russia Crude Exports Edge Up as India Slows and China Rises
China imports rise as India shipments fall.
US tariffs pressure India, but oil trade continues.
India balances economic costs with political strategy.
Russia's seaborne...
US Targets Iran-Iraq Oil Blending in New Sanctions
The US imposed sanctions on a UAE-based businessman and his network for disguising Iranian oil as Iraqi to evade restrictions.
Nine Liberia-flagged tankers...
Shadow Fleet Grows to Sustain Sanctioned Oil Trade
Nearly 19% of global tanker capacity is tied to clandestine operations moving Russian, Iranian, and Venezuelan oil.
Shadow fleets—old, uninsured, and often operating...
Houthis Claim Attack on Container Ship for Alleged Israeli Ties
In a televised address on September 2, Houthi military spokesperson Brig. Gen. Yahya Saree announced that the Yemeni Armed Forces used a cruise missile...
[Watch] Tugs Race to Secure Containership After Mooring Lines Break
On August 27, 2025, a container ship named the Vincente Pinzon broke free from its moorings at the Port of Itajaí, Brazil's second-largest port....
Höegh Autoliners and Port of Gothenburg Partner for a Greener Maritime...
Höegh Autoliners has named its sixth Aurora-Class vessel, the Höegh Moonlight, in a ceremony at the Port of Gothenburg, Sweden. The vessel was sponsored...
Navigating the Future: MOL’s Strategic Expansion into Indian Shipbuilding
Mitsui O.S.K. Lines (MOL), a major Japanese shipping company, is in discussions with the Indian government and local shipyards to build vessels in India....
Weakening Fundamentals Pressure Capesize and Panamax Rates
The dry bulk shipping market has softened across most segments this week, with Capesize and Panamax vessels facing downward pressure due to cautious sentiment,...
Tanker Market Rallies As VLCC and Suezmax Rates Surge Amid Tight...
The global tanker market is experiencing a significant surge in rates across all segments, driven by high demand and tightening vessel supply. The market...
Russian Diesel Exports Drop 6% In August Amid Drone Strikes On...
Russia’s seaborne diesel and gasoil exports fell by 6% in August to around 3.1 million metric tons as intensified Ukrainian drone strikes disrupted production....