Dry Bulk Markets Mixed as Capesize Firms While Smaller Segments Remain Under Pressure
Capesize rates firm on strong Atlantic demand and stable Pacific support
Panamax market remains charterer-led but shows signs of nearing a base
Supramax and Handysize segments stay under pressure amid seasonal slowdown
Year-end...
Tanker Markets Seek Direction as Year-End Fixing Pressures Build
VLCC market shows mixed signals amid year-end rate negotiations and limited January fixing
Suezmax rates firm as West Africa January volumes begin to clear amid tight tonnage
Atlantic weather disruptions add uncertainty to...
[Watch] Crazy Power Needed to Move World’s Largest Containerships
This video from Fluctus provides an in-depth look at the engineering marvels behind massive container ships and the power required to move them.
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Port of LA Poised for Third-Best Cargo Year Despite Tariff Headwinds
The Port of Los Angeles processed 782,249 Twenty-Foot Equivalent Units (TEUs) in November, a decrease of 12% compared to last year’s elevated cargo levels. With one month left in the year, the Port has...
Fatal Mooring Accident Onboard Tanker
HM Government of Gibraltar has issued an investigation report into the fatal mooring accident on 20 May 2025 aboard the Gibraltar-registered tanker Nisyros.
The incident
On the afternoon of the 20 May 2025, the pumpman of...
CMI Qingdao Secures Major Newcastlemax Bulk Carrier Order
China Merchants Shipbuilding Industry Group’s Qingdao shipyard has confirmed a significant newbuilding contract for the construction of four Newcastlemax bulk carriers, bringing an end to weeks of market speculation and reinforcing the yard’s position...
Oil Tanker Traffic to Venezuela Falls After Seizure and Sanctions
Oil tanker movements to Venezuela have declined in recent weeks following heightened U.S. enforcement actions against the country’s oil trade, reports Platts according to vessel-tracking data.
Decline in Tanker Activity
Tracking data shows that the number...
Drewry Expects Crude Tankers to Outpace Product Tanker Sector
Maritime consultancy Drewry expects crude tanker markets to outperform product tankers in 2026 due to slower crude fleet growth and the potential support from higher inventories, including floating storage.
The outlook was presented at Drewry’s...
Performance Shipping Takes Early Delivery of First Suezmax Tanker M/T P. Bel Air
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Bel Air (formerly “Eco Bel...
Cold Weather Procedures at Sea Fall Short, Says MarinePALS
MarinePALS has issued a warning that many cold weather procedures in the shipping industry still fail to reflect the realities crews face on deck. The organisation has released a six-part training series to help address...