VLCC and Suezmax Rates Soar While Aframax Shows Mixed Trends
The VLCC markets improved dramatically mid-week and remain firm with potential for further gains on the horizon.
VLCC Market Performance
The VLCC (Very Large Crude Carrier)...
Navios and Danaos Invest in Next-Generation Containerships
Navios Maritime Partners is purchasing four new methanol-ready vessels. Each vessel has a capacity of 8,900 TEU and costs $115.1 million. The new ships...
New Asset Freezes and Export Controls Target Russia as Japan Adjusts Oil Cap
Japan has lowered its price cap on Russian crude oil to $47.60 per barrel, aligning with a similar move by the European Union. This...
Lessons Learned: Cargo Quality Issues on Bulk Carrier During Wheat Transport
A supramax bulk carrier transporting wheat for human consumption from a European port to a Middle Eastern port experienced cargo quality issues upon discharge....
Container Shipping Week 37: Trade Lane Performance and Market Developments
Container freight rates steadied in mid-September, supported by carriers’ blank sailings and reduced services.
CMA CGM confirmed it will not add a surcharge...
Gas Market Report Week 37: Baltic Exchange Update
LNG rates eased across key routes, with muted demand and steady vessel supply keeping the market subdued.
BLNG2 US Gulf–Continent and BLNG3 US...
Gains Across Major Segments Amid Regional Variations
The dry bulk market experienced a generally positive week across most vessel segments, with sentiment remaining firm despite regional variations. While some basins showed...
China’s Beihai Terminal Sees Fourth Sanctioned Russian LNG Vessel Amid US Warnings
The flow of Russian LNG into China continues despite mounting US sanctions. On September 12, the Buran became the fourth sanctioned Russian carrier to...
Valenciaport Advances EU-Funded Project To Strengthen Border Security
Valenciaport announced progress in its European Union-backed initiative to improve border security at the ports of Valencia and Sagunto. With 75% of the €589,825...
HII Scales Industrial Base with Charleston Operations and Strategic Partnerships
HII expands beyond Newport News with new Charleston Operations in South Carolina to build submarine modules and aircraft carrier units.
Ingalls Shipbuilding partners...
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APLICATIONS
Shipping To Be on High Alert in The NW Black Sea
NATO has issued a warning over the potential for collateral damage on civilian shipping in the north-west of the Black Sea and it also...
