International Shipping News.

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a 15-month low on Wednesday, dragged down by lower capesize rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 57 points to 1,180 points, its lowest since Sep. 2023. The ... […]

“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes, and a gradual increase in exports over land to China has also contributed to this decline,” says Filipe ... […]

OceanScore has identified persisting EU ETS pain points for shipping such as system readiness, data anomalies, transparency and contractual responsibility after assessing lessons learned from the first year of the regulation, with the clock ticking towards the initial settlement of emissions liabilities in 2025. “Fortunately, the EU Emissions Trading System (EU ETS) is now well ... […]

The United States is imposing sanctions on 35 entities and vessels that play a critical role in transporting illicit Iranian petroleum to foreign markets. This action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, 2024, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on ... […]

Japan-delivered LSFO prices are currently the cheapest among the major regional bunkering locations for the first time this year following a sluggish November, with demand prospects in December remaining bleak amid a weaker-than-expected shipping market. Platts, part of S&P Global Commodity Insights, assessed the Japan-delivered LSFO flat price at $569/mt on Nov. 27, on par ... […]

The formation of new alliances and dissolution of old ones is set to reshape the shipping industry in 2025 as major players jostle for market share in an increasingly dynamic trade environment. The end of 2M and THE Alliance – previously responsible for 34.4% of global container ship fleet capacity1 – will redefine global trade ... […]

Spot premiums for fuel oil narrowed further in Asia on Wednesday, while the market eyed several sales tenders from regional refiners this week. Singapore cash premium for very low sulphur fuel oil (VLSFO) was pegged at 95 cents a metric ton to cargo quotes, with a competitive offer emerging for prompt loading dates. Meanwhile, bids ... […]

Northwestern Europe Supply pressures have eased across all three grades in the ARA this week, a trader told ENGINE. Bunker availability is back to normal and lead times of 3-5 days are advised for all three grades. The ARA’s independently held fuel oil stocks dipped by 3% in November compared to October, according to Insights ... […]

“We still want to own car carriers. However, considering issues such as European tariff problems and the sense of stagnation in electric vehicle (EV) demand, it is difficult to say that this type of vessel will remain secure in the future.” EV Market Slowdown At a shipowner study group held in Western Japan, a car ... […]

The long voyage time due to ships taking longer routes through Cape of Good Hope has impacted global trade, including Indian exports, Commerce and Industry Minister Piyush Goyal said. This has resulted in increased time for goods to reach international markets, he said. “No shortage of containers has been, however, reported on account of the ... […]