International Shipping News.

This is the second of a three-part series on LNG sanctions evasion and the emerging shadow fleet and focuses on masking of cargo origins and use of fraudulent documentation in shipping. Sanctions compliance firms have reported growing interest from companies in conducting Russian business and in assessing risks involved in trading, cargo blending and transshipment ... […]

Disruptions to trade in the Taiwan Strait, where in 2022 approximately US$2.45 trillion of goods — over one-fifth of global maritime trade — transited, would send shock waves well beyond Taiwan and China, a US-based think tank said in a report published just days before Chinese military drills around Taiwan. The Center for Strategic and ... […]

Report on how AI is redefining market landscape – The Global Shipbroking Market size is estimated to grow by USD 263.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 3.1% during the forecast period. demand for key value addition in shipping process is driving market growth, ... […]

The ordering of more than 50 very large ammonia carriers (VLACs) over the past 12 months has caught the attention of the maritime industry. Whilst these orders suggest a market surge in the direction of ammonia, a deeper analysis shows that most will be initially deployed as LPG carriers. Martin Cartwright, Global Business Director Gas ... […]

Clean LR2 LR’s in the MEG began showing signs of recovery after some time paused at WS115. TC1 ticked up 10.28 points at the end of the week to WS125.28 and for a trip west on TC20 the index climbed $56,646 to $4.16m. West of Suez, Mediterranean/East LR2’s on TC15 held stable and was assessed ... […]

During the third quarter of 2024, there was a year-on-year increase in global dry bulk loading volumes driven by increased demand for grains, minor bulks and iron ore. Market freight rates continued to exhibit limited seasonal volatility owing to fleet inefficiencies caused by disruptions in the Suez and Panama Canals. Although there are concerns regarding ... […]

Capesize This week began with optimism, particularly in the Pacific, which saw early strength, buoyed by improved demand from miners and fresh coal cargoes. However, the momentum quickly reversed as the week progressed, and by midweek, market sentiment was bleak. The C5 route rates dropped from $10.25 to end the week at $8.965. The South ... […]

Capesize This week began with optimism, particularly in the Pacific, which saw early strength, buoyed by improved demand from miners and fresh coal cargoes. However, the momentum quickly reversed as the week progressed, and by midweek, market sentiment was bleak. The C5 route rates dropped from $10.25 to end the week at $8.965. The South ... […]

Container freight rates oscillated dramatically between January 2023 and October 2024. Freight rates slumped to their lowest level on the 26th of October 2023, when the going rate for a 40-foot container was only 1,342 U.S. dollars. Since then, the global freight rate has significantly increased, hitting over 5,900 U.S. dollars in July 2024, the ... […]

Yemen’s Houthis said on Friday they targeted a ship, which they identified as Megalopolis, in the Arabian Sea with drones, without specifying a date. Megalopolis, a Malta-flagged container ship, is currently en route to Oman’s Salalah port, according to LSEG data. Yahya Saree, the military spokesperson of the Houthi militants, said in a televised statement ... […]