International Shipping News.

The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ... […]

Intertwined with the complexities of market volatility, oil and freight dynamics, unprecedented geopolitical events, rising sanctioned trades, and environmental and regulatory changes, the rapidly ageing VLCC fleet stands out as one of the consequential trends set to resonate for the foreseeable future within the tanker industry. Historical and projected data highlighting the shift towards a ... […]

“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in the world and one of only three countries where shipowners control more than 10% of the global fleet’s DWT capacity,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The global fleet of ... […]

Maritime transport moves over 80% of goods traded worldwide. Country-level seaborne trade data is vital for shaping better transport, trade and investment policies. UN Trade and Development (UNCTAD) released on 15 April new seaborne trade data. For the first time, the dataset includes country-level statistics. Maritime transport is the backbone of global trade, moving over ... […]

Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions. India has already approved five insurers from Russia, which has no ... […]

The enhanced platform supports safer, more sustainable fuel strategies in an increasingly complex marine energy landscape. Lloyd’s Register (LR) has enhanced its Global Fuel Finder tool, delivering a significant upgrade that allows ship operators and technical teams to make faster, smarter decisions when sourcing marine fuels. The latest development adds biofuel availability and quality insights ... […]

By the end of the 17th week, the global bunker indices published by MABUX continued a moderate upward correction. The 380 HSFO index increased by 6.68 USD, rising from 463.50 USD/MT the previous week to 470.18 USD/MT, gradually approaching the 500 USD mark. The VLSFO index edged up by 3.35 USD, from 538.25 USD/MT to ... […]

The International Association of Dry Cargo Shipowners (INTERCARGO) welcomes the recent decision at the International Labour Organization (ILO) to officially recognise seafarers as key workers under the Maritime Labour Convention (MLC). This long-anticipated outcome represents a significant step in ensuring fair treatment, safeguarding seafarers’ rights, and strengthening their access to medical care, mobility, and legal ... […]

Spot differential for high sulphur fuel oil (HSFO) inched lower in Asia on Thursday, a day after flipping back into premiums. Singapore 380-cst HSFO cash differential traded at $2.52 a ton, down 48 cents from the previous session and 180-cst HSFO was down 41 cents at 34 cents a ton. Meanwhile, the very low sulphur ... […]

In an industry where operational excellence depends on the strength and stability of its crew, WellAtSea, part of OneCare Group, is leading the way with a holistic health and wellbeing programme designed specifically for seafarers. Going far beyond basic health monitoring, WellAtSea’s digital platform delivers a transformative onboard experience that addresses the mental, physical, and ... […]