International Shipping News.

The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week, hurt by a slide in capesize vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 78 points, or 4.1%, to 1,804 points, its lowest level since ... […]

According to the Capesize C3 South Atlantic overview provided in the image below, during the third week of April, there was a notable 4% decrease in ballast vessels bound for the South Atlantic, coupled with a significant surge of 72 vessels waiting to load. Analysis of forthcoming arrivals in the South Atlantic over the next ... […]

“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead,” says Filipe Gouveia, Shipping Analyst at BIMCO. During the start of the year, Brazilian ... […]

The Supramax segment in Continental Europe and the Baltic Sea experienced a loss of momentum, with the scrap spot market witnessing softer freight rates in week 16. “The softening was driven by factors like limited fresh cargoes, a cargo-tonnage imbalance favoring charterers, and pressure on rates, leading to a decline in key scrap routes,” a ... […]

DFDS has entered into an agreement with Tasmanian ferry manufacturer, Incat, to conduct a design study for a hybrid-electric ferry intended to be deployed for the Channel Islands, if DFDS wins an upcoming tender for the future ferry services on the Islands. The initiative is a part of the DFDS’ efforts to contribute to the ... […]

The cash premium for very low sulphur fuel oil (VLSFO) steadied on Tuesday after softening a day earlier, though the market’s front-month backwardation widened. Kuwait’s latest spot tender for a cargo loading in early May has been awarded to Aramco, at a discount of about $9 a metric ton to VLSFO quotes and likely to ... […]

Singapore and Malaysia Lead times for VLSFO in Singapore have shown significant fluctuations in recent weeks. Currently, most suppliers are suggesting up to 10 days for the grade, while some can accommodate stems within six days. Prompt HSFO availability in Singapore has improved, with recommended lead times now ranging between 6-10 days, down from 8-14 ... […]

Reference is made to the announcements made by BW LPG Limited (“BW LPG” or the “Company”) on 8 April 2024 regarding the Company′s public filing of a registration statement on Form 20-F with the U.S. Securities and Exchange Commission, and on 18 April 2024 with information about the transfer of share register to DTC in ... […]

International Chamber of Shipping (ICS) Publications announces the launch of the fifth edition of ‘Shipping and the Environment: A Guide to Environmental Compliance’. This latest edition offers comprehensive updates and expanded insights into the intricate relationship between shipping operations and environmental protection. The fifth edition is a definitive guide, providing a holistic introduction to companies ... […]

Swiss marine power company WinGD will record the first installation of its new X-S short-stroke engine design following successful factory acceptance tests with engine builder Dalian Marine Diesel in March. The six-cylinder, 62cm-bore 6X62-S2.0 engine will be installed on a pulp carrier being built for a Chinese owner at COSCO Dalian shipyard. The X-S series ... […]