Top Stories.

Coal exports from Australia, the second largest seaborne exporter have been down so far. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jun 2025, global seaborne coal loadings declined by -7.9% y-o-y to 619.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jun 2025, exports from Indonesia ... […]

Current global economic and geopolitical landscapes are shaped by several key uncertainties. Tensions between Israel and Iran, particularly regarding the Strait of Hormuz, pose risks to regional stability and energy supply routes. Similarly, Houthi activity in the Red Sea threatens shipping through the Suez Canal. Oil sanctions continue to disrupt global energy markets, while evolving ... […]

The escalating sanctions regime against Russia is reshaping trade flows, supporting parallel markets, and challenging traditional oversight. In yesterday’s Baltic Exchange Sanctions Policy Update webinar Jos Standerwick, chief executive of Maritime London, and Daniel Martin, a partner and lead for HFW’s sanctions team, spoke about the complexities of the evolving sanctions environment and its implications ... […]

With the exception of the Capesize sector, most other ship classes have seen rates trade well below the average of the past seven years for the summer period. In its latest weekly report, shipbroker Xclusiv said that “the analysis of daily Baltic Exchange Time Charter Equivalent (TCE) data from January 2018 through July 10, 2025 ... […]

In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework (NZF) – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonising international shipping and one that the International Chamber of Shipping (ICS) has been advocating for and fully ... […]

The IMO Council met for its 134th session from 7 to 11 July 2025 at IMO Headquarters in London, United Kingdom (with hybrid participation). The session was chaired by Mr. Victor Jimenez Fernandez (Spain), supported by the Vice-Chair, Ms. Amane Fethallah (Morocco).  Outcomes of the meeting are outlined below: Revised Strategic Plan for 2024-2026 The ... […]

The ship recycling market lacked momentum during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye continue to face a lack of momentum, with sentiment soft and activity largely stagnant. In India, conditions remain flat as demand ... […]

“In the first half of 2025, China’s share of newbuilding contracting fell to 52% from 72% in the previous six months. Growing concerns over USTR port fees on Chinese ships in US ports likely contributed to a decrease in contracting in China. This trend was further amplified by a drop in global ship contracting and ... […]

This year’s Port State Control Concentrated Inspection Campaign (PSC CIC), taking place from 1 September to 30 November 2025, will focus on ballast water management. This news also shares some updates of DNV’s PSC Top 18 detainable deficiencies list. Every year, PSC regimes determine a specific focus area during regular inspections. For 2025, the Paris ... […]

Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of IVESTOS II 76,284 dwt 2004 Tsuneishi built at $8.40 mln. In the Supramax segment, ... […]