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LNG is now considered the prime alternative to conventional marine fuels, at least until a broader consensus on the new marine technologies is formed. In its latest weekly report, shipbroker Intermodal said that “as the shipping industry accelerates its transition towards greener practices, in line with the respective maritime regulations, LNG has emerged as a ... […]

Shipbrokers are playing their part in the industry’s decarbonisation as it tussles with a tangle of emissions regulations, not least the EU Emissions Trading System (ETS) and FuelEU Maritime. Speaking at a joint Institute of Chartered Shipbrokers and Baltic Exchange webinar on ‘Counting the cost of emissions regulation’, Alastair Stevenson, head of digital analysis at ... […]

The Industry Associations of BIMCO, ICS, IMCA, INTERCARGO, INTERTANKO & OCIMF supported by over forty maritime stakeholders, have today released a consolidated and enhanced publication Best Management Practices (BMP) for Maritime Security (MS). As an interactive online publication, BMP Maritime Security consolidates previously published regional publications into a single, comprehensive publication with actionable insights and ... […]

The tanker market is undoubtedly going to be impacted by the rising popularity of EVs. However, the pace of adoption is turning out to be slower than initially thought. In its latest weekly report, shipbroker Gibson said that “global oil demand growth slowed markedly in 2024, rising by just 0.8% year-on-year – less than half ... […]

Capesize The Capesize market started the week on a firmer note but gradually softened as activity failed to gain momentum. The BCI 5TC began positively at $22,311 but declined steadily, closing the week at $20,503. In the Pacific, initial optimism driven by fresh cargo and miner activity was quickly overshadowed by a buildup of tonnage, ... […]

Methane slip, as based on standard factors, can account for up to 24% of GHG emissions from an LNG-fuelled vessel. As an alternative to using standard factors for the reporting of CO2 equivalents, direct methane emissions monitoring has the potential to positively impact a ship’s reported carbon footprint. Discover more in this news about how ... […]

The shipping industry could be set for a turbulent period ahead, with higher opex being the main takeaway. In its latest weekly report, shipbroker Xclusiv said that “recent geopolitical developments involving the United States, Iran, Yemen, and China continue to create significant implications for the global shipping industry, influencing freight costs, risk premiums, and trade ... […]

Following the recent imposition of U.S. tariffs on Canadian crude oil imports, trade flows have undergone a significant shift, with Canadian barrels increasingly redirected toward European markets. This trend is evident in the March 2025 data, which shows seaborne crude exports from Canada surging to nearly 8 million barrels—more than double the monthly average recorded ... […]

The Trump administration has created chaos in the shipping market by proposing tariffs on China-built ships, which could disrupt global trade. The proposed policy by the US Trade Representative (USTR) aims to curb China’s dominance in shipbuilding by introducing hefty fees on vessels linked to Chinese operators or shipyards. If the proposed policy is implemented, ... […]

Shipowners have increased their investments in the secondhand dry bulk market. In its latest weekly report, shipbroker Banchero Costa commented that “in the dry segment, the cape BULK PROVIDENCE 180,000 dwt 2010 STX Shipbuilding built (SS due 2026 BWTS fitted) was sold at $28 mln to Chinese owners. Undisclosed buyers were behind the enbloc purchase ... […]