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  • Dry Bulk Shipping: Australia’s Coal Exports to China Soared by 51.4% in 2024
    by hellenicshippingnews... on 17 January 2025 at 22:00

    Australian coal exports to China soared during 2024, helping sustain solid freight demand. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. This represents a slowdown from the +5.8% y-o-y ... […]

  • Positivity on increasing orders for alternative-fuelled ships
    by hellenicshippingnews... on 17 January 2025 at 22:00

    A significant surge in orders for alternative-fuelled vessels in 2024 is a clear signal of the maritime industry’s acceleration of its decarbonisation journey, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform. A total of 515 such ships, excluding LNG carriers, were ordered, marking a 38% year-on-year increase compared with 2023. This ... […]

  • Biofuel can deliver significant GHG emissions reductions but future uptake could be hampered by supply, says DNV
    by hellenicshippingnews... on 17 January 2025 at 22:00

    According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future. With biofuel use expected to increase, the paper also highlights ... […]

  • Tanker Market: December Was a Mixed Bag
    by hellenicshippingnews... on 16 January 2025 at 22:00

    The tanker market showed mixed performance during the month of December, according to OPEC’s latest monthly report. Dirty spot freight rates showed diverse movements in the last month of the year, falling on routes to Asia and out of the Middle East, while strengthening in the Atlantic Basin and Mediterranean. On the Middle East-to-East route, ... […]

  • Product tanker deliveries seen jumping 256% to 16-year high
    by hellenicshippingnews... on 16 January 2025 at 22:00

    According to current delivery schedules, product tanker newbuild deliveries are set to reach 12m deadweight tonnes (DWT) in 2025. Deliveries will therefore jump 256% compared to the 3.4m DWT delivered in 2024. At the same time, deliveries will reach a 16-year high and the second highest on record,” says Niels Rasmussen, Chief Shipping Analyst at ... […]

  • FBX Index December 2024: Market summary
    by hellenicshippingnews... on 16 January 2025 at 22:00

    The Freightos Baltic Index Global benchmark increased 6% in December to $3,805/FEU as GRIs and pre-Lunar New Year (LNY) demand on ex-Asia lanes pushed rates up. With Red Sea diversions continuing to absorb capacity across the network, the global benchmark remains more than double its level a year ago and 163% higher than in 2019. ... […]

  • Dry Bulk Market Lackluster as Chinese New Year Closes In
    by hellenicshippingnews... on 15 January 2025 at 22:00

    The dry bulk market has been dubbed as quite “lackluster” with China’s economy still looking for a boost. In its latest weekly report, shipbroker Xclusiv said that “as we are just fifteen days away from the Chinese New Year seven-day public holiday (28 January 2025 to 4 February 2025), the dry freight market is quite ... […]

  • Tankers International: 2025 Could Mark A Significant Turning Point For The Tanker Freight Market
    by hellenicshippingnews... on 15 January 2025 at 22:00

    As the new year begins, Mette Frederiksen, Head of Research & Insight at Tankers International, shares her perspective on the 2024 market, leveraging insights from the pool’s proprietary fixture data. She also explores how oil and freight dynamics have reshaped the VLCC market over the past year, with predictions for 2025. Reflecting on 2024 At ... […]

  • Driving economic efficiency in maritime operations
    by hellenicshippingnews... on 15 January 2025 at 22:00

    Since its establishment in 2000, Seaspan has become one of the world’s leading container-shipping companies. In our interview, former CCO Peter Curtis, a key figure from the start, reflects on key transformations in the maritime industry during this time. He also looks ahead to a future which will be dominated by the question of decarbonization. ... […]

  • First Newbuilding Orders of 2025 Now Signed
    by hellenicshippingnews... on 14 January 2025 at 22:00

    The first newbuilding orders of 2025 have been contracted, while activity in the second hand market remains brisk. In its latest weekly report, shipbroker Banchero Costa said that “in the dry market, the Chinese company Everbright Financial Leasing placed an order for 10 x Kamsarmax at Jiangsu Hantong Shipyard for an undisclosed price. Deliveries are ... […]

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