Top Stories.

More and more deals are being reported in the S&P market, as things are starting to heat up. In its latest weekly report, shipbroker Banchero Costa said that “in the Ultramax segment NORD MAGELLAN 63,000 dwt 2020 Iwagi built (SS due 2025 BWTS fitted) was reported sold to Meghna Group for $29,2 mln, $3,3 mln ... […]

Below, we look at several of the more important domestic and international regulations with amendments that enter into force in 2025. We encourage members and clients to ensure that their crew and shore staff are familiar with them prior to their entry into force. It is believed that there is a global trend for environmental ... […]

“In January, grain shipments to China are estimated to fall 51% y/y, partly due to a decline in import demand for soya beans caused by low crusher margins. Although Chinese soya bean production decreased 1% y/y in 2024, inventories are high after a surge in imports in the first half of the year. Import demand ... […]

The global demolition activity declined to 368 units being demolished during 2024, versus 449 in 2023 and a further 414 in 2022. In its latest weekly report, shipbroker Intermodal said that “in June 2025, the Hong Kong Convention (HKC) is set to enter into force, establishing a regulatory framework for shipowners and shipyards towards an ... […]

The re-routing of merchant ships around Cape of Good Hope instead of crossing the Bab-al-Mandab has not only led to significant changes in trade patterns and tonne-mile demand, but has also resulted in certain operational challenges, especially regarding the procurement of certain Stores and Spares items. The Port of Suez had been used as a ... […]

Shipping generates 3% of global greenhouse gas emissions. This could increase to 10% if current trends continue, according to Transport & Environment – a non-profit organisation dedicated to decarbonising transport in Europe by 2050. To alter course and reach the International Maritime Organization’s net zero target around 2050, shipping must adopt major changes and embrace ... […]

The tanker market could be impacted by the shape of the US policies moving forward, under the new Trump presidency. In its latest weekly report, shipbroker Gibson said that “following a very impactful end to the Biden era, the oil and tanker markets expected Trump’s second stint in the White House to start where Biden ... […]

Capesize The Capesize market endured a challenging week, with a steadily declining trend across the board. The BCI 5TC shed $2,852 over the week, closing at $8,156. In the Pacific, miner activity remained sparse, with only one miner consistently present. Fixtures from West Australia to China hovered in the low $6.00 range early in the ... […]

The maritime industry represents a backbone of global commerce, with approximately 100,000 shipping vessels traversing the oceans at any given time, connecting continents and forming logistical networks. However, in light of the impending climate crisis, the sector confronts a pressing challenge: the International Maritime Organization (IMO) has mandated a reduction in carbon intensity by 40% ... […]

Türkiye’s crude oil imports fell by a further 16.4% during 2024, continuing the downward trend of 2023. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +4.6% y-o-y, things got quieter in 2024. In Jan-Dec 2024, global crude oil loadings went up by ... […]