Latest News
The latest energy, maritime and bunker industry news worldwide.
Latest News
The latest energy, maritime and bunker industry news worldwide.
Keeping You Informed
Tanker Market: Mixed Performance During September
The tanker market showed mixed results during the past month, OPEC said in its latest monthly report. Dirty tanker spot freight rates showed mixed movement in September. VLCC spot freight
Global maritime industry continues to address cyber risk
In its Maritime Risk Barometer Report for 2024/2025, the International Chamber of Shipping (ICS) identified cyber attacks as one of the top four high level risks to maritime operations. The
Global trade’s tightrope walk
The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term outlook remains “insufficiently bright”, according to the latest World Economic
Ship Recycling Market’s Divergent Performance
Ship recycling is exhibiting signs of divergence across the major markets. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market
Baltic Exchange Launches New Tanker Routes in Response to Tariff and Geopolitical Uncertainty
Baltic Exchange has launched a series of new Aframax tanker benchmarks, TD28 and TD29, in response to shifting global trade dynamics, escalating geopolitical tensions, and a dramatic surge in Canadian
Xeneta Weekly Ocean Container Shipping Market Update: Average Spot Rates Increased Across the Board
Data highlights Market average spot rates – 15 October 2025: Far East to US West Coast: USD 1653 per FEU (40ft container) Far East to US East Coast: USD 2588
Second Hand Ships Market Heating Up
The second hand ship market has seen many new deals over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, the Panamax
Port fees skyrocket amidst US-China trade tensions
According to the BBC and many other publications US-China trade tensions back as port fees take effect. The BBC says, “ The US and China started charging new port fees
Overpriced charter market is due a correction after 5-year boom
Containership charter rates have remained on a steady upwards trajectory this year and remain 200% higher than in 2019, despite slumping spot freight rates (see chart), to which some carriers