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 crude exports to Asia. The new assessments are also designed to strengthen the Baltic’s position as the leading provider of freight benchmarks and reflect the …
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 per FEU Far East to North Europe: USD 1896 per FEU Far East to Mediterranean: USD 2309 per FEU North Europe to US East Coast: USD 1616 per FEU Average spot rates on four main fronthauls out …
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 NAVIOS HELIOS 77,000 dwt 2005 Namura built was reported sold to Hong Kong interests at $8.25 mln. TASIK SAKURA 76,000 dwt 2011 Oshima built was …
Second Hand Ships Market Heating Up Read More »
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 on each other’s ships on Tuesday, as trade tensions between the world’s two biggest economies increase,” and it also reports, “Ships carrying dry bulk cargoes …
Port fees skyrocket amidst US-China trade tensions Read More »
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 point as evidence that talk of overcapacity in the market is overblown. It is not uncommon for the two markets to veer in different directions …
Overpriced charter market is due a correction after 5-year boom Read More »
The trade tensions have officially spilled over to the shipping industry. In its latest weekly report, shipbroker Xclusiv said that “Beijing has answered Washington’s planned port dues with its own maritime counterpunch. From the same day the U.S. measure takes effect, China will levy a special port fee on any vessel that is U.S.-built, U.S.-flagged, …
Container Shipping and Tankers Facing the Trade Tensions “Storm” Read More »
China’s suspension of US soybean imports amid trade tensions has disrupted seasonal shipping flows, with no cargoes arriving so far this season. Typically, 12 million tonnes move from the US to China between October and November, generating around 120 billion tonne-miles, roughly 12% of the total Panamax demand. The absence of this trade could remove …
China’s halt on US soybean purchases threatens Panamax demand Read More »
The maritime industry faces a pivotal moment as it adapts to regulation, including the new IMO Net-Zero Framework (pending adoption), aimed at reducing ship greenhouse gas emissions. DNV’s latest Maritime Forecast to 2050 offers practical insights and analysis to help stakeholders make informed decisions on ships, fuels, technologies and infrastructure for a net-zero future. “For …
Net-zero shipping: Key findings from the latest Maritime Forecast Read More »
The ICC International Maritime Bureau (IMB) has revealed a slight increase in reported incidents of maritime piracy and armed robbery in the first nine months of 2025, with the highest recorded number since 1991 in the Singapore Straits. Despite the rise, IMB and its Piracy Reporting Centre (PRC) highlight a continued overall reduction in global …
Cautious optimism prevails despite uptick in reported maritime piracy attacks Read More »
ERMA TECH GROUP, a future-forward leader in sustainable maritime technologies, is proud to announce the acquisition of Ultrasonic Antifouling Technology and associated Intellectual Property developed by HASYTEC. This strategic acquisition further strengthens ERMA TECH GROUP’s commitment to driving maritime decarbonisation and environmental protection, while reinforcing its position as a trusted provider of advanced, eco-friendly solutions …
