“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year low,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The development marks a stark reversal from the boom seen in 2023 and 2024. During those years, ships in the LR2 and MR segments dominated the …
Product tanker newbuilding contracting drops 86% to nine-year low Read More »
By 2030, the alternative-fuelled fleet will be able to burn up to 50 million tonnes of oil equivalent (Mtoe) of low-greenhouse gas (GHG) fuels annually, double the estimated volume needed to meet the International Maritime Organization’s (IMO) 2030 emissions target. Yet today, actual consumption of low-GHG fuels remains at just 1 Mtoe. This widening gap …
DNV: Fleet readiness surges ahead of fuel supply – green transition at a tipping point Read More »
TEN, Ltd (TEN) reported results (unaudited) for the six months and the second quarter ended June 30, 2025. FIRST HALF 2025 SUMMARY RESULTS TEN’s fleet generated $390.4 million in gross revenues resulting to approx. $111.0 million in operating income, inclusive of $3.6 million of capital gains. Adjusted EBITDA for the first half of 2025 was …
The ship recycling market has remained largely unchanged and lackluster over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India the local market has remained weak this week, continuing the downward momentum that began last week. Demand from the end sales market has …
Ship Recycling Still Looking for Solid Ground Read More »
The Greek fleet rose by 2.9% yoy in DWT terms bringing the total to 488.6m DWT in 2024 (Graph 1). In absolute numbers, the fleet went up by 214 vessels of all typs and sizes compared to 85 units in 2023 and 286 in 2022. The number of Greek companies went down to 588 in …
Greek Shipping Fleet on the Rise Read More »
At today’s International Union of Marine Insurance (IUMI) annual conference in Singapore, Mike Brews, Chair of the IUMI Cargo Committee, reported a stable marine cargo insurance market — but cautioned that uncertainty lies ahead. According to IUMI’s latest research, global cargo premiums for 2024 reached USD 22.64 billion, marking a 1.6% increase over the previous …
A stable cargo marine insurance market but uncertainty looms, warns IUMI Read More »
Glyfada Greek Maritime Golf Event, the top golf tournament for the maritime community, concluded successfully, bringing together top executives from the maritime industry in a dynamic environment of sports and networking. On Friday, September 5, 2025, at the iconic Glyfada Golf Course, participants enjoyed a day full of action and competition, with ideal golfing weather, …
Maritime Community Tees Off and Makes History at the Glyfada Greek Maritime Golf Event Read More »
Ship owners’ “appetite” for dry bulk newbuildings and second hand ships increased last week. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Dalian Shipbuilding Industry in China secured an order for 2 x 7,165 teu carriers from the Singapore-based company Asiatic Lloyd. The price for each vessel is $40 …
Dry Bulk S&P Market Heats Up Read More »
EDF and The Decarb Hub explore innovative financing concepts to unlock capital for clean fuels, infrastructure and retrofits. The Environmental Defense Fund (EDF) and Lloyd’s Register Maritime Decarbonisation Hub (Decarb Hub), a partnership between Lloyd’s Register Group and Lloyd’s Register Foundation, have today published Navigating the Net-Zero Transition – exploring innovative concepts to close the …
Chinese buyers are fueling a sharp rise in demand for vintage very large crude carriers (VLCCs), with 81% of their acquisitions in this class involving vessels more than 15 years old over the last five years. This trend reflects structural changes in global oil flows since Russia’s invasion of Ukraine, where sanctions and the emergence …
Chinese buyers fueling 30% boom in vintage VLCC values Read More »
