News

As global carriers assess the possibility of resuming Red Sea transits, Supal Shah, CEO of Sarjak Container Lines, says the real question is not whether the industry will return, but how quickly. The speed of that return will define whether the market experiences rate crashes or a more orderly stabilisation. Sarjak Container Lines operates services in and out …

The dry bulk market has been staring at a major paradox this year, China’s iron ore import demand amid adverse local market conditions. In its latest weekly report, shipbroker Intermodal said that “one of the more interesting paradoxes in today’s dry bulk market is unfolding in China’s steel value chain. On the surface, the story …

Selling an oil tanker in today’s sanctions landscape is not as simple as signing a contract. Under EU rules, sellers must notify authorities – and in some cases get prior approval – to avoid liability if a vessel later ends up transporting sanctioned Russian oil. The question is: how far does the seller’s responsibility go? …

The maritime industry is experiencing a period of significant transformation, driven by rapidly evolving regulations, increasing commercial pressure, and a global shift towards reducing greenhouse gas (GHG) emissions. In response, DNV and the World Maritime Merchants Forum (WMMF) ESG team have published a new guide to help shipowners navigate these evolving challenges, an effort supported …

The ceasefire in the Red Sea could have a significant impact in the product tanker market. In its latest weekly report, shipbroker Gibson said that “the latest ceasefire between Israel and Hamas has again raised hopes of a normalisation of Red Sea transits for commercial shipping. Earlier this week, the Houthis announced a pause to …

Capesize The Capesize market followed a generally softer trajectory for much of the week, with sentiment steadily eroding through the first half before a late improvement offered some stabilisation. Early support from a busy Pacific, where all three major miners were active, proved short-lived as activity thinned and C5 levels slipped from the low $10s …

At a Glance • EO imagery (electro-optical imagery) captures reflected sunlight to deliver color-based satellite views of maritime activity. • It’s the most visual layer of remote sensing intelligence, offering confirmation that complements SAR and RF detections. • Enables faster validation of data, detection of deceptive shipping practices, and continuous monitoring of maritime operations. • …

Dirty tanker spot freight rates moved higher across the board in October, OPEC said in its latest monthly report. VLCC spot freight rates showed further gains, building on the previous month’s surge. Gains were driven by higher demand on long-haul routes. Spot freight rates on the Middle East-to-East route rose by 3%, m-o-m, while rates …

The dirty tanker market continues to ride strong momentum, supported by a surge in oil on water, a divergence between laden and ballast speeds, and an uptick in long-haul voyages heading East. At the forefront of this strength are the VLCCs, which remain the clear leaders in the current market rally. VLCC utilisation now stands …

Reactivity and volatility are the new constants of the dry bulk market, driven by rapid-fire news and uncertain policy decisions, according to a recent Baltic Exchange Forum. A panel at the Baltic’s Dry FFA Forum in Geneva, moderated by Ben Goggin, FFA assessor at the Baltic Exchange, explored how current geopolitical events, technology, and commodity …