News

The International Association of Dry Cargo Shipowners (INTERCARGO) held its Annual General Meeting and Semi-annual meetings at the Four Seasons Astir Palace in Athens on 3–4 November 2025, marking continued growth and important milestones in representing the dry bulk shipping sector. The events coincided with the Association’s 45th Anniversary Gala Dinner, attended by senior figures …

The ship recycling has remained challenging over the course of the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market has finally shown a very slight sign of hope, indicating a possible improvement after a prolonged quiet period. However, the U.S. dollar …

VLCC freight rates surged over $100,000pd, following the rise in OPEC+ output and a sharp rebound in tanker demand, which drove second-hand values to a new peak in October. This uptick is likely to continue in 4Q25 amid tight tonnage supply and the onset of seasonal winter demand. The vessel supply is so acute that …

The maritime industry is experiencing a phase of rapid technological development. The shift from paper charts to continuous digital connectivity is resulting in a myriad of operational changes. With it, comes growing environmental concerns and ever-stricter safety standards. Yet, accidents still happen and people get hurt. This article examines the data and considers issues spanning …

More Capesizes have been added to the global orderbook over the past week, according to shipbroker reports. In its latest one, shipbroker Banchero Costa said that “in the bulk sector, China’s Taizhou Kouan Shipbuilding secured an order for 2 x 210,000 DWT Newcastlemax vessels from China Huarong Financial. Since the order is between two Chinese …

The strong rally in crude tanker stocks this year has been driven by a surge in charter rates, underpinned by rising oil inventories due to increased OPEC+ supply. Tanker stocks have gained a significant momentum, particularly crude tanker companies with the Drewry Crude Tanker Equity Index (DCTEI) swelling 51.1% YTD (as of 30 October 2025), …

Warren Buffett recently affirmed a principle at the heart of global progress: “balanced trade is good for the world,” noting, “the more prosperous the rest of the world becomes, … the more prosperous we’ll become.” His words reflect more than economic logic. They highlight the essential truth that trade creates reciprocal value, strengthening nations, industries, …

As expected, tankers command the largest share of the global sanctioned fleet. In its latest weekly report, shipbroker Xclusiv said that “the global sanctioned fleet now totals 1,387 vessels, dominated by 1,004 tankers — a striking 72% of the overall count — with an average age of 20.4 years. Gas tankers and general cargo ships …

Saudi Aramco’s recent price cut, bringing it to the lowest since August 2023, has intensified competition with the US and boosted its share in the Asian market, leading to dynamic changes in LPG shipping. Drewry analyses the possible impact on the trade and shipping rates from this move. Saudi Aramco announced a significant reduction in …

The 2025 Atlantic hurricane season has so far offered a reminder to those in the industry of just how unreliable long-range forecasts can be on their own. Early outlooks pointed to another above-average year, yet the first half was surprisingly quiet and subdued. This was then followed, rather abruptly, by a burst of activity. Long …