International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s (EU’s) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions. The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute limit on...
https://www.hellenicshippingnews.com/itic-suggests-eu-ets-will-cost-the-shipping-industry-billions/
Car Carrier Trade & Transport 2023, the comprehensive annual review and outlook for the car carrier shipping market, has today been released by Clarksons Research onto their Shipping Intelligence Network platform. Summarising the report, Steve Gordon, Managing Director of Clarksons Research,...
https://www.hellenicshippingnews.com/clarksons-car-carrier-market-at-record-highs/
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as firm capesize vessel rates snapped a four-session long losing streak. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 26...
https://www.hellenicshippingnews.com/baltic-index-snaps-4-day-losing-streak-on-firm-capesize-rates/
Leading Dorset-based maritime equipment specialist Marine Components International (MCI) is growing its exports footprint in Asia after winning a new deal to supply A60 fire dampers for seven new Windflex 27 Crew Transfer Vessels (CTVs) being built in Singapore. Poole-headquartered MCI operates the...
Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said. The shipping snarl through one of the world’s...
https://www.hellenicshippingnews.com/panama-canal-drought-to-delay-grain-ships-well-into-2024/
CYTUR Inc., a company that specializes in marine mobility cybersecurity (including smart and autonomous ships) successfully promoted the Smart Ship Cybersecurity Demonstration Project in 2023 with funding from the Ministry of Science and ICT and the KISA (Korea Internet & Security Agency)....
China’s coastal bulk freight index went up 6.4 percent month on month in November, data from the Shanghai Shipping Exchange (SSE) showed. Last month, the composite index for coastal bulk freight, which measures transportation costs in the coastal shipping market, stood at 1,014.63, according to the...
https://www.hellenicshippingnews.com/chinas-coastal-bulk-freight-index-up-in-november/
Herbert Darwin Mangatas, director of PT Gapura Segara Borneo, an Indonesian freight shipping agency, came to China’s Tianjin in search of potential business partners. “There are one or two Chinese companies asking for some collaborations. I hope we can have some dealings,” Mangatas said while...
https://www.hellenicshippingnews.com/international-marine-companies-eye-china-for-sustained-growth/
Maersk teams are keeping a very close eye on the situation in and around the Red Sea and continuing to draw up mitigation plans for any affected vessels that require diversion. We will be reaching out to all affected customers directly to discuss options and new delivery schedules for their cargo...
https://www.hellenicshippingnews.com/maersk-europe-market-update-december-2023/
Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 14:00 to 14:30 (Beijing time) on December 20th, 2023. 1. Bidding Object: MV “JING HUA 107”, Bulk Carrier; PoR: Yangpu, China; Inspection Authority: CCS; Trading Area: offshore; LOA:...
https://www.hellenicshippingnews.com/bidding-announcement-of-20743dwt-bulk-carrier-jing-hua-107/