As the maritime industry navigates towards a more sustainable future, the focus intensifies on the pivotal contributions of dry bulk and tanker vessel size segments in the European Union’s efforts to combat climate change. With the EU leading the charge in implementing stringent environmental...
The tanker market could be set for a major structural shift in trade routes, should the Straits of Hormuz become unsafe for passage, after the latest developments and the escalation of the Middle East tensions. In its latest weekly report, shipbroker Allied QuantumSea said that “developments over...
New data from Tradeshift’s Q1 Index of Global Trade Health paints an encouraging picture for global trade, with robust growth observed in China and the US, alongside indications of a rebound in global demand for manufactured goods. Total transaction volumes across the Tradeshift network, used by...
Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023. During the past four years, the container market has faced...
Russian LNG keeps flowing into the EU, albeit at a much lower level. In its latest weekly report, shipbroker Xclusiv said that “over two years since the Russian invasion of Ukraine, the EU continues its efforts to weaken Russia financially through sanctions. The latest move grants individual member...
https://www.hellenicshippingnews.com/russian-lng-to-europe-is-it-game-over/
IMO’s Facilitation Committee has taken steps to further advance the digitalization of the shipping sector, while addressing cyber-security threats and the regulation of new technology such as autonomous ships. The Facilitation Committee (FAL) meets annually to deal with matters related to the...
Ship owners have been quite active in the second market over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the tanker market Union Maritime placed order for 2 x LR2 tankers to be built at Hyundai Vietnam basis delivery 2027 , price reported at $71 mln each, the...
https://www.hellenicshippingnews.com/ship-owners-looking-for-more-sp-deals/
While the adoption of alternative fuels has been slower than many people would like, in the last few years progress has been made on all fronts and a number of significant milestones have been reached. This has been at all levels; technological, perceptual and financial. As of 2023, the rollout of...
https://www.hellenicshippingnews.com/sustainable-fuels-gather-momentum/
The Global Maritime Forum and RMI (founded as the Rocky Mountain Institute), under Mission Innovation’s umbrella, released a report today outlining strategies for ports to become first movers in providing green methanol and ammonia bunkering. The report provides insights into the sources of green...
Singapore has retained its title as the leading maritime city in the world, followed by Rotterdam and London, according to the 2024 Leading Maritime Cities (LMC) report from DNV and Menon Economics. The city-state, with its large owned and managed vessel fleets, strategic geographic advantages,...