BULKER SHIPPING FACES TOUGH YEAR AS CHINA’S MANUFACTURING SECTOR WEAKENS in Dry Bulk Market,International Shipping News 06/03/2025 The dry bulk sector, which handles a diverse mix of commodities, has recently lost momentum. In February 2025, the Baltic Dry Index dropped to its lowest level since early 2023, far below the highs of 2021-22. Dry bulk trade demand […]
05
Mar
Mar
GLOBAL SHIPPING: NAVIGATING THE WAVES OF GEOPOLITICS The shipping industry has faced turbulent times over the past few years, and 2025 looks no different with high trade disruption risks. This uncertainty challenges shipping companies and shippers to prepare for various scenarios. Tanker shipping is most vulnerable to geopolitical issues due to its ties to sensitive […]
24
Feb
Feb
OCEAN CURRENT ENERGY – CLEAN POWER FOR VIETNAM’S FUTURE As the world accelerates its energy transition, Vietnam stands at the threshold of a groundbreaking opportunity: harnessing ocean currents—a clean, continuous, and renewable energy source unaffected by sunlight or wind fluctuations. With the right strategy, ocean current energy could become a cornerstone of Vietnam’s green economy, […]
24
Feb
Feb
DRY BULK SHIPPING: INDIA’S COAL IMPORTS SLOWLY India’s coal imports edged downwards during 2024, having a negative impact on dry bulk shipping. In a recent weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabotage), based on vessel tracking data from […]
23
Feb
Feb
OIL FALLS 2% BUT STILL SET FOR SLIGHT WEEKLY GAIN ON SUPPLY JITTERS Oil prices fell 2% on Friday but were still on track for a weekly gain on supply disruptions in Russia while uncertainty loomed over a potential peace deal in Ukraine. Brent futures fell $1.42, or 1.9%, to $75.06 a barrel by 10:48 […]
22
Feb
Feb
COULD THE DAYS OF THE DARK FLEET BE NUMBERED? Amid growing concerns about the size and the operation of the ‘dark fleet’, rapid geopolitical developments resulting from policies adopted by the new US Administration policies could change the backdrop. In its most recent Tanker Opinion, New York broker Poten & Partners points out that Russia, Iran […]
20
Feb
Feb
HSFO SPOT PREMIUMS DIP BUT BACKWARDATION HOLDS Spot premiums for high sulphur fuel oil (HSFO) eased further in Asia on Tuesday, although backwardation retained its strength in the prompt trading months. The March/April backwardation spread for 380-cst HSFO closed at $15.50 per metric ton on Tuesday, widening from the previous session in volatile trade, according […]
19
Feb
Feb
MAN DUAL-FUEL METHANOL ENGINE PASSES TYPE APPROVAL TEST Genset receives approval from all major class societies in attendance at CSSC Marine Power event. MAN Energy Solutions (MAN ES) announced that its MAN 7L21/31DF-M dual-fuel methanol engine passed its Type Approval Test (TAT) at licensee CSSC Marine Power’s (CMP) production facility in Zhenjiang, China. The genset […]
19
Feb
Feb
VPS: 2024 MARINE BUNKER FUELS REVIEW 2024 saw the continuing evolution and widening of available maritime fuel types and grades, as the global shipping industry continues to gather decarbonisation momentum to reduce its emissions to meet current and future legislation targets. Existing CII and EEXI requirements, plus EU ETS legislation, saw increasing demand for additional […]
19
Feb
Feb
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