Category Archives: Marine News EN

You can take your pick of a wide variety of opinions about what Trump 2.0 will do to the global oil markets, but it’s a safe bet that nearly all those opinions amount to one effect: disruption. The US president has already dropped a heavy hint to Saudi Arabia to produce more crude oil to […]

COMMERCIAL SHIPPING IS BEING WEAPONISED – NORTHSTANDARD Insurer highlights tension between rising sanctions, geopolitical strain, a growing dark fleet, and the right of innocent passage under rules-based order. Commercial shipping is in the process of being weaponised, NorthStandard head of external affairs Mike Salthouse told journalists in London this week, in an environment of increasing […]

PRODUCT TANKER DELIVERIES JUMPING 256% TO 16-YEAR HIGH In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at the current delivery schedule for product tankers which is expected to jump an impressive 256% this year compared with 2024. According to current delivery schedules, product tanker newbuild deliveries are […]

DARK FLEET, DECARBONIZATION AND GEOPOLITICAL PRESSURES REMAIN TOP MARITIME FOCUS AREAS IN 2025 Range of pressing issues to be addressed this year by the world’s shipping regulator. Speaking at a news conference on 14 January 2025, Secretary-General Arsenio Dominguez has highlighted several areas high on the agenda of the International Maritime Organization (IMO), as it […]

TIME TO FOCUS ON THE HUMAN ELEMENT IN DECARBONIZATION The industry must cultivate a culture where environmental protection becomes as integral to operations as safety awareness. The maritime industry is at a pivotal moment in its decarbonization journey. Over the past decade, the sector has transitioned from focusing solely on air pollutants like sulfur oxides […]

ONE OF THE WORLD’S LARGEST SHIPPING COMPANIES WINS PRESTIGIOUS WORLD LNG SHIPPING AWARD 2024 Mitsui O.S.K Lines (MOL), a global leader in LNG transplantation was awarded the prestigious World LNG Shipping Award 2024 at the World LNG Summit held in Berlin from December 9 to 12, 2024. Image Credits: MOL/Facebook The award honours companies that […]

LATE ARRIVING CONTAINERSHIP DELAYS REACH HIGHEST LEVELS SINCE PANDEMIC The average delay for containerships behind schedule has continued to increase in 2024 rising to the highest levels except during the peak of the pandemic and surge in container volumes. Sea-Intelligence is out with its monthly look at the average performance of the container shipping carriers […]

HMM BOASTS 41% Q3 MARGIN, WARNS OF WEAK Q4 OUTLOOK Third quarter profit leaps over 1,700% in 2024 as line looks ahead to February alliance reshuffle. Image: HMM HMM reported revenues of KRW3,552bn ($2.54bn) for the third quarter 2024, up 67% on the year-ago period and 33% above its second quarter 2024 result. The revenue boost […]

FIRST SIRE 2.0 INSPECTIONS POINT TO SIGNIFICANT CHALLENGES FOR TANKER CREWS Findings from initial SIRE 2.0 inspections following the introduction of the updated vetting procedure in September suggest tanker operators are struggling to meet the additional requirements. According to data from 26 vessel inspections, WiseStella, the Singapore-headquartered maritime learning and training provider, found a significant […]

CONTAINER VESSEL CHARTER MARKET This week, growth in demand has been observed across all size segments in the container vessel charter market, while supply remains broadly constrained. Demand for feeder vessels remains robust, with shipowners adjusting their expectations for ~1,700 TEU vessels accordingly. Two-year charter contracts for environmentally friendly Bangkokmax-type vessels are no longer uncommon. […]