The maritime industry is once again bracing for a year of profound transformation. According to an analysis by ING, 2025 is set to be a period of “tumultuous” year, characterised by heightened “trade disruption risks”. Underscoring the pervasive influence of geopolitics on the shipping landscape, Rico Luman, ING’s senior sector economist, noted that “wars and …
In the latest issue of Drewry’s LPG Forecaster, LPG trade is projected to increase only 1.4%, while US LPG exports are likely to jump 6% in 2025. As we saw in 2024, the 14% surge in US LPG exports caused terminals to operate near their capacity, leading to a rise in terminal fees and narrowing …
LPG trade growth will be curbed in 2025 due to US terminal capacity limitations Read More »
The United States is planning to charge fees for docking at U.S. ports on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels and will push allies to act similarly or face retaliation, a draft executive order stated. The administration of U.S. President Donald Trump is drafting the executive order …
For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes provided below, or would like to learn more, please contact our team of ocean freight cost benchmarking and procurement specialists. Drewry’s World Container …
Drewry: World Container Index Fell Again Last Week Read More »
CMA CGM Group, a global leader in sea, land, air, and logistics solutions, and owner of the U.S. flag carrier American President Lines (APL), today announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years. This announcement builds on CMA …
Spot premiums for high sulphur fuel oil (HSFO) extended gains in Asia on Friday, while very low sulphur fuel oil (VLSFO) held in discounts by the end of the trading week. Bidding activity was strong for both HSFO physical and derivative markets, according to trade sources. The backwardation for 380-cst HSFO widened sharply on Friday, …
HSFO premiums extend climb; VLSFO holds in discounts Read More »
Swiss marine power company WinGD has completed shop tests of its groundbreaking variable compression ratio (VCR) technology. The results confirm that methane reductions from new X-DF engines with VCR technology deliver similar ship greenhouse gas (GHG) emissions to high-pressure dual-fuel technologies, while delivering a total system cost and fuel cost advantage for several vessel applications. …
WinGD X-DF cuts methane slip in final VCR technology shop tests Read More »
The bipartisan leadership of the U.S. House Transportation and Infrastructure Committee and the Coast Guard and Maritime Transportation Subcommittee raised significant concerns about European Union efforts to undermine the Jones Act, a law important to the U.S. commercial shipbuilding industry, the stability of the U.S. supply chain, and America’s national and economic security. Transportation and …
Shipping giant HMM has nominated former LX Pantos CEO Choi Won-hyok as its new head, drawing attention as to whether he will successfully lead the privatization of Korea’s largest logistics company, which has been under government control since 2016. According to industry officials on Friday, HMM’s board of directors decided to put his appointment to …
Shipping giant HMM replaces CEO amid stalled sales talks Read More »
La Autoridad Portuaria publicó ayer en el BOE el inicio del trámite de competencia de proyectos de la solicitudLa empresa, muy arraigada en el puerto de A Coruña, viene utilizando una instalación en el muelle de San Diego, cuyo plazo finaliza en julio de 2026 La Autoridad Portuaria de A Coruña publicó ayer en el …
