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Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain

Asia’s fuel oil markets began the week with slow trading momentum, with traders remaining cautious on forward demand-supply fundamentals and the impact of China’s buying activity would pan out. A buy-sell gap continued to hinder window trading activity, with the market barren of deals for the fourth consecutive session. There were talks of some changes …

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Bright earnings outlook as vessel speed reduction limits supply expansion

The dry bulk market is poised for an upside in earnings as global and regional environmental regulations will reshape vessel supply. The higher earnings are coupled with higher fragmentation in the freight market as vessel movement will continue to adapt to comply with the regulations. Resilience in commodity demand While the outlook for GDP growth …

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Maritime Safety Committee – 109th session (MSC 109), 2-6 December 2024

The Maritime Safety Committee met for its 109th session at IMO Headquarters in London (in-person with hybrid participation) from 2 to 6 December 2024. The meeting was chaired by Mrs. Mayte Medina of the United States, supported by Vice-Chair, Capt. Theofilos Mozas of Greece. MSC 109 highlights Attacks against seafarers and international shipping Amendments adopted …

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German foreign minister warns of Russian ‘shadow fleet’

Multiple recent incidents involving undersea cables in the Baltic Sea were unlikely to be a coincidence, Annalena Baerbock said. She called for tougher sanctions on Russia’s so-called “shadow fleet” of ships. German Foreign Minister Annalena Baerbock has issued a warning about the “decrepit Russian shadow fleet” of ships after recent damage to undersea cables in …

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