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Baltic Dry Index Bounces
The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped its three-day losing streak on Friday, rising 1.2% to 2,043 points, mainly supported by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 1.7% to 3,051 points; and the …
Shipping’s ‘constantly changing reality’
In a year where “geopolitics stole almost all the headlines”, 2025 has left the shipping markets in a “constantly changing reality”, according to Jakub Walenkiewicz, principal market analyst at DNV. Speaking in an episode of DNV Market Views, Walenkiewicz said this “new world order … creates a very complex environment to understand”. Shipping markets must …
A New VLCC Leader – Inside Sinokor’s Market Rise
Global VLCC fleet capacity is projected to expand more aggressively through 2028. Taken together, scheduled deliveries from all major shipbuilding countries imply an average annual VLCC fleet growth rate of approximately 6% by 2028, assuming the current orderbook is delivered as planned. Within this evolving environment, Sinokor Merchant Marine (Sinokor) has expanded its VLCC commercial …
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Hapag-Lloyd/Zim takeover embeds Top 5 carriers’ preeminence
Hapag-Lloyd’s planned $4.2 billion takeover of Zim will help it stay relevant in an increasingly consolidated container shipping market. What are the implications of the Top 5’s share rising to 67% and other smaller carriers being left behind? On Monday, Germany’s Hapag-Lloyd, the world’s fifth largest carrier by operating capacity, announced an agreement to acquire …
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Biofuel Bunker Snapshot: Global B30-VLSFO prices gain on VLSFO price
ARA and Gibraltar Rotterdam’s B30-VLSFO (POMEME) price and Antwerp’s B30-VLSFO (UCOME) price has gained over the last week. Rotterdam’s conventional VLSFO price has increased $34/mt during the last week, while Antwerp’s VLSFO price has increased $29/mt. These rises may have supported the rise in the B30-VLSFO prices. The Prima Markets-assessed ARA POMOME and UCOME barge …
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Shipfinex FZCO Secures In-Principle Approval from VARA for Virtual Asset Broker-Dealer License
Shipfinex FZCO (https://www.shipfinex.com/) has received In-Principle Approval (IPA) from Dubai’s Virtual Assets Regulatory Authority (VARA) for a Broker-Dealer license. This milestone validates Shipfinex’s operational framework, confirming it has met VARA’s rigorous requirements regarding compliance, governance, and security. It marks a significant step in establishing a compliant infrastructure for the global maritime industry. A Regulated Platform …
Xeneta Schedule Reliability Scorecard – January 2026 – Monthly Update
Welcome to the Xeneta monthly schedule reliability update, where we review what the latest reliability developments are signaling across the global supply chain – and what to carry forward into next month’s operations. Global The mid-2025 ceiling of 38% gave way to uncertainty in Q4 and the start of 2026 shows us this slide was …
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Red Sea shipping reopens, but renewed Houthi threats keep route uncertainty high
Container carriers are now restarting services via the Red Sea amid a continued reduction in Houthi attacks on maritime shipping, according to reports. One of the routes connects India via the Middle East with the US operated by AP Moeller Maersk, confirming earlier reports that Indian shippers will benefit from a service for reefer products. To benefit …
Red Sea shipping reopens, but renewed Houthi threats keep route uncertainty high Read More »
Pan Ocean expands with 10 VLCCs as aging fleet and geopolitics test outlook
Pan Ocean is accelerating business expansion as it decided to acquire a large number of SK Shipping’s very large crude carriers (VLCCs). The shipping industry sees a favorable environment for scaling up with VLCC rates soaring, but notes that the high ages of the acquired SK Shipping fleet and potential shifts in global geopolitics could …
Pan Ocean expands with 10 VLCCs as aging fleet and geopolitics test outlook Read More »