“By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted by higher newbuilding contracting throughout the 2020s and most recently by …
Global order book hits 17-year high amid record crude tanker contracting Read More »
Drewry’s World Container Index increased 1% to $2,309 per 40ft container this week. The Drewry World Container Index (WCI) increased 1% to $2,309 per 40ft container, mainly driven by rising rates on the Transpacific and Transatlantic trade routes. Spot rates from Rotterdam to New York jumped 25% to $1,968 per 40ft box this week, breaking …
One month of AIS-derived data from the world’s most consequential chokepoint and what it revealed about a dry bulk market frozen in place. Оn 28 February 2026, the Persian Gulf was running a normal book of business. Panamaxes were completing grain discharges at Bandar Imam Khomeini. Supramaxes were working fertilizer parcels. Handysizers were loading industrial …
BASS Software, a leading provider of maritime fleet management solutions, has officially achieved ISO/IEC 27001:2022 certification following an extensive audit by TÜV NORD CERT GmbH. This certification marks a major milestone in BASS’s commitment to world-class cloud security and information governance. ISO/IEC 27001 is the premier international standard for establishing, implementing, and continually improving an …
BASSnet SaaS Achieves ISO/IEC 27001 Certification Read More »
The upward trajectory of bunker prices, driven by escalating tensions in the Middle East, reversed sharply on April 8 following reports of a two-week ceasefire. After an extended period of gains, global bunker indices entered a corrective phase, reflecting a shift in market sentiment. The 380 HSFO index declined by USD 18.17, falling from USD …
MABUX: Bunker Prices to Return to Higher Ground Next Week Read More »
Enclosed space entry remains a safety challenge in ship operations and for seafarers’ working conditions. On 27 June 2025, the IMO adopted revised recommendations for entering enclosed spaces aboard ships, to be handled in accordance with the SMS systematics. This statutory news summarizes this topic. Why updated recommendations The industry continues to experience loss of …
Revised IMO recommendations for entering enclosed spaces aboard ships Read More »
Iraq—having recorded the largest oil supply shut-in volumes during the US–Israel–Iran conflict—may soon see a recovery in both production and exports following an agreement with Iran. For the first time since the conflict began, an Iraqi-laden crude tanker transited the Strait of Hormuz on Sunday. The return of Basrah barrels would provide a welcome source …
A two-week US-Iran ceasefire will not restore container shipping operations through the Strait of Hormuz to pre-conflict conditions, with ocean supply chain disruption and elevated rates expected to continue. Analysts at Xeneta – the leading ocean and air freight intelligence platform – expect carriers to take a cautious approach to the ceasefire. Alternative routings into …
Ship traffic through the Strait of Hormuz may climb over the next week to 25% of the pre-war total of January and February, from 10% since the Iran war started, after the US and Iran agreed a conditional ceasefire, according to an April 8 report by S&P Global Commodities at Sea(opens in a new tab). …
Hormuz traffic may climb to 25% of pre-war total over next week: CAS Read More »
Stolt-Nielsen Limited reported unaudited results for the first quarter ending February 28, 2026. The Company reported a first-quarter net profit of $47.5 million with revenue of $716.8 million, compared with a net profit of $151.4 million with revenue of $675.6 million in the first quarter of 2025, which included $75.2 million in one-off gains related …
Stolt-Nielsen Limited Reports First Quarter Net Profit of $47.5 Million Read More »
