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US-China trade truce will not revive weakening ocean container shipping market with freight rates still expected to fall in 2026

The US and China reached a 12-month trade war truce this week, including lowering fentanyl tariffs by 10% and suspending port fees – but it will not halt the decline in ocean container freight rates in 2026. Average spot rates from China to US West Coast on 31 October are down 59% year-on-year at USD …

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Sanctioned LNG tanker makes STS transfer offshore Malaysia, analysts say

A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal also under Western restrictions, according to two analytics firms. The operation appears to be the first known STS transfer of sanctioned Russian LNG, despite Western efforts to curb …

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Asia Fuel Oil Spot discounts narrow though prompt market holds in contango

Asia’s spot differentials for fuel oil logged narrower discounts on Friday, though the prompt market continued to hold in a contango. The very low sulphur fuel oil (VLSFO) market saw a slight improvement after an unplanned outage at Kuwait’s al-Zour refinery, a key producer of VLSFO. However, the Asia market is still amply supplied by …

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Shipping sector skeptical Trump’s latest trade truce with China will reverse import decline

American shippers were already unhappy about their business outlook after President Donald Trump imposed steep new tariffs on China in April. And they were not feeling much happier on Thursday, even after Trump announced a new trade truce with Chinese President Xi Jinping. The consensus among U.S. shippers and logistics managers is that the deal …

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Samudera Shipping Line reports higher y-o-y container shipping volumes of 503,000 TEU for 3QFY2025

Samudera Shipping Line has released its 3QFY2025 ended Sept 30 business update, which saw container shipping volumes rise to 503,000 twenty-foot equivalent unit (TEU), up from the 486,000 TEU previously. However, average freight rate for the 3QFY2025 was lower q-o-q and y-o-y at US$252, compared to US$263 and US$287 respectively. The group adds that the …

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Drewry: Port Throughput Up 1.3%

The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for indices, January 2019 = 100. Drewry has developed a nowcasting model that uses vessel capacity and terminal …

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Yang Ming Completes Orders for Six Methanol Dual-Fuel-Ready Containerships

Yang Ming Marine Transport Corporation (“Yang Ming”) signed contracts for six 8,000 TEU-class methanol dual-fuel-ready containerships with Nihon Shipyard Co., Ltd. (“Nihon Shipyard”), Imabari Shipbuilding Co., Ltd. (“Imabari Shipbuilding”), and Shoei Kisen Kaisha, Ltd. (“Shoei Kisen”) at Imabari International Hotel yesterday (28). The contracts include the purchase of three containerships and newbuilding orders for another …

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Responsable Supervisión Instalaciones Auxiliares – Sector naval

Responsable Supervisión Instalaciones Auxiliares sector naval Jornada Tiempo completo Salario 2.500,00 €/Mes Tipo de contrato Temporal Experiencia De 2 a 5 años Localidad Puerto Real Num. Vacantes 1 Referencia B9070FCC-9CC8-0058-0536-7DA768C05635 Responsable Supervisión Instalaciones Auxiliares sector naval en Puerto Real, España La entrada Responsable Supervisión Instalaciones Auxiliares – Sector naval se publicó primero en Actualidad Marítima …

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El Ministerio de Agricultura, Pesca y Alimentación inicia la campaña Espace para analizar el fondo marino de Ibiza y Formentera

Hasta el 19 de diciembre, a bordo del buque oceanográfico Emma Bardán Los trabajos se realizarán con tecnología de última generación y prestarán especial atención a las zonas asociadas a las reservas marinas La información recopilada es fundamental para el desarrollo sostenible de los sectores pesquero, marisquero y acuícola, así como para la ordenación y …

El Ministerio de Agricultura, Pesca y Alimentación inicia la campaña Espace para analizar el fondo marino de Ibiza y Formentera Read More »

Noble and Kongsberg set ‘transformative pilot’ in motion aboard 2014-built rig

Noble Corporation, a U.S.-based offshore drilling giant, has put into play a new pilot program aboard its 11-year-old drillship in collaboration with Kongsberg Maritime, a Norway-headquartered marine technology player. The post Noble and Kongsberg set ‘transformative pilot’ in motion aboard 2014-built rig appeared first on Offshore Energy.

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