The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday and posted a weekly decline, dragged by broad losses in the capesize and supramax segments. The main index, which tracks rates for capesize, panamax and supramax vessels, lost 30 points to 1,688. The index logged a …
Baltic index logs weekly loss on capesize, supramax weakness Read More »
The global shipping industry is entering 2026 firmly as a shipper-driven market, shaped by a widening supply–demand imbalance and easing freight rates, according to an industry outlook shared by Supal Shah, CEO of Sarjak Container Lines. “While freight rates are expected to normalize sharply from recent highs, the industry is unlikely to return to pre-crisis …
The global coal trade landscape is edging towards a significant recalibration, marked by a decisive shift from years of expansion toward a structural plateau. According to the International Energy Agency’s latest analysis Coal, the industry is facing an imminent “plateau before entering an expected downturn later in the decade”. While 2024 saw international coal trade …
The U.S. is in the process of seizing the Olina tanker in the Caribbean near Trinidad in the fifth such interdiction of ships in recent weeks as part of Washington’s efforts to control Venezuelan oil exports, two U.S. officials said on Friday. The Olina, which according to public shipping database Equasis was falsely flying the …
US in process of seizing Olina tanker in the Caribbean, US official says Read More »
The ReCAAP Information Sharing Centre (ISC) issued its 2025 annual report on piracy and armed robbery against ships in Asia today at the 17 th Nautical Forum held in Singapore. The forum was attended by over 120 participants from shipping companies, shipping associations, government and law enforcement agencies, diplomatic missions and academia. The key highlights …
Asia’s high sulphur fuel oil (HSFO) market sold off for some derivative contracts on Friday after recent gains in a volatile trading week, while trade sources continued to eye a mixed supply outlook. The February 380-cst HSFO/Brent crack fell by more than 15% day-on-day to a discount of $7.75 a barrel at the Asia close, …
VINSSEN, a maritime decarbonization technology company specializing in hydrogen fuel cells and integrated system solutions, announced that it has obtained Type Approval from the Korean Register (KR) and the American Bureau of Shipping (ABS) for its 150kW marine fuel cell module. Following its earlier approval from the Italian classification society RINA, VINSSEN now holds Type …
VINSSEN Secures Type Approval from KR and ABS for 150kW Marine Fuel Cell Module Read More »
Mitsui O.S.K. Lines, Ltd. announced the signing of a memorandum of understanding (MOU) for a strategic partnership with ITOCHU Corporation (ITOCHU; President & COO: Keta Ishii) to advance decarbonization in the transportation sector through the use of Environmental Attribute Certificates (EACs, Note 1). Through this MOU, both companies will collaborate in marketing, public relations, sales, …
Happy 2026! The Shipbreaking Platform team would like to wish you all a year full of happiness, compassion, and good energy. We all need it! In the second issue of Shipbreaking Monthly, and the first in 2026, we will cover news and activities from the end of last year, share our positions on the upcoming …
Shipbreaking Monthly: European Parliament adopts the Omnibus I deregulation package Read More »
Frontline plc. announces a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older vessels. Sale of eight of its oldest 1st generation ECO VLCCs The Company has entered into an agreement to sell eight of its oldest 1st generation ECO Very Large Crude Carriers (VLCCs), built between 2015 …
Frontline – Strategic Fleet Renewal and Expansion Read More »
