The Drewry World Container Index (WCI) declined for the third consecutive week, easing 1% to $2,216 per 40ft container, due to softer rates on Asia–Europe, Transpacific and Transatlantic trade routes. Despite elevated fuel costs and ongoing geopolitical risks, rates remain under sustained downward pressure due to excess capacity and low demand. Spot rates on the …
Odfjell posts its 1Q26 results next week with figures guided to be weaker QoQ. The uncertainty in the Middle East persists. Double blockades imply that the conflict may take even longer to resolve than any of us expected initially. Nevertheless, chemical shipping market has been resilient in times of uncertainty, still, we downgrade our recommendation …
During the week, the global bunker market resumed a clear upward trajectory, driven by persistent geopolitical tensions in the Middle East and the absence of any visible de-escalation signals. Market sentiment remained firmly supported by supply-side concerns and elevated risk premiums. By the end of the week, the 380 HSFO index increased by USD 26.54, …
The publication of EUROKAI’s 2025 Annual Report confirms the positive performance of the Contship Group, which closed the year with net revenues of €293 million, up 10.9% compared to 2024, reflecting the resilience of its integrated business model and the effectiveness of its strategic direction. “2025 marks a further step in the Group’s solid and …
Contship reports strong 2025 results, advancing its growth strategy Read More »
In the crude oil tanker market, conditions remained firm in the first half of the fiscal year, as in the previous fiscal year. From September onwards, the vessel supply-demand balance tightened due to an increase in cargo volumes following the unwinding of voluntary production cuts by OPEC+ nations, and market conditions remained at high levels. …
Mitsui O.S.K. Lines Sees Firming Market Conditions in Dry Bulk Read More »
The new company Cityboat has ordered a state-of-the-art, electric passenger vessel to offer silent, pollution-free travel for passengers and tourists on the idyllic islands around Haugesund. The vessel is being delivered by the Norwegian maritime hi-tech company Hyke. Cityboat is a joint venture between one of Norway’s leading express boat companies Rødne and Haugesund-based tourism …
Leading Norwegian operators invest in zero-emission passenger vessel with Hyke Read More »
Russia has reportedly built up a flotilla of old oil tankers of opaque ownership to get around sanctions imposed by the European Union. Sweden has confiscated a cargo ship believed to be part of Russia’s “shadow fleet” which was seized in early March suspected of transporting stolen Ukrainian grain, the country’s prosecution service said on …
Sweden confiscates false-flagged Russian ‘shadow fleet’ ship, prosecutors say Read More »
Corvus Energy, the leading provider of zero‑emission energy solutions for the maritime industry, has received DNV Cyber Security Type Approval for its Dolphin NxtGen Battery Energy Storage System (BESS). See link. The approval also covers the Gen 4 BMS Pack Controller, extending cybersecurity compliance across the entire NxtGen product family. The certification confirms that Corvus …
bound4blue has completed the second in an agreed rollout of five ‘plug and play’ suction sail installations across Maersk Tanker’s advanced fleet of medium-range (MR) tankers. The project saw four 24-metre eSAILs® fitted onboard Maersk Tahiti at Chengxi Shipyard in Jiangyin, China, positioning the 29,445gwt vessel to slash emissions, achieve double digit fuel savings, and enable simpler …
bound4blue completes second eSAIL® installation for Maersk Tankers Read More »
Wintermar (WINS:JK) records attributable net profit growth of 194%YOY to US$4.8million for 1Q2026 on 47.8% YOY revenue growth. Owned Vessel Division With more High Tier vessels in operation since December 2025, 1Q2026 recorded a 53.9% YOY increase in Owned Vessel Revenue amounting to US$22.8million, resulting in Owned Vessel gross profit doubling to US$12.7million for 1Q2026 …
