Global Shipping Climate Deal Edges Closer: IMO Member States Urged to Hold Line

Ahead of this week’s meeting of the International Maritime Organization’s Marine Environment Protection Committee (IMO, MEPC 84, April 27-May 1), the Clean Shipping Coalition welcomed progress made during this week’s intersessional meeting and called on member states to “hold the line against those looking to once again disrupt and delay” on the IMO’s Net-Zero Framework …

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Dry Bulk Market Trending Higher

Capesize The market began the week with strong upward momentum, briefly pushing the BCI 182 5TC to the cusp of $39,000, supported primarily by strength in the Atlantic basin. Early gains were driven by a firm C3 market and a tightening ballaster list, particularly for May dates, while fronthaul activity provided a notable boost. However, …

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No safe transit through Strait of Hormuz: IMO Secretary-General

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to address the situation in the Strait of Hormuz, where around 20,000 seafarers remain trapped and unable to leave. In an informal briefing to Member States and industry representatives, Secretary-General Dominguez confirmed that several vessels had been seized and detained in the region over the past few days. He …

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