Greek owners to play important role in development of the nuclear for maritime sector

“Nuclear energy is stepping forward as a credible long-term solution” stated Christopher Wiernicki, Chairman and CEO of the American Bureau of Shipping, as some of the world’s leading shipowners and operators gathered at ARGO: New Nuclear for Greek Maritime in Athens earlier today. At the Summit, over 120 high-level industry leaders welcomed the increasing pace …

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Tanker under US sanctions carries fuel along Russia’s Northern Sea Route, data shows

A tanker under U.S. sanctions has moved from the Arctic LNG 2 plant east along Russia’s Northern Sea Route, data from LSEG and market sources showed. The Northern Sea Route, which Moscow wants to turn into a new Suez Canal, is challenging for ships due to thick ice in winter, and navigation is restricted to …

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Drewry’s World Container Index Down by 8% Last Week

Drewry’s World Container Index decreased 8% to $1,761 per 40ft container this week. Our detailed assessment for Thursday, 25 Sep 2025 The Drewry World Container Index (WCI) fell 8% to $1,761 per 40ft container, marking the 15th consecutive week of decline with rates on major trade routes—Transpacific and Asia–Europe—also trending downwards. Spot rates from Shanghai …

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Platts clarifies boil-off rates used for LNG freight route cost calculations

Platts, part of S&P Global Commodity Insights, wishes to clarify that the boil-off rate used for LNG freight route cost calculations is 0.04%. As such, the methodology for LNG global freight route costs will now state: This value is based on applying the relevant freight and ballast rate to a base price assessment (e.g., JKM), …

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