Clean LR2 MEG LR2 freight was resolute this week with much of the industry in London attending International Energy Week. The TC1 75kt MEG/Japan index continued at around the WS120 mark and TC20 90kt MEG/UK-Continent assessments remained around the $3.35m – $3.4m level. West of Suez, Mediterranean/East LR2’s of TC15 dipped from $2.9m to $2.85m. …
Capesize The Capesize market saw a strong upward trajectory throughout the week, with the BCI 5TC surging from $8,620 on Monday to $15,074 by Friday, reflecting improved sentiment across both basins. The Pacific market was notably firm, driven by a tightening tonnage list, steady demand from miners and operators, and increased coal cargoes, which underpinned …
The US Trade Representative’s (USTR) proposal to charge up to $1.5 million to Chinese-owned ships entering US ports could cause severe congestion and delays to supply chains, according to shipping analysts. Peter Sand, chief analyst at ocean and freight rate analytics firm Xeneta, said ocean container carriers will take action to avoid the fees, such …
US fees on China-based ships to cause unintended consequences – analysts Read More »
The share of US imports in the global aluminium trade has been declining gradually over the past few years, while the country’s share in the global imports of iron and steel has been increasing. For any significant decline in US imports, the country will need to expand production capacity which will entail significant capex and …
U.S. metal trade dynamics: Tariffs, imports, price surge and its impact on shipping Read More »
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said. The U.S. Trade Representative’s office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports …
US port fees on China vessels would affect all shipping firms, CMA CGM says x Read More »
Xeneta has carried out analysis on new long term contracts entering validity in 2025 and the data reveals a fascinating dynamic in the negotiations between sellers and buyers of ocean freight due to the ongoing uncertainty in the Red Sea. The negotiation conundrum Ceasefire in the Middle East has raised hopes of a largescale return …
As negotiators gather at the intercessional working group of the IMO’s Marine Environment Protection Committee next week in London, they should remember that a bridge is only as strong as its pillars. A global fuel standard to reduce carbon intensity, a fixed levy on greenhouse gases, targeted rewards for e-fuels, and dedicated support for countries …
How the IMO can construct a bridge to a zero-emission future Read More »
As we discussed earlier in February, the United States has had an ongoing process to investigate and address unfair trade actions related to China’s maritime, logistics, and shipbuilding sectors. At that time we pointed out that logistics professionals could face an entirely new category of concerns in scheduling international shipping. Now a formal proposal has …
The Next Shoe to Drop? USTR Proposes Actions Against Chinese Ships Read More »
Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing the number of new ships aimed at supporting its operations to 48 by 2026. The reinforcement of Petrobras’ fleet comes amid expectations of higher offshore oil output in the next few years as new production …
Petrobras to commission four more ships, upping orders to 48 by 2026 Read More »
More than half of the tankers sanctioned three days ago by the United States for carrying Iran’s oil have ceased operations outside Chinese or Iranians terminals, an investigation by Iran International reveals. The sanctions announced on February 24 followed similar measures by the US Treasury in late 2024, targeting ultra-large crude carriers in Iran’s shadow …
Largest crude tankers abandon Iran oil trade after US sanctions Read More »
