Markets
Containers
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Latest From Containers
Puzzled by Aponte’s Gram Car Carriers deal? Don’t be
After putting together the world’s biggest shipping empire in little over five decades, it’s safe to say this guy knows what he’s doing
Low-emission freight tender shows pragmatic approach to decarbonisation
Hapag-Lloyd’s win in a low-emission freight tender with its bio-LNG bid is seen as the best commercial decision for shipping today, although it is far from a popular one
Shipping swings at geopolitical curveballs on decarbonisation path: NYK chief
Soga describes his experience over the past year as the commander-in-chief of the Japanese shipping and logistics group as constantly swinging at pitches in a batting cage, overwhelmed with unexpected events
Marooned ships at Baltimore make their exit as temporary channel opens
Five cargo vessels, including Wallenius Wilhelmsen’s vehicle carrier Carmen, trapped at Baltimore port since March 26 have been able to depart following the opening of the Fort McHenry Limited Access Channel
Hapag-Lloyd strengthens electronic bill of lading offering via IQAX tie-up with GSBN
Use of IQAX adds another eBL option for Hapag-Lloyd, which already uses competitor vendor WaveBL, as the German container line pursues full eBL adoption by 2030
CMA CGM offers $214m fund to finance decarbonisation projects
Public sector investment bank Bpifrance will manage the majority of the fund, which will also finance research projects within the maritime sector
Dry Bulk
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From Crimea to Iran: two more ships join Russia’s grain-smuggling fleet
Following last year’s joint investigation with Lloyd’s List on Russia’s evolving tactics to export grain from occupied Ukraine, Bellingcat uncovers two more bulkers flying the Russian flag that have joined the grain-plundering fleet out of the Russia-occupied port of Sevastopol
Ukrainian grain exports rebound as ship arrivals near pre-war levels
Fears rose over global food supply when the original Black Sea grain export corridor expired in July 2023. That threat has been averted. The number of bulker arrivals has surged and Ukraine has been able to maintain its exports
Safe Bulkers inks new kamsarmax order in Japan
Cyprus- and Greece-based operator aims for ‘one of the most environmentally efficient dry bulk fleets in the market’
Marooned ships at Baltimore make their exit as temporary channel opens
Five cargo vessels, including Wallenius Wilhelmsen’s vehicle carrier Carmen, trapped at Baltimore port since March 26 have been able to depart following the opening of the Fort McHenry Limited Access Channel
Shipping markets no longer just about supply and demand, says Norden’s Rindbo
‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive
Another one bites the dust: Shipping stocks keep disappearing from the ticker
After waves of public listings in the 2000s and early 2010s, the private model — always dominant in shipping — has become more popular over the past decade. Privatisations and mergers are driving more delistings
Tankers & Gas
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Latest From Tankers and Gas
Wärtsilä chief says shipyard capacity slowly improving
LNG carrier segment experiencing major bottleneck, but other segments have more shipyard capacity
Shipping swings at geopolitical curveballs on decarbonisation path: NYK chief
Soga describes his experience over the past year as the commander-in-chief of the Japanese shipping and logistics group as constantly swinging at pitches in a batting cage, overwhelmed with unexpected events
China Merchants yard wins order for up to 10 chemical tankers
Latest order brings Jinling Dingheng shipyard’s backlog to 45 vessels
US targeting of Iranian oil shipments continues as major front is hit by sanctions
The US is continuing to slap sanctions on ships and companies facilitating sales of Iranian oil for the benefit of the regime’s armed forces. Almost 30 vessels have been targeted by Ofac since the year began
Gas carrier fleet shipping Iranian LPG expands as exports boom
Scrutiny of Iran’s sanctioned energy trade tends to centre on the oil exports and the dark fleet servicing it. However, robust Chinese demand, coupled with growing Iranian output and deep discounts have propelled Iran’s liquid petroleum gas exports far above pre-sanctions levels, helped by a growing fleet of ageing gas carriers
Shipping markets no longer just about supply and demand, says Norden’s Rindbo
‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive
Finance
Latest From Finance
Wärtsilä chief says shipyard capacity slowly improving
LNG carrier segment experiencing major bottleneck, but other segments have more shipyard capacity
CMA CGM offers $214m fund to finance decarbonisation projects
Public sector investment bank Bpifrance will manage the majority of the fund, which will also finance research projects within the maritime sector
Shipping markets no longer just about supply and demand, says Norden’s Rindbo
‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive
MPC Container Ships splits top job
MPC Container Ships’ Baack is to replace Ulf Holländer in the top role at the company’s largest investor. His role will now be shared with chief financial officer Moritz Fuhrman
Another one bites the dust: Shipping stocks keep disappearing from the ticker
After waves of public listings in the 2000s and early 2010s, the private model — always dominant in shipping — has become more popular over the past decade. Privatisations and mergers are driving more delistings
Red Sea diversions weigh on cargo volumes and revenue at Höegh Autoliners
Fifth-biggest vehicle carrier operator reports a 14% drop in quarterly revenues because of longer Red Sea diversions. Nevertheless, spot freight rates are being maintained at record levels and Höegh Autoliners should gain from an uplift in pricing from upcoming contract renewals with its major shippers
Insurance
Latest From Insurance
UK Club beefs up loss prevention work
The move will see safety and risk management, claims and underwriting teams work more closely together to adapt cover offered by marine mutual
India allows three more Russian entities to provide marine insurance
Move will facilitate imports of crude in face of Western price cap
Lack of insurance a threat to safety of navigation, nations tell IMO
A recent oil spill from a capsized barge, which damaged the coastline of Trinidad and Tobago, was just one example of what can happen when unsafe vessels sail without insurance
Tankers clock up steepest rise in marine insurance costs
Data from Baltic Investor Indices points to broadly steady market for past four quarters, but limited increases for some vessel types
Shipowners’ Club holds steady at 2024 renewal
Break-even underwriting result and ‘excellent’ investment return means marine mutual is in ‘very good health’, insists chief executive Peacock
Middle East tensions fail to move dial on war risk rates
MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening of Middle East Gulf trips
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