Nasdaq-listed owner is toughing out a poor market, waiting for a ‘meaningful upturn’ in demand

Daily rate of $38,000 puts 4,250 teu Emmanuel P among fleet’s highest earners

At the tail end of 2024, there was talk of a disaster scenario for dry bulk this year, courtesy of economic malaise in China. Five months into 2025, dry bulk is not a disaster, nor is it much of a success story

Container line operators are willing to pay premium rates for short-term fixtures, as US tariff uncertainties means carriers are reluctant to commit to long-term charters

Oslo-listed containership tonnage provider reports a profit of $59.7m for the first three months of 2025, down from $76.5m year on year

CMA CGM secured several ships of between 750 teu and 1,800 teu while Unifeeder has also been active in the charter market of late

A stellar financial performance last year was clouded by a significantly weak fourth quarter, as demand waned and average freight rates fell across the board

Lines’ level of profitability is not driven by a volume growth, as apart from Zim, all other carriers that report global volumes either recorded sharp on-year declines, or in the case of Hapag-Lloyd, a marginal 0.4% increase. The  ebit figures are more so a reflection of the current freight rate environment

Sea-Intelligence’s Alan Murphy highlights a shift in North American traffic, systemic changes in transpacific vessel sizes and the prospect of an equipment capacity crunch

A return to normality for the global supply chain will bring huge relief to container shipping, but the next headache will be repatriating empty boxes particularly on the transpacific trade

Freight rates are expected to remain at record highs, as congestion problems that plagued 2021 continue. Schedule reliability will also likely repeat last year’s dismal performance, making ‘resilience and robustness’ essential to supply chain planning

The latest global schedule reliability data shows carriers arriving ‘on-time’ with around one in three vessels, as the seasonal decline in volumes had little impact on port punctuality

At the tail end of 2024, there was talk of a disaster scenario for dry bulk this year, courtesy of economic malaise in China. Five months into 2025, dry bulk is not a disaster, nor is it much of a success story

Capesize specialist declares 14th straight quarterly dividend against improving market backdrop

Glencore company Cerrejon announced it was cutting its coal production in Colombia due to ‘unsustainable’ prices of thermal coal transported by sea

Newbuilding leasing deal boosts Norden’s backlog of new capesize bulkers to six vessels

Iron ore — key to capesize demand — faces uncertain prospects amid sluggish steel consumption and trade tensions

Precious Shipping warned that Asean countries may not benefit from greater investment and export gains as happened during the previous Trump administration’s US-China tariff war

New York-listed handysize gas carrier specialist Navigator Gas announced an investment in a clean ammonia developer Ten08 Energy alongside lead investor Attis Clean Energy. Ten08 is developing a blue and green ammonia production and export facility on the US Gulf coast, which is expected to begin operations in late 2029 or early 2030

Bunker demand in Panama remains below previous years as canal transits yet to recover to seasonal averages

Ursa Shipbrokers’ Simon Ward says the future looks bright for smaller bulkers against a backdrop of global conflict, growth in the developing world and scarce tonnage, with efficient newbuildings too costly to justify

‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive

Fiscal and monetary stimulus by governments could boost the markets, as could a better steel sector, easing of financial conditions in China, and better-than-expected US economic growth, while a low orderbook will help reduce supply-side pressure

US Trade Representative hearing on China-built ships levy set for March 24. With every sector having a share of ships built, or building, in China all would be subject to a port fee

Shipping could face a major disruption if Trump is not bluffing about taking back the Panama Canal. Hopes that the Hutchison sale would placate the US and solve the problem have been dashed

Ukraine’s bulk shipments have risen nearly 90% over the past year as temporary maritime corridor takes effect. Russia, meanwhile, must look further afield for markets

US Senate hearing speakers theorised that Chinese workers could collapse under-construction bridge over Panama Canal, directed by spies in Balboa and Cristobal ‘observation posts’, to block US military forces from responding to a Chinese attack in Taiwan

Russia-trading dark fleet tanker has incurred $2m in losses since it was seized by authorities in Finland on December 26, the vessel’s lawyer told Finnish media

Three companies that owned undersea cables, which were allegedly damaged by the tanker, applied to the court for the seizure of the vessel

The dry bulk sector has escaped the worst of Trump’s ‘Liberation Day’ tariffs, but international retaliation will hurt the sector more

Precious Shipping warned that Asean countries may not benefit from greater investment and export gains as happened during the previous Trump administration’s US-China tariff war

The remuneration, which consists of one month of performance bonus and four months of end of year bonus, is lower than the year-ago level, however

Move highlights Nasdaq-listed owner’s commitment to growing and modernising its fleet

Petros Pappas-led bulker giant has clinched new $130m loan to finance five kamsarmax newbuildings under construction

The strong uptrend in rates was exacerbated by limited vessel supply, especially in the minor bulks trade, Jinhui said

Shipping ‘endlessly exciting’ as a career, Angeliki Frangou tells engineering graduates and that technology will enable a new era of ‘proactive reliability’

The PGSA iterated that transits through the Strait of Hormuz require its approval, holding firm on its demands even as the US and Iran continue negotiating a peace deal

LNG carriers may end up paying to pollute rather than switching to bio- or e-LNG in coming years because of the lack of a business case for cleaner options, BW LNG chief executive Yngwil Asheim has said

Despite market share gains, overall new ship orders remain 45% down year on year, raising uncertainty whether South Korean yards can meet annual targets

Fuel costs for old, inefficient steam turbine LNG carriers could be the same as those of new ships under IMO green rules in 2032, Nor-Shipping was told

The new subsidiary aims to leverage China’s green fuel production and Hong Kong’s maritime hub status to support global shipping decarbonisation

Singapore-headquartered company recently pulled out of a greenfield terminal project at Jawaharlal Nehru, India

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Tehran’s outflows remain robust, despite Trump administration’s ‘maximum pressure’ campaign; While US tariffs weakened North American imports, Asian exports remained strong, especially to Europe; The Panama Maritime Authority has substantially reduced its share of the Iran-trading fleet over the past 18 months, but US pressure group UANI says it is still complicit in facilitating Iran’s oil export

Amid the Trump administration’s ‘maximum pressure’ campaign on Iran and signals from regulators of increased scrutiny of its non-crude exports, the fleet ferrying Iranian LPG continues to ship out near-record amounts of cargo

Singapore-headquartered company recently pulled out of a greenfield terminal project at Jawaharlal Nehru, India

The UK Emissions Trading Scheme includes shipping from July 1. Its scope is far narrower than its EU cousin, but administrative hassles still loom for companies

Shipping ‘endlessly exciting’ as a career, Angeliki Frangou tells engineering graduates and that technology will enable a new era of ‘proactive reliability’

London-headquartered shipowner has ordered four 158,000 dwt suezmax crude oil tankers with deliveries scheduled for 2029

The PGSA iterated that transits through the Strait of Hormuz require its approval, holding firm on its demands even as the US and Iran continue negotiating a peace deal

Wah Kwong Maritime Transport transforms itself into a fully-fledged owner-operator as shifting global trade routes drive sustained demand for versatile mid-sized bulkers

China’s main rivals are adapting by expanding overseas partnerships while India is re-entering the market with ambitions to grow. However, geopolitical pressures and diversification efforts have failed to dent China’s lead

Two shipowners ordered coated aframax tankers in the past week, while South Korea-based Pan Ocean contracted two VLCCs in South Korea

Two Clearlake-chartered tankers are envisaged as initial assets for Rubico

Egypt’s foreign minister tells Lloyd’s List that Red Sea security dynamics have materially changed and shipping can now navigate with greater confidence

The tanker was detained by Russian authorities on May 18 after it entered Russian territorial waters, in what Estonia said could be a response to its engagement with a shadow fleet tanker last week

The Russian Federation has taken its first military step to protect the shadow fleet, putting Baltic States on alert as navies continue to demand documentation from tankers trading oil out of Russian Baltic ports

Greece-based owner is optimistic about market for remainder of 2025

London-headquartered shipowner has ordered four 158,000 dwt suezmax crude oil tankers with deliveries scheduled for 2029

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Despite over £2m being owed to the IMO from member states, more than 97% of contributions have been received, which is an improvement on the previous two years

CCIC’s Singapore subsidiary has been forced to shut down and lay off hundreds of employees after being blacklisted by the US for allegedly facilitating Iranian oil trade, underscoring the far-reaching impact of US sanctions on Chinese companies operating in global energy markets

After a short period of relative quiet on the ‘maximum pressure’ front, the US has slapped fresh sanctions on a sprawling ‘shadow banking’ network of exchange houses and front companies used to move money from oil and petrochemical sales