Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump’s punishing tariffs on the world’s top exporting country collapse trade, maritime consultants said. The ships on those routes have the combined...
International Shipping News
LPG Shipping Rates on the Rise
LNG The LNG freight market saw a mixed week, with softening in the Atlantic basin contrasting with a steadier Pacific performance. While Pacific spot earnings held firm or improved slightly, the Atlantic faced rate pressure. On the BLNG1 Australia to Japan route, 174k cbm vessels held steady at...
https://www.hellenicshippingnews.com/lpg-shipping-rates-on-the-rise/
SHIPPING: Asia-US container rates flat to higher as capacity reduction offers support
Rates for shipping containers were stable to higher this week as carriers have reduced capacity by 4-5% along the trade route amid efforts to stop the slide in prices, but capacity could surge and put downward pressure on rates if the Red Sea ceasefire holds. On 6 May, US president Donald Trump...
Tankers: VLCC Market Retreated Last Week
Clean LR2 MEG LR2’s took a downturn this week. The TC1 75Kt MEG/Japan index dipped from WS123.33 to WS110.56 and a TC20 90kt MEG/UK-Continent lost $231,250 to $3.25 million. West of Suez, Mediterranean/East LR2’s were flat by comparison with market reported as quiet and came down a modest $35,000...
https://www.hellenicshippingnews.com/tankers-vlcc-market-retreated-last-week/
MOL to Join Offshore Wind Power Project off Taiwan- Advancing toward Clean Energy Production through Participation from Construction Phase
Mitsui O.S.K. Lines, Ltd. has agreed to acquire a 10% stake in CI Fengmiao Ltd from Copenhagen Infrastructure Partner P/S (CIP; Partner and Head of Asia-Pacific: Thomas Wibe Poulsen; Headquarters: Copenhagen), a Danish renewable energy fund, in order to gain insights by participating in the...
Maersk Asia Pacific Market Update – May 2025
As we move further into 2025, the Asia Pacific logistics landscape continues to be shaped by geopolitical developments, evolving trade policies, and shifting demand patterns. While ocean and air freight volumes remained resilient in early Q1, new tariff regimes and market uncertainty are beginning...
https://www.hellenicshippingnews.com/maersk-asia-pacific-market-update-may-2025/
Dry Bulk Market: Capesizes Stayed in Negative Territory Last Week
Capesize The Capesize market remained in negative territory throughout the short week, with limited signs of recovery across both basins. The BCI 5TC fell by $3,072 week-on-week, closing at $14,169 on Friday. A trans-Atlantic voyage reported midweek featured a shorter duration but yielded a low...
Managing the safe use of ammonia as a marine fuel
As ammonia gains traction as an alternative marine fuel, increasing attention is being given to the stringent handling requirements necessary for its safe adoption. Together with industry partners, also contributing with long-term experience in handling ammonia safely, DNV has developed a new...
https://www.hellenicshippingnews.com/managing-the-safe-use-of-ammonia-as-a-marine-fuel/
Call for New Arctic Council Chair to Take Lead on Controlling Super Pollutants From Shipping
Ahead of the Kingdom of Denmark taking over the Arctic Council Chairship from Norway next week, the Clean Arctic Alliance is calling on government ministers and Senior Arctic Officials from Arctic Council member and observer states to commit to curbing the rise of black carbon and methane pollution...
Near-Record US Container Import Streak Expected to Snap in May Due to Tariffs
U.S. container imports surged in April as companies raced to avoid President Donald Trump’s tariffs, which now include a 145% duty on goods from China, but executives at the country’s two busiest ports said the trend looked set to reverse in May. April container imports jumped 9.1% from a year...