The shipping industry isn’t immune to the ongoing trade war between the US and China. In its latest weekly report, shipbroker Xclusiv said that “the latest escalation in U.S.-China trade tensions marks a new phase of economic confrontation, with profound implications for global markets and the...
https://www.hellenicshippingnews.com/shipping-to-face-the-aftermath-of-a-us-china-trade-war/
Over the past six years a number of high-profile, chemical-contamination cases relating to marine fuel have been witnessed. Hundreds of vessels have experienced costly engine damages during these events, for example, Houston (2018 and 2023), Europe (2022) and also in Singapore (2022). In addition...
Updated voyage data from Signal Ocean shows that Aframax tanker shipments from Russia’s Pacific ports to the Far East saw a notable month-over-month increase in March 2025, despite a slight year-over-year decline compared to March 2024. Key Observations: Q1 2025 vs Q1 2024 In March 2025, a total of...
“During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13% while dirty tanker exports fell 4%. Despite the fall, it appears that exports have mostly been unaffected by the recent sanctions,” says Niels Rasmussen, Chief Shipping Analyst at...
Escalation of U.S.-China Trade Tensions: Implications for Dry Bulk Freight On April 4th, China announced a 34% tariff on all U.S. imports, a retaliatory response to recent U.S. protectionist trade measures, effective April 10th. This escalation in the trade dispute is set to have a direct impact on...
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-us-dry-bulk-flows-grain-vs-coal/
Things have remained unchanged in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained relatively quiet this week, with activity slowing down in several key destinations due to holidays....
https://www.hellenicshippingnews.com/ship-recycling-market-remains-quiet/
China has been losing newbuilding market share to S. Korea, as a result of the uncertainty over the USTR policy. However, this has been occurring in a period when capacity had been increasing in China instead of S. Korea. In its latest weekly report, shipbroker Banchero Costa said that “with rising...
https://www.hellenicshippingnews.com/newbuilding-orders-shifting-from-china-to-s-korea/
The number of cancelled sailings in March and April on the Transpacific, Transatlantic and Asia-North Europe & Med routes rose to 198 – far more than in the same period of 2024 (135). So, what is going on? According to our Container Capacity Insight weekly online service, the increase in the number...
The Signal Ocean Platform empowers maritime professionals with up-to-date, actionable insights by tracking sanctioned vessels flagged by at least one global authority, with data from the EU, UN, OFAC, and OFSI. Our comprehensive sanctions data spans back to 2012, with a significant increase...
Ship owners have taken a step back from placing more newbuilding orders, attempting to assess the current market conditions, ahead of expected turbulence. In its latest weekly report, shipbroker Intermodal said that “as the first quarter of the year concludes, it is insightful to examine the...
https://www.hellenicshippingnews.com/shipping-fleet-renewal-takes-a-back-seat-for-the-time-being/