EU iron ore imports have risen so far in 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased by +5.1% y-o-y to 1,631.9 mln tonnes, from 1,552.2 in the same period of...
https://www.hellenicshippingnews.com/eu-iron-ore-imports-on-the-rise-in-2024/
The chemical tanker market, once a niche sector, has matured into a mainstream industry, marked by increasing commoditisation, larger parcel sizes, and greater trader activity. This transformation has led to a growing demand for benchmarking tools, culminating in the launch of new chemical and...
https://www.hellenicshippingnews.com/chemical-trades-come-into-the-mainstream/
According to a new DNV white paper outlining FuelEU Maritime requirements and compliance strategies for shipowners, compliance with the upcoming regulations will be expensive but applying certain strategies can significantly reduce the cost. Effective from 1 January 2025, the rules mandate...
The tanker market is getting more complicated on a daily basis, with many interconnected factors in play. In its latest weekly report, shipbroker Xclusiv said that “recent developments in global energy markets highlight significant shifts in production strategies, diplomatic relations, and...
https://www.hellenicshippingnews.com/seaborne-energy-trade-getting-more-complex-by-the-day/
The Freightos Baltic Index Global benchmark increased 9% in November to $3,590/FEU as Asia – Europe GRIs pushed rates up sharply at the start of the month, with some late month increase for Asia – US East Coast as well. This global rate is 178% higher than in 2019. Asia-Europe ocean freight rates,...
https://www.hellenicshippingnews.com/fbx-index-november-2024-market-summary/
A new study by UCL and UMAS, which analysed ship movements between 2018-2022, found that optimising port arrivals to take into account port congestion or waiting times could reduce voyage emissions by up to 25% for some vessel types. The average potential emissions saving for the voyages is...
“Between January and November 2024, Russian seaborne dry bulk exports have decreased 5% y/y, driven by a 10% y/y decrease in coal shipments. The price competitiveness of Russian coal has deteriorated, compared to Mongolian, Indonesian and Australian cargoes, and a gradual increase in exports over...
https://www.hellenicshippingnews.com/new-wheat-export-tariffs-could-intensify-5-russian-export-loss/
The ship recycling market has kept on being lackluster throughout the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the week in ship recycling saw a consistent lack of movement across the board, with no major...
https://www.hellenicshippingnews.com/ship-recycling-market-lack-of-movement-the-norm/
OceanScore has identified persisting EU ETS pain points for shipping such as system readiness, data anomalies, transparency and contractual responsibility after assessing lessons learned from the first year of the regulation, with the clock ticking towards the initial settlement of emissions...
“The paper Guidance on Stability of Lifts plugs a gap among the many guidance documents available for operations in the maritime sphere,” says Karsten Behrens, Managing Director of SAL Engineering GmbH. “It enables readers to assess the stability of particular lifting arrangements by using the...
https://www.hellenicshippingnews.com/new-guidance-on-achieving-stable-lifting-operations/