Industry Trends

on 20 February 2025 at 8:29 pm

The provincial government is looking to reignite the long-delayed Contrecoeur project, saying Montreal needs more capacity and new trade partners.

on 20 February 2025 at 6:30 pm

Robust automobile, steel and wind power equipment movements in 2024 put US ports on a strong footing, but tariffs and a shift in government priorities could temper progress this year.

on 20 February 2025 at 5:24 pm

The port’s recently approved five-year strategic plan details infrastructure, transloading and maritime support activities that it hopes will spur cargo growth by making the Northern California gateway more attractive to importers.

on 20 February 2025 at 12:00 pm

As the new US administration looks to strengthen its regional sphere of influence, bipartisan political support is building to boost US shipbuilding, and thus, the country’s ability to project power in the Arctic and reduce dependence on foreign carriers.

on 19 February 2025 at 10:09 pm

The forwarder reported solid results to close 2024 as unknowns linked to US longshore labor, tariff policy and changes to de minimis rules fueled trans-Pacific freight demand.

by hellenicshippingnews… on 19 February 2025 at 10:00 pm

The ship recycling market has kept on facing a challenging landscape. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the global ship recycling market remains weak and sluggish, with low demand and limited transactions across key destinations. India continues to struggle as market activity slows, further impacted …

on 19 February 2025 at 8:16 pm

The threat dynamic in the Houthi-controlled area remains too high for ocean carriers to consider ending diversions around southern Africa, and higher insurance costs likely await when they do.

on 19 February 2025 at 7:18 pm

Automation of the customs entry process, which software provider Magaya announced this week, is being enabled by advances in data extraction from emails and offline files.

on 19 February 2025 at 1:11 pm

The carrier has inked an MOU with Cochin Shipyard Ltd., India’s largest facility, pledging to work together on shipbuilding and ship repair services.

on 19 February 2025 at 12:50 pm

Vessel capacity for shippers was a given in the early days of TPM, but since then, carrier customers have faced an accelerating assault on capacity coming from both outside the industry and within, writes Peter Tirschwell.

by hellenicshippingnews… on 19 February 2025 at 11:00 am

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter of 2024 and the year ended December 31, 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to “we,” “us,” “our,” …

by hellenicshippingnews… on 18 February 2025 at 10:00 pm

The market for second hand ships has been expanding so far this year, with more deals being reported. In its latest weekly report, shipbroker Banchero Costa said that “in the dry bulk segment, SENTOSA CHALLENGER 81,600 dwt 2020 Imabari built (SS and DD due Apr 2025) and SENTOSA SPIRIT 81,911 dwt 2020 Tsuneishi Zosen were …

on 18 February 2025 at 8:58 pm

SeaLead is offering a new service from Turkey after Hapag-Lloyd ended one of its standalone loops following the launch of the Gemini alliance with Maersk.

on 18 February 2025 at 6:51 pm

Spot rates on the eastbound corridor are fast converging on long-term prices, and carriers want to lock in cargo owners ahead of a return to Red Sea transits and the resulting capacity overhang.

by hellenicshippingnews… on 18 February 2025 at 6:00 pm

Allied Shipbroking is excited to announce the appointment of Stefanos Fragos as its new Chief Executive Officer, effective immediately. With a wealth of long experience in ship financing and corporate finance, Stefanos will play a key role in expanding our core activities, enhancing our key competencies, and strengthening our global brand as we continue our …

on 18 February 2025 at 3:20 pm

Unless legally binding safeguards are introduced, there is a risk that fossil fuels will be replaced with unsustainable biofuels that provide “a cure worse than the disease,” shipping groups said in an open letter to the IMO.

by hellenicshippingnews… on 17 February 2025 at 10:00 pm

Handysize ships’ prices are trending higher, despite an overall lackluster freight market sentiment. In its latest weekly report, shipbroker Intermodal said that “in recent years, geopolitical uncertainty has been a defining characteristic of the global landscape. The recent election of the U.S. President has been followed by numerous announcements regarding tariffs, including the latest imposition …

by hellenicshippingnews… on 16 February 2025 at 10:00 pm

New factors are constantly coming into play on a weekly basis, when it comes to influencing future oil flows and thus the tanker market as a whole. In its latest weekly report, shipbroker Gibson said that “this week Trump announced that he and President Putin had spoken at length, the first confirmed direct contact between …

by hellenicshippingnews… on 14 February 2025 at 10:00 pm

The tanker market has been suppressed during the month of January, OPEC said in its latest monthly report. Dirty spot freight rates registered a slow start to the year. VLCCs showed the best performance in January, with the Middle East-to-East route up 38%, m-o-m, amid increasing activities on the longer haul routes. The Suezmax and …

on 14 February 2025 at 5:10 pm

While carriers are progressively mastering the dark arts of blank sailings, inexplicable and/or unexplainable surcharges and other supply restraints and revenue enhancements, no amount of those tactics will be sufficient to deal with the oversupply of capacity once the Red Sea reopens, writes John McCauley.