The International Chamber of Shipping (ICS) welcomes the series of landmark updates to ILO’s Maritime Labour Convention (MLC), following an intense week of negotiations at the International Labour Organization (ILO) headquarters in Geneva. Under ILO’s …
The tanker market could be faced with increased pressure, amid a trade war and tariff-hit global economic landscape. In its latest weekly report, shipbroker Gibson said that “with all the turmoil in the global financial markets, oil prices have come un…
Oil Demand Headwinds Could Take a Toll on Tankers Read More »
The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does not reduce the sector’s emissions in line with targets in the IMO’s revised GHG strategy. The agreement, constitutes a fue…
Capesize The Capesize market faced headwinds this week, with broader macroeconomic pressures, particularly escalating US-China tariff tensions, weighing heavily on sentiment. The BCI 5TC saw significant midweek drops before recovering slightly to close…
Dry Bulk Shipping: Capesize Market Under Pressure Read More »
US LNG exports rose strongly during the first quarter of 2025. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to di…
LNG Shipping: US Exports Rose Strongly During the First Quarter of 2025 Read More »