The escalating sanctions regime against Russia is reshaping trade flows, supporting parallel markets, and challenging traditional oversight. In yesterday’s Baltic Exchange Sanctions Policy Update webinar Jos Standerwick, chief executive of Maritime Lon…
Fine-tuning of sanctions keeps market guessing Read More »
With the exception of the Capesize sector, most other ship classes have seen rates trade well below the average of the past seven years for the summer period. In its latest weekly report, shipbroker Xclusiv said that “the analysis of daily Baltic Excha…
Dry Bulk Market: Rates Below Seasonal Average for Most Ship Classes Read More »
In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework (NZF) – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonising i…
The IMO Council met for its 134th session from 7 to 11 July 2025 at IMO Headquarters in London, United Kingdom (with hybrid participation). The session was chaired by Mr. Victor Jimenez Fernandez (Spain), supported by the Vice-Chair, Ms. Amane Fethalla…
Outcomes of the IMO Council, 134th session Read More »
The ship recycling market lacked momentum during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye continue to face a lack of momen…
Pace Still Slow Across Ship Recycling Markets Read More »