From 1 January 2025, voyages that include port calls in the European Union will have to account for the new FuelEU Maritime regulation. This new regulation is designed to accelerate the uptake of renewable and low-carbon fuels in maritime transport to …
Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45.3%. The EU tariffs, which came into play in November for a period …
Bears starting to roar in the car carrier market Read More »
Capesize The Capesize market faced a difficult week, marked by steady declines and a lack of support across both the Pacific and Atlantic basins. The BCI 5TC began on a subdued note at $12,702 but saw consistent downward pressure, plummeting to $10,474…
Dry Bulk Market: Capesize Market Faces Another Difficult Week Read More »
Total emissions from container shipping in the first 10 months of 2024 are up 13.8% globally compared to 2023 and on track to set a new all-time record for the full year. The latest data, released and analyzed by Xeneta and Marine Benchmark, shows the …
As 2024 draws to a close, the shipping industry is facing up to an increasingly complex and rapidly evolving regulatory landscape over emissions. With the European Union’s FuelEU regulation set to take effect in January 2025, shipping companies face a …
Pressing FuelEU deadline demands attention Read More »