International Shipping News

Capesize The Capesize market closed the week on a firm and optimistic note. Early activity was stifled by the Vesak Day holiday in Singapore, and while initial trading was subdued, sentiment remained bullish from the previous week, underpinned by stronger bids and tightening tonnage. In the Pacific, although early-week rates softened slightly amid heavy enquiry, ...

Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear. U.S. importers of sneakers and sofas to construction supplies and auto parts are racing to get goods in ...

The 2025 outlook for crude oil exports from the CPC terminal at Novorossiysk indicates a decisive structural shift toward Suezmax utilisation, with a marked decline in Aframax deployment. Data visualisations from Signal Ocean reveal that Q1 2025 recorded the highest quarterly volume of Suezmax loadings across the past four years, significantly surpassing figures for 2022 ...

Average spot rates: Far East to US West Coast: USD 2722 per FEU (40ft container) Far East to US East Coast: USD 3883 per FEU Far East to North Europe: USD 1988 per FEU Far East to Mediterranean: USD 3152 per FEU North Europe to US East Coast: USD 2110 per FEU Market mid-high spot ...

Clean LR2 LR2’s in the MEG saw a welcome upturn this week. The TC1 75kt MEG/Japan index jumped from WS112.78 to WS141.67 taking the Baltic TCE for the run up over the $30,000/day round trip. A TC20 90kt MEG/UK-Continent also climbed by $575,000 to $3.83m. West of Suez, Mediterranean/East LR2’s ticked up modestly this week ...

The 10 largest stock-listed container lines have higher emissions, sail longer, faster and further than the comparable 10 non-listed carriers, according to data from Maritime Strategies International. Both groups have broadly similar fleets – the listed group having 1,490 ships with an average capacity of 7.9 k TEU and average age of 12.3 years, and ...

French shipping group CMA CGM will reorganise its global fleet to avoid U.S. port fees on Chinese-built vessels that are due to take effect from October, the company’s finance director said. The port charges are another operational headache for shipping firms wrestling with the fallout from U.S. tariffs, though adjustments made by Washington after an ...