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Shippers unlikely to return quickly to Red Sea after ceasefire
Latest Maritime News
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Shippers unlikely to return quickly to Red Sea after ceasefire
09 May, 2025
Major shipping companies are likely to take their time before fully resuming transits through the Red Sea, waiting to see if a ceasefire announced May 6 results in an end to attacks by Houthis on ships in the region over a prolonged period. A ceasefire between the US and “relevant authorities” in Yemen includes an ...
Aging vessels push crew to the limit as Seafarers Happiness Index hits 10-year milestone
08 May, 2025
The Mission to Seafarers’ latest edition of its quarterly Seafarers Happiness Index has revealed a steadying in seafarer satisfaction, marking a small rise as the survey enters its 10th year. The Q1 report shows an overall rise in seafarer happiness to 6.98 out of 10, up from 6.91 in Q4 2024. Despite positives, some key ...
Singapore fuel oil stockpiles extend slide to 7-week lows
09 May, 2025
Onshore fuel oil stockpiles at key trading hub Singapore slipped further, hitting their lowest in seven weeks, as exports jumped and imports fell, data showed on Thursday. Residual fuel inventories (STKRS-SIN) were at 20.54 million barrels (about 3.24 million metric tons) in the week to May 7, based on Enterprise Singapore data. Total exports out ...
Dryad Global: Red Sea Ceasefire Offers Diplomatic Progress — But Maritime Threat Level Remains Unchanged
09 May, 2025
Dryad Global, the maritime risk and security intelligence provider, is urging the global shipping community to remain cautious despite this week’s announcement of a proposed ceasefire between the United States and Yemen’s Houthi movement. On Tuesday 6 May, the U.S. administration confirmed an immediate halt to its aerial bombardment campaign in Yemen, which began on ...
US to seek UN sanctions on ships taking North Korean coal to China
09 May, 2025
The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea’s nuclear and missile programs. The British-based Open Source Center issued a report on Wednesday saying that in the past year it had tracked a number of ...
“Don’t underestimate the importance of people”, says Chair of the Association of Average Adjusters
09 May, 2025
At its annual conference at Lloyd’s of London this week, Chair of the Association of Average Adjusters (AAA) Ann Waite was clear that good communication and a hands-on approach was vital to ensure the continuation of high-quality average adjusting. She said: “High levels of communication are required between those involved in a maritime casualty. Collaboration ...
Essential new guidance on the role of tugs in firefighting at sea
09 May, 2025
The British Tugowners Association (BTA) is proud to announce the launch of its inaugural guide on the Use of Tugs in Firefighting at its Annual Conference in Belfast. This comprehensive new guide marks a significant contribution to maritime safety and emergency preparedness, offering industry-standard guidance for tug operators. Recent events in the Humber have spotlighted ...
Baltic Index Falls To Two-Week Low As Capesize Segment Declines
08 May, 2025
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a more than two-week low on Thursday, as weak rates in the capesize segment weighed. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 58 points, or 4.2%, to 1,316, ...
Potential return of container ships to Red Sea following US-Houthi ceasefire announcement could cause global collapse in freight rates, according to Xeneta data
08 May, 2025
The prospect of a largescale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates – but the situation remains far from certain. Data released by Xeneta – ...
Tanker Weekly Market Monitor: Decline in Saudi Oil Flows to China in Q2 2025
08 May, 2025
In the second quarter of 2025, oil flows from Saudi Arabia to China declined sharply. This downturn can be attributed to a combination of seasonal and structural factors. Notably, Chinese refineries traditionally undergo scheduled maintenance during Q2, particularly in April and May. This maintenance period temporarily reduces the country’s crude oil demand, decreasing import volumes. ...
MABUX: Bunker Prices Expected to Trend Upwards Next Week
08 May, 2025
At the end of Week 19, the MABUX Global bunker indices showed a downward trend. The 380 HSFO index dropped by 16.81 USD, falling from 459.28 USD/MT to 442.47 USD/MT and breaking below the 450.00 USD threshold. The VLSFO index declined by 20.92 USD, from 531.80 USD/MT to 510.88 USD/MT, nearing the 500.00 USD mark. ...
Emirates Shipping Congress and IEC Telecom drive maritime digital transformation at UAE Maritime Week
08 May, 2025
IEC Telecom took the lead in accelerating maritime digitalisation in the GCC at the Emirates Shipping Congress, held on the opening day of UAE Maritime Week and organised by Emirates Shipping Association. A leading international satcom solutions provider co-curated a high-impact session in collaboration with the Association to spotlight the latest advancements in marine communications. ...
Near-record US container import streak expected to snap in May due to tariffs
08 May, 2025
U.S. container imports surged in April as companies raced to avoid President Donald Trump’s tariffs, which now include a 145% duty on goods from China, but executives at the country’s two busiest ports said the trend looked set to reverse in May. April container imports jumped 9.1% from a year earlier to top 2.4 million ...
