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Baltic Index Hits Near One-Month Low As Capesize Demand Slips
Latest Maritime News
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Baltic Index Hits Near One-Month Low As Capesize Demand Slips
01 Jul, 2025
The Baltic Exchange’s main sea freight index fell for a fifth-straight session on Tuesday, to hit a near one-month low, as demand for capesize vessels slipped. The main index eased 31 points, or 2.1%, to 1,458 points, its lowest level since June 3. The capesize index dropped 100 points, or 4.7%, to 2,011 points, lowest ...
NORDEN sells two additional vessels
01 Jul, 2025
We are pleased to announce that we have sold two additional vessels, one Supramax bulk carrier and one MR tanker. The Supramax vessel is a recently declared purchase option which subsequently has been sold. The MR tanker became part of NORDEN’s owned fleet in May 2025, following the declaration of the related purchase option at ...
Alternative fuels orderbook shows resilience amid overall decline in newbuild market
01 Jul, 2025
Ordering of alternative-fuelled vessels is continuing to grow in 2025, despite a slowdown in the overall newbuild market. According to data from DNV’s Alternative Fuels Insight (AFI) platform, new orders for alternative-fuelled vessels reached 19.8 million gross tonnes (GT) in the first six months of 2025, exceeding the 2024 figure by 78%. This marks a ...
Shadow Fleet Exposed by Sanctions and Sensors
01 Jul, 2025
Russia’s shadow tanker fleet has at least tripled since the 2022 invasion. US-EU sanctions are steadily blacklisting hundreds of ships, pushing up the cost of evasion and shrinking safe harbours. Operators are masking ownership through shell firms, swapping flags and IDs, and darkening AIS signals to stay ahead. Any charterer, insurer or financier dealing with ...
Denmark – almost – at the top of international safety list for the fifth year in a row
01 Jul, 2025
On the newly published Whitelist from Paris MoU — which shows how ships flying different flags perform under port state controls in the ports of Paris MoU member countries — Denmark is ranked in second place. This time, Denmark has just been overtaken by France, which sneaks into first place. Denmark had otherwise firmly held ...
HSFO softens into discount; structure flips to contango
01 Jul, 2025
Asia’s spot differential for high sulphur fuel oil (HSFO) sank into a discount on Tuesday, while the prompt market structure flipped from backwardation into contango amid bearish market conditions. Supply inflows are expected to remain plentiful into July, trade sources said, while demand for bunker fuel has not seen much uptick. Singapore’s 380-cst HSFO cash ...
East of Suez Fuel Availability Outlook
01 Jul, 2025
Singapore and Malaysia In Singapore, VLSFO lead times remain highly variable despite weak demand. Some suppliers are quoting as little as six days, while others advise booking up to two weeks in advance due to long-term nominations, which are typically contract-based stems that take priority over spot demand. However, this marks a slight improvement from ...
“K” LINE starts use of Bio-LNG fuel for Car Carrier
01 Jul, 2025
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce its first use of bio-LNG fuel supplied by Shell Western LNG B.V. (Shell) to the car carrier “OCEANUS HIGHWAY”. The vessel received 500 tons of bio-LNG from Shell at the Belgium port of Zeebrugge on June 16, 2025. The bio-LNG fuel (liquefied bio methane, LBM), ...
Inmarsat Nexuswave Exceeds 1,000 Vessel Orders Amid Growing Demand For High-Speed Connectivity
01 Jul, 2025
Inmarsat Maritime’s fully managed service has found ready audience among shipping companies seeking power of multiple networks with convenience of single provider. Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded1,000-vessels. Following months of rigorous development and testing, the service has gained incredible momentum in its first six months on the ...
MOL Establishes ‘MOL Bay Links’ Group-wide Holding Company for Tugboat Services
01 Jul, 2025
Mitsui O.S.K. Lines, Ltd. announced the establishment of MOL Bay Links Co., Ltd., a holding company aimed at strengthening the foundation of the MOL Group’s tugboat services. Effective July 1, MOL transferred all shares it held in Nihon Tug-Boat Co., Ltd., Green Shipping, Ltd., and Green Kaiji Kaisha, Ltd. to MOL Bay Links, thereby establishing ...
AAL Dammam Unveiled In China And Set To Serve Strong Global Industrial Project Demand
01 Jul, 2025
Global project heavy lift specialist AAL Shipping (AAL) is preparing to take delivery of its sixth 32,000-deadweight (DWT), 700 metric tonne (MT) heavy lift Super B-Class vessel – the AAL Dammam. Unveiled at a naming ceremony at the CSSC Huangpu Wenchong Shipyard in Guangzhou, China, she is part of an eight-vessel newbuild fleet totalling 256,000 ...
Maritime Experts Unite To Give Their Backing To Global Anti-Bullying Campaign And Invite Others To Join The Cause
01 Jul, 2025
In a webinar organised by the Maritime Authority of Jamaica this week, some of the top names in the maritime world came together to endorse the International Maritime Organization’s Day of the Seafarer initiative. This year Day of the Seafarer took the theme of ‘My Harassment-Free Ship,’ stating that bullying and harassment was unacceptable in ...
Unity Ship Management Adopts BASSnet SaaS to Streamline Fleet-Wide Operations
01 Jul, 2025
BASS Software is proud to announce a new contract with Unity Ship Management (‘USM’) for the full suite of BASSnet SaaS solutions, covering 21 vessels and office operations. This major customer signing for 2025 reinforces BASS’s momentum as a leading provider of end-to-end maritime ERP cloud solutions for fleets of all sizes. USM, which manages ...
