News Flash | Sea and Job

Ship recycling could double to 16,000 ships over the next 10 years

As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estimate the potential to be...

Flettner rotors, green fuels and pools: The path forward for FuelEU Maritime compliance

Since the 1st of January 2025, shipowners have faced new, strict restrictions on greenhouse gas (GHG) intensity levels when calling in EU ports. Unlike previous regulations, FuelEU Maritime is enforced by hefty penalties for non-compliance, driving action in ways...

Greek Owners More Active in the Newbuilding Market

The newbuilding market has kept on showing added momentum as more Greek owners were reportedly active last week. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector, Greek based company Dynacom exercised the option for 6 x 159,000 dwt...

First Russian-built ice-class LNG tanker to launch this year, Ifx reports

The first Russian-built ice-class tanker for liquefied natural gas is expected to go into operation in the second half of this year at the Arctic LNG 2 plant, Interfax news agency quoted tanker group Sovcomflot FLOT as saying on Wednesday. International sanctions over...

Hormuz tanker transits dip again, but contraction still limited as freight rates soar

The number of oil tankers transiting the Strait of Hormuz dipped further June 23 after edging down 5% in the week to June 22, according to S&P Global Commodities at Sea as shipowners stayed alert on regional military conflicts while freight rates continued to...

Container Shipping: BIMCO forecasts stable demand outlook despite US trade policies

We forecast a stable demand outlook for the container shipping sector in line with our previous report despite the uncertainties introduced by new US trade policies. We expect the supply/demand balance to weaken only slightly in 2025 and 2026, as our ship demand...

Ship recycling could double to 16,000 ships over the next 10 years

Flettner rotors, green fuels and pools: The path forward for FuelEU Maritime compliance

Greek Owners More Active in the Newbuilding Market

First Russian-built ice-class LNG tanker to launch this year, Ifx reports

Hormuz tanker transits dip again, but contraction still limited as freight rates soar

Container Shipping: BIMCO forecasts stable demand outlook despite US trade policies

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