A clear uptick in casualties in 2024, driven by machinery damage/failure and an ageing fleet, stands out in the latest analysis of Lloyd’s List Intelligence casualty data. The number of maritime casualties rose by 15% in 2024. Coupled with a 7% rise in casualties in...

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Capesize The Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under pressure as iron ore volumes from West Australia declined. While coal cargoes from East Australia offered some support,...

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With the threat of the closure of the Hormuz Strait gaining substantial ground after the weekend’s developments, it’s safe to say that any analysis about the tanker market can immediately become obsolete. This is further testament to the volatile nature of today’s...

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The commodities sector is closing in on a strong first half of 2025, with the Bloomberg Commodity Total Return Index rising 3% over the past week and up 10% year-to-date—marking its highest level since September 2022. This rally significantly outpaces other US...

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Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped, six trade sources said on Friday. Spot premiums for Middle East benchmarks rose above $3 a barrel on Thursday, the...

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The EU Port Strategy should include a State Aid Framework for ports that boosts the competitiveness of the sector and enables it to reach EU objectives Gathered in the beautiful city of Naples for the mid-year General Assembly meeting of the organisation, FEPORT...

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