Starting from May 1, 2025, the Mediterranean Sea will be officially designated as an Emission Control Area (ECA) for sulphur oxides (SOx) under MARPOL Annex VI Regulation 14, as adopted by the International Maritime Organization (IMO). This important development...

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The Club has been receiving enquiries and requests for draft charter clauses from members about the proposed U.S. ‘Make Shipbuilding Great Again’ Order and potential imposition of port charges/tariffs on Chinese built/operated ships/fleets. The U.S. Trade...

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The Poseidon Principles for Marine Insurance continue to take a leadership role in supporting global shipping decarbonisation with the release of their third annual disclosure report. This year’s report includes contributions from nine signatories and nine affiliate...

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Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said. After Russian forces made gains in 2024, President Donald Trump reversed U.S. policy...

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Average spot rates from Far East to US now fallen below average long term contract rates. Far East to US West Coast freight rates on 20 March 2025: Average spot rate – USD 2 680 per FEU (40ft container) Average long term rate – USD 2 815 per FEU Far East to US East...

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Clean LR2 MEG LR2’s looked to have reached the top for their current freight spike for the moment. The TC1 75kt MEG/Japan index reached WS166.94 where is paused and is now at WS164.17. A TC20 90kt MEG/UK-Continent assessment climbed to $4.225m then dipped back to...

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