News Flash | Sea and Job

Asia-US container rates plunge; liquid chem tanker rates stable to softer

Rates for shipping containers from Asia to the US fell significantly this week on increased capacity, while spot rates for liquid chemical tankers were stable to softer. CONTAINER RATES Global average container rates continue to fall, dropping by 10% this week,...

Hill Dickinson forms alliance in Greece with leading Marshall Islands law firm Reeder Simpson & Magee

International maritime law firm Hill Dickinson has announced an alliance with Marshall Islands attorneys, Reeder Simpson & Magee (RSM). It marks the latest move in Hill Dickinson’s international growth strategy and expands the firm’s offshore legal jurisdictions...

Tankers: VLCC Market On Correction Mode After Peaking Mid-Week

Clean LR2 Following on from the notable improvements MEG LR2’s stagnated this week. The TC1 75Kt MEG/Japan index subsequently floated around the WS125 level and TC20 90kt MEG/UK-Continent assessments paused around $3.4 million. West of Suez, Mediterranean/East LR2’s...

Support grows for the GHG levy, as more countries see it as a viable measure to meet climate and equity goals of the IMO

The 18th Intersessional Working Group on GHGs has concluded with the GHG levy in combination with a Global Fuel Standard as the most favoured candidate mid-term measure for reducing GHG emissions from shipping, with majority support across the African participants,...

GARD: Good renewal with upgraded customer portal

This year’s renewal was further facilitated by digital enhancements to Gard’s customer portal, ensuring a more seamless, transparent and efficient customer experience. Over the past 12 months, 13.2 million GT have been added, bringing the club’s mutual tonnage to a...

Dry Bulk Shipping: India’s Coal Imports Slowed Down in 2024

India’s coal imports edged downwards during 2024, having a negative impact on dry bulk shipping. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabotage),...

Asia-US container rates plunge; liquid chem tanker rates stable to softer

Hill Dickinson forms alliance in Greece with leading Marshall Islands law firm Reeder Simpson & Magee

Tankers: VLCC Market On Correction Mode After Peaking Mid-Week

Support grows for the GHG levy, as more countries see it as a viable measure to meet climate and equity goals of the IMO

GARD: Good renewal with upgraded customer portal

Dry Bulk Shipping: India’s Coal Imports Slowed Down in 2024

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