The formation of new alliances and dissolution of old ones is set to reshape the shipping industry in 2025 as major players jostle for market share in an increasingly dynamic trade environment. The end of 2M and THE Alliance – previously responsible for 34.4% of...

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Japan-delivered LSFO prices are currently the cheapest among the major regional bunkering locations for the first time this year following a sluggish November, with demand prospects in December remaining bleak amid a weaker-than-expected shipping market. Platts, part...

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The United States is imposing sanctions on 35 entities and vessels that play a critical role in transporting illicit Iranian petroleum to foreign markets. This action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a 15-month low on Wednesday, dragged down by lower capesize rates. The index, which factors in rates for capesize, panamax and supramax shipping...

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As part of its continued effort to drive sustainability in the maritime industry, German container line Hapag-Lloyd succeeds in reducing both emissions and operational costs through implementing Shipshave’s In Transit Cleaning of Hull (ITCH) solution, with the results...

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