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Maersk Europe Market Update – January 2026

Maersk Europe Market Update – January 2026

Ocean and Key Ports Update On 19th December 2025, a Maersk vessel sailing on the MECL service successfully completed transit...
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Carriers to pass higher EU ETS costs on to customers

Carriers to pass higher EU ETS costs on to customers

Major global container liners have informed customers of higher tariff surcharges due to changes in the EU Emissions Trading System...
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Vitol to load first diluent cargo under Venezuela supply deal this weekend, sources say

Vitol to load first diluent cargo under Venezuela supply deal this weekend, sources say

Commodities trader Vitol is expected to load the first cargo of naphtha from the U.S. to Venezuela this weekend under...
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Drewry: Intra-Asia Container Index Down 5%

Drewry: Intra-Asia Container Index Down 5%

Updated weekly, Drewry’s Intra-Asia Container Index (IACI) decreased 5% in the second week of January, reaching $665 per 40ft container....
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US seizes fifth oil tanker linked to Venezuela, officials say

US seizes fifth oil tanker linked to Venezuela, officials say

US forces have seized another tanker in the Caribbean Sea, officials say, as the Trump administration continues its efforts to...
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Companies scramble to secure ships, assemble operations to transfer Venezuelan oil, sources say

Companies scramble to secure ships, assemble operations to transfer Venezuelan oil, sources say

Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas...
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US seeks to assert its control over Venezuelan oil with tanker seizures and sales worldwide

US seeks to assert its control over Venezuelan oil with tanker seizures and sales worldwide

President Donald Trump’s administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers...
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Tanker Market: VLCC Rates on the Rise

Tanker Market: VLCC Rates on the Rise

Clean LR2 MEG LR2’s improved optimistically this week. The TC1 75kt MEG/Japan index rose 12 points to WS180. This moved...
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China issues crude oil import quotas to ex-Sinochem refineries, sources say

China issues crude oil import quotas to ex-Sinochem refineries, sources say

China has issued crude oil import quotas for 2026 to three refineries based in Shandong province, which were sold last...
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Frontline – Strategic Fleet Renewal and Expansion

Frontline – Strategic Fleet Renewal and Expansion

Frontline plc. announces a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older...
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Shipbreaking Monthly: European Parliament adopts the Omnibus I deregulation package

Shipbreaking Monthly: European Parliament adopts the Omnibus I deregulation package

Happy 2026! The Shipbreaking Platform team would like to wish you all a year full of happiness, compassion, and good...
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MOL, ITOCHU Sign MOU for Strategic Partnership to Promote Use of Environmental Attribute Certificates- Toward Decarbonizing the Transportation Sector

MOL, ITOCHU Sign MOU for Strategic Partnership to Promote Use of Environmental Attribute Certificates- Toward Decarbonizing the Transportation Sector

Mitsui O.S.K. Lines, Ltd. announced the signing of a memorandum of understanding (MOU) for a strategic partnership with ITOCHU Corporation...
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Maritime cocaine smuggling – a European perspective

Maritime cocaine smuggling – a European perspective

Gard recently provided an overview of cocaine trafficking as it effects commercial vessels, operations and crew. Based on the report...
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Europe’s surging LNG imports in 2025 reshape gas supply dynamics: traders

Europe’s surging LNG imports in 2025 reshape gas supply dynamics: traders

Europe’s LNG imports in 2025, surpassing volumes seen in prior years, have reshaped the continent’s gas supply dynamics, according to...
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VINSSEN Secures Type Approval from KR and ABS for 150kW Marine Fuel Cell Module

VINSSEN Secures Type Approval from KR and ABS for 150kW Marine Fuel Cell Module

VINSSEN, a maritime decarbonization technology company specializing in hydrogen fuel cells and integrated system solutions, announced that it has obtained...
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132 incidents of piracy and armed robbery against ships in Asia reported to ReCAAP Information Sharing Centre in 2025

132 incidents of piracy and armed robbery against ships in Asia reported to ReCAAP Information Sharing Centre in 2025

The ReCAAP Information Sharing Centre (ISC) issued its 2025 annual report on piracy and armed robbery against ships in Asia...
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US in process of seizing Olina tanker in the Caribbean, US official says

US in process of seizing Olina tanker in the Caribbean, US official says

The U.S. is in the process of seizing the Olina tanker in the Caribbean near Trinidad in the fifth such...
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Baltic index logs weekly loss on capesize, supramax weakness

Baltic index logs weekly loss on capesize, supramax weakness

The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday and...
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Beyond borders: how new trade and investment corridors are reshaping global business

Beyond borders: how new trade and investment corridors are reshaping global business

There is currently an unprecedented level of disruption in the global economy. This disruption stems from a combination of multiple...
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Vitol and Trafigura in talks with US on Venezuelan oil sales, sources say

Vitol and Trafigura in talks with US on Venezuelan oil sales, sources say

Vitol and Trafigura, two of the world’s largest commodity traders, are in talks with the administration of U.S. President Donald...
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