trades
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Port News
VLCC asset prices defy gravity as five-year-old tonnage trades above newbuild contracts
The Hormuz crisis has broken the tanker market’s age depreciation curve entirely, with five-year-old VLCCs now trading above the price…
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Port News
Ethanol enters ore trades as Vale signs for Shandong VLOC newbuilds
Brazilian mining giant Vale is pushing ahead with ethanol as a marine fuel, agreeing with China’s Shandong Shipping to build…
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Port News
UK hits shadow fleet and LNG trades in fresh Russia sanctions push
The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine,…
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Port News
US forces seize sixth tanker linked to Venezuelan trades
US Southern Command has apprehended the 2003-built Veronica aframax during a pre-dawn operation yesterday, the sixth tanker with Venezuelan links…
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Port News
Simandou opens, reshaping the capesize trades
The long-awaited Simandou iron ore project has finally roared to life — a $20bn gamechanger set to shake up global…
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Maritime News
Colonna’s Shipyard Opens New Trades Training Building In Norfolk
Colonna’s Shipyard, Inc., celebrated the opening of its new Trades Training Building last week, marking a major investment in workforce…
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Maritime News
Indonesia Scrutinizes Scrap Steel and Shrimp Trades After Cesium Scare
After a radioactive-shrimp scare earlier this year, the government of Indonesia is now requiring exporters to certify that their product…
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Marine World
Container Spot Rates Extend Decline Across Main East-West Trades
Due to China’s Golden Week holiday, underway since Wednesday, there was no Shanghai Containerised Freight Index (SCFI) this week –…
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Marine World
Golden Week Gloom: Container Spot Rates Tumble Across East-West Trades
With the Chinese Golden Week holiday beginning next Wednesday, there was little surprise that spot rates on the main east-west…
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Port News
MOL teams with Suzuki and TradeWaltz to drive India–Africa car trades
Mitsui OSK Lines (MOL) has inked a memorandum of understanding (MoU) with Suzuki Motor Corporation and digital trade platform TradeWaltz…
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