Κατηγορία: News

  • The Shipping Almanac

    The Shadow Fleet Under Scrutiny: G7’s Struggle to Curb Sanctions Evasion

    The «shadow fleet,» a network of tankers now numbering in the hundreds, has swiftly emerged as a consequence of the G7’s price-cap policy aimed at curbing Russia’s oil revenues. With restrictions limiting Russia’s ability to sell crude oil at market rates, a sophisticated system of covert shipping operations has arisen to sidestep these sanctions, posing […]

  • The Shipping Almanac

    The Arctic Icebreaker Race: Geopolitical Implications and Strategic Interests

    In the competition for Arctic dominance, icebreakers are becoming essential tools for trade, resource extraction, and military influence. Russia is the undisputed leader in icebreakers, with at least 50 vessels, including 13 Arctic-capable ones and seven nuclear-powered, along with an extensive network of ports in the region. China reportedly has four icebreakers suitable for Arctic […]

  • The Shipping Almanac

    Oil Prices Head for Third Consecutive Weekly Decline Amid Trade War Concerns

    Oil prices managed to close with modest gains on Friday, buoyed by fresh U.S. sanctions on Iran’s crude exports. However, the market remained on track for a third straight weekly decline as investor concerns over renewed trade tensions and tariff threats weighed heavily on sentiment. Brent crude futures settled at $74.66 per barrel, rising 37 […]

  • The Shipping Almanac

    Oil Industry Weighs Return to Red Sea as Security Concerns Persist

    As tensions in the Red Sea begin to ease, oil executives are weighing the possibility of resuming navigation through the crucial waterway leading to the Suez Canal. However, companies remain wary, carefully assessing the security landscape and the actions of their competitors before making any major moves. A significant test of this shift came earlier […]

  • The Shipping Almanac

    Trends in the Marine Fuel Market: Steady Growth, Regional Shifts, and the Future of LNG and E-Fuels

    The global marine fuel market is on track for modest growth, with demand expected to rise by just 2% by 2030. This slow pace is primarily driven by advances in fuel efficiency within the shipping industry. As a result, while international maritime trade is anticipated to increase by 13% over the same period, fuel consumption […]

  • The Shipping Almanac

    Dry Bulk Newbuild Orders Collapse Amid Market Uncertainty

    A Drastic Slowdown in Contracting Signals Caution Among Shipowners The dry bulk sector is experiencing a sharp decline in newbuilding activity, with contracting levels plummeting 70% below the annual average in recent months. This slowdown reflects the challenges shipowners face amid falling freight rates, economic uncertainty, and hesitation over future fuel choices. In October 2024, […]

  • The Shipping Almanac

    Containership Orderbook Hits Record High, But Scrapping Declines: Industry Faces Challenges

    The containership orderbook has reached a new high in 2024, with a total of 8.3 million TEU, surpassing the previous peak of 7.8 million TEU set just a year earlier. This surge in new orders is primarily driven by the need to replace aging ships that no longer comply with increasingly stringent environmental regulations. Despite […]

  • The Shipping Almanac

    Tanker Fleet Expansion in 2025: Growth or Imbalance?

    The product tanker market is set for a significant shake-up in 2025, with newbuild deliveries projected to surge to 12 million deadweight tonnes (DWT). This marks a staggering 256% increase from the 3.4 million DWT delivered in 2024, reaching a 16-year high and the second-highest level on record. While this influx of new tonnage suggests […]

  • The Shipping Almanac

    Tanker Market in Turmoil: Shrinking Newbuilds, Aging Ships, and an Uncertain Future

    The crude oil tanker industry is undergoing a structural shift, marked by a dramatic contraction in newbuild deliveries and an increasingly aging fleet. With only 17 crude tankers (2.5 million DWT) delivered in 2024—the lowest in 36 years—the fleet has grown by a mere 0.2%, making it the slowest expansion in over two decades. Meanwhile, […]

  • The Shipping Almanac

    Revolutionizing Container Design: Experts Unite in Rotterdam to Address Pest Contamination Risks

    In a pivotal gathering in Rotterdam, experts from the global container shipping industry, biosecurity, and plant health sectors convened to address a pressing issue: the annual $423 billion cost of invasive pests. At the heart of the discussions was the urgent need for pest-resistant container designs to mitigate the risks posed by these pests in […]