Ετικέτα: Shipping Industry

  • 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

    Freight Rate Fluctuations Across Shipping Sectors: A Comparative Analysis

    Shipping Sector Peak Freight Rates & Date Recent Freight Rates & Date % Change from Peak Key Factors Affecting Rates Container Shipping $10,377 per 40ft container (Sept 2021) $3,364 per 40ft container (Jan 30, 2025) -68% Post-pandemic trade normalization, reduced port congestion, demand stabilization LNG Shipping $100,000+ per day (Mid-2022) $4,250 per day (Feb 4, […]

  • 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

    Surge in Sea Robbery Incidents in the Singapore Strait: ReCAAP Urges Increased Vigilance and Enforcement

    In the period between 1 January and 3 February 2025, the ReCAAP Information Sharing Centre (ISC) reported 11 incidents of sea robbery on vessels navigating the eastbound lane of the Singapore Strait’s Traffic Separation Scheme (TSS). Alarmingly, six of these incidents occurred in just the last week, from 26 January to 3 February. Robberies took […]