Tag: News

Steady Insurance Markets For Hull And Cargo In 2024 But Offshore Energy Business Is Challenged – Headwinds Loom For All Markets, Reports IUMI Summary The International Union of Marine Insurance (IUMI) presented its 2024 market analysis in Singapore. Global marine insurance premium income reached USD 39.92 billion, up 1.5% year-on-year. Cargo remains the biggest line […]

Tanker Market: Russian Crude Remains at the Forefront Summary Shipbroker Gibson’s latest weekly report highlights the continued resilience of Russian crude exports despite fresh Western sanctions, a lower EU price cap and higher US tariffs aimed at countries buying discounted Russian barrels. Preliminary Kpler data puts exports from western Russian terminals at roughly 2.15 mbd […]

Chinese buyers fueling 30% boom in vintage VLCC values Summary Veson Nautical’s Market Insight, ‘The Changing Face of Asian S&P Behaviour’, identifies a sharp rise in demand from Chinese buyers for older very large crude carriers (VLCCs). Over the last five years 81% of Chinese VLCC purchases were vessels older than 15 years. Prices for […]

Switching safely to low-GHG fuels and technologies Summary The maritime sector is shifting towards lower-GHG fuels (LNG, methanol, ammonia, hydrogen and biofuels) and onboard carbon-capture systems. This article outlines the safety, design and operational measures needed to manage the distinct risks of each fuel type and to enable future fuel flexibility. Early risk assessment and […]

Only Two Weeks to Go — Don’t Miss Central Asia Air Cargo Summit #2! Summary The Central Asia Air Cargo Summit #2 (organised by ATO COMM) takes place on 23–24 September 2025 at the International Hotel, Amir Temur Ave, Tashkent, Uzbekistan. The two-day summit gathers more than 30 airlines, global logistics operators, regulators and tech […]

Ship Recycling Still Looking for Solid Ground Summary The ship recycling market remained weak and largely unchanged over the week. Best Oasis reports subdued demand in India, soft recycled-steel prices in Bangladesh, growing HKC-compliant yard numbers in Pakistan but disruption from floods, and a stagnant picture in Turkey. Intermodal adds that HKC-compliance hurdles and a […]