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In a maritime market increasingly defined by volatility, from war in the Middle East and the resulting whiplash freight and energy rates, William Doyle chose a moment of celebration in New Orleans to deliver a message grounded in something far…
https://www.marinelink.com/news/dcas-doyle-delivers-vigorous-jones-act-537140
https://www.marinelink.com/news/dcas-doyle-delivers-vigorous-jones-act-537140Iran said on Sunday it would strike the energy and water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with a threat to hit Iran's electricity grid in 48 hours, escalating the three-week-old war.The…
https://www.marinelink.com/news/iran-trades-threats-trump-537141
https://www.marinelink.com/news/iran-trades-threats-trump-537141Europe’s utilities and traders are preparing to step up seaborne thermal coal purchases as the Middle East conflict adds volatility to gas markets and revives the economics of gas-to-coal switching ahead of summer demand, market participants said. The pickup is expected first in spot restocking into Northwest Europe, with some market participants warning the impact ...
https://www.hellenicshippingnews.com/european-thermal-coal-imports-may-rise-as-middle-east-war-jolts-gas-supply-outlook/Capesize It was a week of mixed route performance in the Capesize market. Following a positive close on Friday, the Capesize Timecharter Average (C5TC 182) ultimately rose by $817 week-on-week. The C3 Brazil to China route edged above $30, a level last seen in July 2024 with the current laycans across both the first and ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-a-high-note/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-end-the-week-on-a-high-note/The French Navy seized an oil tanker on Friday in the Western Mediterranean that President Emmanuel Macron said belonged to Russia's shadow fleet, a network of vessels that enables Moscow to export oil despite Western sanctions.Local officials…
https://www.marinelink.com/news/france-boards-tanker-mediterranean-linked-537132
https://www.marinelink.com/news/france-boards-tanker-mediterranean-linked-537132A tanker carrying fuel originally bound for Cuba on Friday changed its destination to Trinidad and Tobago, according to LSEG ship-tracking data, a blow for the island amid a severe fuel scarcity that has triggered power blackouts.The Hong Kong…
https://www.marinelink.com/news/tanker-bound-cuba-fuel-cargo-diverts-537134
https://www.marinelink.com/news/tanker-bound-cuba-fuel-cargo-diverts-537134A damaged Russian LNG tanker that has been drifting unmanned in the Mediterranean for more than two weeks, risking a major ecological disaster, is four to six days from Libya’s shores, an Italian official said on Friday.The Arctic Metagaz, carrying LNG from the Arctic port of Murmansk, has been unma
https://www.marinelink.com/news/damaged-russian-tanker-drifts-towards-537135
https://www.marinelink.com/news/damaged-russian-tanker-drifts-towards-537135Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in coming days after a pause in voyages, with no crude oil tankers having transited the waterway in the past 24 hours, according to shipping data…
https://www.marinelink.com/news/indian-gas-tankers-prepare-sail-strait-537136
https://www.marinelink.com/news/indian-gas-tankers-prepare-sail-strait-537136The U.S. military is deploying a large amphibious assault ship with thousands of additional Marines and sailors to the Middle East, three U.S. officials told Reuters on Friday, as Iran's new supreme leader hailed Iran's "unity" and "resistance".Reuters had reported that Washington…
https://www.marinelink.com/news/us-deploy-amphibious-assault-ship-marines-537137
https://www.marinelink.com/news/us-deploy-amphibious-assault-ship-marines-537137Surging bunker prices are reshaping freight dynamics, with fuel costs now accounting for a significantly larger share of freight than usual. While all vessels are exposed to high prices, scrubber-fitted ships remain relatively better positioned. This creates further upside risk for freight rates despite limited disruption to dry bulk fundamentals. While the US/Israel–Iran conflict has ...
https://www.hellenicshippingnews.com/rising-costs-the-surge-in-bunker-prices-is-reshaping-dry-bulk-freight-dynamics/