Container lines need higher freight rates to cover massive fuel bills stemming from the Hormuz crisis. The lines are having some success — spot rates rose sharply this week

Freight rates are climbing but Hapag-Lloyd says the Hormuz crisis won’t be a repeat of coronavirus-era windfalls

The Hormuz crisis is set to cast long-term impacts on Asian buyers with demand destruction touted as a possible outcome amid changing trade flows

Odessa, a suezmax oil tanker of 160,000 dwt operated by Greece-based Dynacom, was reported to pass through Hormuz on the day when Iran opened up the strait

Constraints on bulk carrier shipbuilding capacity have shifted buyer interest toward the secondhand market

China’s ‘systemic advantage’ will prove pivotal in driving the country’s green fuel development, says CY Leung, an adviser to the Hong Kong Chamber of Shipping  and a senior statesman within China’s top political advisory body

Europe is leading sustainably fuelled ship orders, but almost three quarters of sustainable fuel production is coming from Asia — without a shift in that imbalance EU shipping risks being diminished

The crisis in Hormuz has forced bunker fuel sellers to blend bunkers with other components to mitigate rising costs. Shipowners should clarify origin of fuels and conduct further tests

Newbuilding contracts reflect industry shift towards dual-purpose vessels able to transport both LPG and ammonia because of expectations of growing ammonia trade

Cosco Shipping Holding’s new order underscores a strategy to navigate disruptions in the global supply chain by actively upgrading its fleet structure

There are a significant number of bulkers stuck in the Middle East Gulf, but there are less visible constraints on tonnage supply elevating the market