International Shipping News

Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said. Freight rates in various sectors have risen as Iran seized control of the Strait of Hormuz since its war with Israel and the US began Feb. 28, limiting maritime traffic vis ...

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that, jointly with Malaysia-based MISC Berhad (MISC), it has secured a time charter contract for a newly built 12,000 m3 liquefied CO2 carrier (the Contract) from Northern Lights JV DA (Northern Lights)*1. This vessel will be constructed by Dalian Shipbuilding Offshore Co., Ltd. The Contract ...

“In May, dirty tanker exports from the Americas reached 14.5 million barrels per day (mbpd), up from the previous record of 13.8 mbpd in April. Compared to May 2025, exports are up 40% year-on-year and during the three months since the start of the Iran War, exports have risen 23% year-on-year,” says Niels Rasmussen, Chief ...

Global tanker markets faced widespread downward pressure in late May. VLCC, Suezmax, and Aframax freight rates across key routes declined due to structural oversupply and influxes of ballast vessels. While Cross-Med Aframaxes and MEG-Japan LR2s managed to trade flat or steady , MR product tankers diverged sharply. UKC-USAC rates weakened , whereas USG-UKC benchmarks surged ...

Financial performance Q1 2026 profit attributable to equity holders of the Company ended at US$164 million, representing an earnings per share of US$1.08, contributed by strong shipping performance and a significant positive unrealised MtM valuation gain in the BW Product Services trading portfolio. Commercial performance TCE income – Shipping Q1 2026 concluded at US$55,500 per ...

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for a fourth consecutive session on Wednesday, dropping by 2.5% to a one-week low of 3,124 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, slumped by 3.8% to 5,253 points; and ...

A Parallel Enforcement Track Takes Shape in the Atlantic On the enforcement side, pressure on both Iranian and Russian shadow tonnage intensified across the same reporting cycle. The U.S. Department of the Treasury issued a new Operation Economic Fury action targeting Iranian maritime extortion, expanding the cumulative enforcement track against Iranian shadow fleet logistics and ...