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Friday, 4 September 2026 Reading Room

Business

Shipping and shipbuilding leaders call for closer ties amid industry transformation

Chinese shipbuilders and European shipowners called for closer collaboration on vessel development, alternative fuels and digitalization during the inaugural China-Europe Maritime Summit at SMM 2026. The summit, jointly organized by the China Association of the National Shipbuilding Industry (CANSI), the German Shipowners’ Association (VDR) and DNV, brought together leaders from two maritime…

hellenicshippingnews.com ·

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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The Week in Alt Fuels: IMO talks resume amid policy divide

Divisions over the ambition, costs and fuel pathways of the IMO’s Net-Zero Framework continue as the GHG working group reconvenes for negotiations this week.

  • 22nd ISWG-GHG 22 underway in London to discuss IMO's Net-Zero Framework.
  • Liberia and Panama propose affordability-based GHG reduction targets.
  • US supports LNG and LBM as long-term shipping fuels.

·hellenicshippingnews.com

Drewry: World Container Index Up 5% Last Week

For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts.

  • World Container Index up 5% last week to $4,465 per container
  • Transpacific routes growth balanced by Asia-Europe decline
  • Spot rates from Shanghai to LA surged 5% to $7,185

·hellenicshippingnews.com

Spot rates into US East Coast close in on Covid-19 peak while reliability deteriorates

The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter…

  • Spot rates near record levels at US East Coast, 14% shy of Covid-19 peak
  • Middle East conflict and July surge drove rates up $1,000/FEU
  • European rates dropped 18%, Mediterranean rates fell 28% since July

·hellenicshippingnews.com

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