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MACN welcomes its first classification society members: ABS, DNV and RINA

At its General Assembly on 30 April 2026, members of the Maritime Anti-Corruption Network (MACN) voted in favor of opening MACN membership to classification societies.

  • MACN welcomes ABS, DNV, and RINA as first classification society members on 30 April 2026
  • Classification societies vital for vessel lifecycle safety and compliance
  • Enhanced MACN network through expanded membership of leading classification societies

The Week in Alt Fuels: The cold feet conundrum

The energy sector is developing zero-emission bunker fuel supply and infrastructure to meet the IMO’s 2030 target of 5-10% uptake. But vessel orders and commercial demand are struggling to keep pace.

  • IMO targets 5-10% zero emission energy in shipping by 2030
  • Fuel demand low despite ships being ordered with zero-emission capability
  • Cargo owners pay only 3% premium for low-emission fuels, down from 4.5% in 2024

Drewry: World Container Index Down 1% Last Week

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

  • Drewry World Container Index drops 1%, settles at $4,468 per 40ft container
  • Asia-Europe trade route rates fall 5%, especially to Genoa and Rotterdam
  • Blank sailings increase to 15 announced for next week, signaling limited capacity

GMS Week 39 – Earnings Roar, Supply Retreats

Last week, constrained passage through Hormuz was the story. This week, the cost of moving through it has become the louder one.

  • Tanker earnings exceeded $1 million per day due to high costs in Hormuz Strait
  • Crude prices fluctuated between $94 and $106 per barrel throughout the week
  • Baltic Dry Index reached 3,473 on Thursday, indicating strong dry freight earnings

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