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Xeneta Summit: Analysts forecast ocean freight spot rates to fall 30% in 2027 as Red Sea return sees capacity flooding back

Global ocean container shipping spot rates are forecast to fall 30% in 2027, according to the Xeneta Ocean Outlook Report unveiled today by Chief Analyst Peter Sand to more than 800 industry leaders from the world’s largest shippers and logistics service providers gathered at the annual Xeneta Summit in Munich. Xeneta – the leading neutral ...

hellenicshippingnews.com ·2h ago

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

Read the original at hellenicshippingnews.com →

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Iran says five tankers and tugboat caught fire in Hormuz

Five oil tankers and a tugboat caught fire in the Strait of Hormuz, Iran’s Revolutionary Guards and army said in separate statements, according to local media on Thursday.

2h ago ·hellenicshippingnews.com

IMO Council backs second term for Secretary-General Arsenio Dominguez

The IMO Council has decided to extend the mandate of Secretary-General Arsenio Dominguez for a second four-year term, from 1 January 2028 to 31 December 2031.

IMO Council extends Secretary-General Arsenio Dominguez's term for another four years.
Dominguez's new mandate runs from January 1, 2028, to December 31, 2031.
Decision forwarded to IMO Assembly for final approval in late 2027.

2h ago ·hellenicshippingnews.com

Fujairah’s LSMGO premium over Singapore widens by around $180/mt since September

Fujairah’s LSMGO price stood around $430/mt above Singapore’s this week, up from around $250/mt at the start of September.

Fujairah's LSMGO premium over Singapore widened by $180/mt since September
October's monthly average LSMGO price at Fujairah hit $1,720/mt
Supply limitations and US-Iran tensions disrupt vessel traffic

2h ago ·hellenicshippingnews.com

Inmarsat Maritime Safety Data Hub to help shipping weather the storm

Deep-sea shipping is an inherently hazardous enterprise and the many operational risks faced by vessels, cargo, and crew will likely never be eliminated entirely.

2h ago ·hellenicshippingnews.com

Seven Shadow Fleet Tankers Spoof AIS to Hide Novorossiysk Voyages

Sanctioned Tankers Fake Their Positions Near the Bosphorus A cluster of seven sanctioned Russian tankers were found to have routinely and deliberately manipulated AIS over the past 90 days to falsely…

Seven sanctioned Russian tankers spoofed AIS data to hide voyages.
AIS spoofing involved claiming drift off Black Sea, while secretly sailing to Novorossiysk.
Satellite imagery revealed deceptive maneuvers, aiding sanctions enforcement.

2h ago ·hellenicshippingnews.com

Newbuilding Orders Piling Up

The newbuilding market has remained very elevated over the past week, as owners have kept securing more orders. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity…

2h ago ·hellenicshippingnews.com

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