• Recorded the highest number of container ship orders in 18 years since the shipbuilding supercycle in 2007

• Signed large-scale supply contract with HMM: HD Hyundai Heavy Industries and HD Hyundai Samho to deliver consecutively through 2029

Η Ναυτιλιακή εταιρεία Element Shipmanagement S.A. ανακοίνωσε την είσοδο της στον τομέα των bulker με την εξαγορά του M/V Union Groove (tbr LM Demeter).

Resolutions adopted on the 2026-2027 budget, revised strategic plan and capacity development support for Member States.

With the uncertainty continuing in the Red Sea, we are yet to hear any carrier formally announce to the market that they will resume regular Red Sea transits, but if this does happen early next year this will change the dynamic for the trades ex Far East to Europe, the Med and East coast USA, with faster transits times and more frequent services.

LNG

The LNG market began to cool slightly this week after a few weeks of sharp gains, with activity slowing and signs emerging that rates may be starting to level off. Even so, the market remains heavily influenced by how the tight 2-stroke tonnage list evolves, keeping sentiment cautiously firm.

Clean

LR2

LR2 performance in the MEG weakened this week. The TC1 75kt MEG/Japan index began at WS183.33 and then slid steadily to WS158.89 by week’s end.A voyage west on TC20 90kt MEG/UK-Continent also took a dive.