COSCO has announced this week they will not move away from services into the USA despite the incoming USTR port charges, they have pledged to not pass on these extra costs to customers, but as time goes on the fees will increase each year, so we shall have to see.

Clean

LR2

LR2 freight levels in the MEG softened further this week. The TC1 75kt MEG/Japan index dropped from WS117.22 to WS111.94 by the end of the week, the corresponding TCE returns went from $23,829/day to $21,903/day basis Baltic Description.

Capesize

The Capesize market retained an overall firmer tone through the week, though momentum eased into the close. The BCI 5TC advanced from just under $28,000 at the start of the week, pushing through the $30,000 threshold before easing slightly to finish at $30,076.

Companies jointly pioneering future of clean shipping

At the GasTech 2025 Exhibition & Conference in Milan, Everllence, HD Hyundai Heavy Industries-Engine Machinery Division (HHI-EMD)

Ενημερώθηκε το Δ' Λιμενικό Τμήμα Περάματος του Κεντρικού Λιμεναρχείου Πειραιά για τον τραυματισμό ενός 29χρονου αλλοδαπού (υπήκοος Αιγύπτου) μέλους πληρώματος ενός φορτηγού πλοίου σημαίας Κύπρου το οποίο βρισκόταν στην ναυπηγοεπισκευαστική ζώνη Περάματος για εργασίες επισκευής.

It was a full house when decarbonization and energy efficiency took center stage at the “Energy Efficiency & Technologies Forum 2025”, hosted by DNV in Athens.