U.S. President Donald Trump’s regulatory freeze has injected chaos and uncertainty into a number of lucrative American fisheries, raising the risk of a delayed start to the fishing season for some East Coast cod and haddock fleets and leading to overfishing of Atlantic bluefin tuna, according to Reuters interviews with industry groups and federal government employees.
The last 12 months has seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market.The report states that the newbuild market experienced continued growth, with a notable rise in orders, particularly in the Post/Panamax and Capesize sectors.
New U.S. tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a provider of maritime freight management solutions and data intelligence.The report states that U.S.
As the shipping world prepares to descend on Oslo for Nor’ Shipping 2025, we take a look at the Norwegian fleet which is currently valued at USD 66.2 bn using VesselsValue data. The following charts highlight the Norwegian fleet breakdown by vessel type, top Norwegian companies, S&P transactions, and the breakdown of dual fuel orders by sector.
The time charter (TC) rates for Post Panamax container vessels rose by 111% year-on-year (y-o-y) in 2024, hitting 73,330 USD/Day, and has led to a huge uptick in newbuild orders and a slowdown in demolitions according to Veson Nautical’s ‘2024 End- Of-Year-Report’.The report states that the bullish market conditions for the container sector are reflected in the TC rates as well as the 76% y-o-y
With the election (largely) settled, we turn our attention to the challenges and opportunities that the new Administration and Congress hold for maritime stakeholders.Maritime Challenges Out (and at) the GatesOn October 3, 2024, the United States Maritime Alliance (USMX) and the International Longshoremen's Association, AFL-CIO (ILA) reached a tentative agreement on wages
Using data from VesselsValue, a Veson Nautical solution, Rebecca Galanopoulos has analyzed the global container fleet, finding Swiss based MSC currently owns the most expensive fleet with a value of $49.6 billion.This company is also the largest in terms of vessel numbers with a total of 707 vessels, of which 584 are live and 125 on order.
The High Seas Treaty has reached the milestone of 60 state ratifications needed to trigger its entry into force.Sri Lanka, St. Vincent and the Grenadines, Sierra Leone and Morocco deposited ratification instruments at the United Nations General Assembly on September 19.Formally known as the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable
Coast Guard and Maritime Transportation Subcommittee Chairman Mike Ezell (R-MS) delivered his opening remarks at the July 22 hearing on the Federal Maritime Commission (FMC) budget request highlighting his interest in the impact of flags of convenience.The FMC is an independent agency responsible for the regulation of ocean-borne transportation in the foreign commerce of the United States.
Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.Based on VesselsValue data, the fleet consists of 36 live LNG and LPG vessels with a further 30 on order.
A U.S. Coast Guard cutter crossing the Tasman Sea as part of maritime security cooperation with Australia and New Zealand knew Chinese naval ships were in the area but had no interaction with them, its commanding officer said on Tuesday.China's navy held live-fire exercises on Friday and Saturday in international waters between Australia and New Zealand that Australian officials have described
Twenty horses have been found travelling on an illegal transport in horrific conditions, reports World Horse Welfare.Some of the horses are suspected of being smuggled for fattening and slaughter despite the ban on live exports in May 2024.Those on board included Irish Thoroughbreds, Connemaras and leisure ponies – alongside animals that were being moved legitimately.