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.
Steelpaint GmbH has reported strong growth in orders for corrosion protection coatings on Germany’s inland waterways, with a succession of new contracts awarded by local authorities and hydraulic engineering contractors throughout 2025.Among the raft of new projects is the work WSA Main is carrying out on the Main River at Viereth-Trunstadt.
Global trade flows have adjusted to new geopolitical developments last week, with Red Sea diversions maintaining their grip on vessel demand patterns. Against this backdrop, timecharter earnings hit their highest levels since October 2024, with Capesize rates leading the rally while smaller segments lagged behind.
Wallenius Sol took delivery of the RoRo vessel South Enabler from the Visentini Shipyard.In February 2025, a new chapter began in European shipping as Wallenius Sol announced the acquisition of Mann Lines, significantly expanding the Swedish shipping line’s customer base and presence in key markets. As part of the acquisition, a new vessel under construction was included.
Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels for Chinese-built Bulkers has fallen by c.
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
The 34th session of the Assembly of the IMO concluded in London with the adoption of a new strategy to strengthen Member State compliance with IMO rules, by expanding capacity-development support.The Capacity Development Strategy was among 22 resolutions adopted by the Assembly, including decisions on the Organization’s budget, financial statements, work program and strategic plan, among others.
CIMAC WG 7 Fuels has released a new guideline titled “Frequently Asked Questions (FAQ) - ISO 6583:2024: Methanol as a Fuel for Marine Applications – General Requirements and Specifications.”With the publication of ISO 6583:2024 in November 2024, the first standard for methanol as a marine fuel, numerous questions were expected to arise.
Western Bulk improved its trading performance (Net TC) from $15 million to $24.4 million in 2024 while restructuring the business to lower the annual G&A costs by 15 % to $22 million going forward. Excluding one-offs from restructuring and provisions, the net result was $2.6 million and Net TC $28.6 million. The net result for the entire year of 2024 ended at $-2.7 million.