Latest maritime market updates and reports
gCaptain
Dominion Energy's offshore wind project costs have risen to $11.5 billion, reflecting a $300 million increase due to a temporary federal work stoppage and rising tariff costs, as reported by gCaptain.
Seatrade Maritime
According to Seatrade Maritime, the LNG fleet capacity is projected to double by 2030 despite an increase in vessel demolitions. This growth is expected to be supported by a significant expansion in LNG production capacity, potentially balancing the rising vessel supply.
Seatrade Maritime
According to Seatrade Maritime, the container market has experienced volatility with cancelled sailings disrupting the expected pre-Lunar New Year rush, halting activities earlier than anticipated. This has affected market optimism as the Chinese holidays approach.
Seatrade Maritime
According to Seatrade Maritime, high rates in the dry bulk market could persist into 2026, led by capesize vessels, unless shipping activities return to the Red Sea. Bimco predicts a softer market in 2027.
Splash247
According to Splash247, global aluminium production has nearly tripled since 2000, significantly impacting the dry bulk market with seaborne bauxite trade reaching a new record last year. Analysis by Ursa Shipbrokers, using data from the International Aluminium Institute, highlights this growth in primary aluminium output.
