Latest maritime market updates and reports
Splash247
A.P. Moller Capital has successfully closed a Morocco-focused transport and logistics fund with total commitments of MAD1.64bn ($178m), as reported by Splash247. Additionally, the Emerging Markets Infrastructure Fund II K/S has contributed MAD600m, bringing the total available for investments to $243m.
Seatrade Maritime
Seatrade Maritime reports that the US Supreme Court has struck down Trump's Liberation Day tariffs, leading to President responding with a 15% global tariff. This decision raises questions about its effects on shipping and trade.
gCaptain
A tanker reportedly carrying Russian fuels is en route to Cuba, testing the sanctions imposed by former US President Donald Trump, as reported by gCaptain. The development raises questions about the effectiveness of the blockade amid ongoing geopolitical tensions.
gCaptain
The U.S. Supreme Court has invalidated tariffs imposed by former President Donald Trump under the International Emergency Economic Powers Act, as reported by gCaptain. The 6-3 decision is expected to cause significant disruptions in global supply chains.
gCaptain
Oil supertanker rates are poised to reach their highest levels this decade due to the escalating risk of a US attack on Iran, as reported by gCaptain. The concentration of vessel ownership is also contributing to the rising costs.
gCaptain
Chinese refiners are purchasing Russian oil cargoes that have been avoided by India, assisting Moscow in mitigating a decline in purchases from its largest seaborne buyer, as reported by gCaptain.
Splash247
Splash247 reports that DHT Holdings has secured a lucrative one-year time charter for its VLCC DHT Taiga at a rate of $94,000 per day. The deal, made with an unnamed global energy company, involves the 2012-built vessel and is set to commence in March.
Seatrade Maritime
Seatrade Maritime reports on significant maritime developments, including Hapag-Lloyd's container consolidation efforts and a new US port fee introduced under Trump's Maritime Action. Additionally, Maersk and DP World have announced a terminal partnership in Saudi Arabia.
gCaptain
Global container shipping rates have dropped for the sixth week in a row, decreasing by 1% to $1,919 per 40-foot container, as reported by gCaptain. The anticipated pre-Lunar New Year surge in cargo has not materialized, contributing to the continued decline.
Seatrade Maritime
Seatrade Maritime reports that Hamburg has experienced an increase in throughput, driven by growth in container volumes. Despite a decline in US volumes due to tariffs imposed by the Trump administration, both China and India have shown increased throughput, contributing to the overall positive trend.
