Maritime news . Week 44

Shipping Pushes Back on EU Climate Rules

The IMO has delayed its vote on the Net Zero Framework (NZF) for shipping by a year after political tensions and threats of sanctions disrupted talks. Critics argue the plan functions more as a tax than a real decarbonisation strategy, since scalable zero-carbon fuels or technologies aren’t yet available. Some proposed fuels, like ammonia and methanol, pose safety and maintenance challenges, while nuclear power faces legal and public acceptance barriers. Observers note that both the NZF and EU sanctions against Russia reflect a broader decline in global influence of the EU.

https://splash247.com/shipping-calls-time-on-eu-climate-overreach/?utm_source=inst&utm_medium=smm&utm_campaign=

VLCC Rates Hit New Highs

VLCC freight rates have surged past $125,000 per day on the Middle East–Asia route — the highest levels in years — as vessel availability tightens sharply. Charterers are struggling to secure ships, with some routes receiving only one quote per date, while US Gulf activity also pushes rates up to $13 million per voyage. Analysts at SEB and Jefferies predict continued strength, noting that supply and demand in the Middle East Gulf are now nearly balanced at 1:1. As brokers put it — “Winter is coming.”

https://splash247.com/surging-vlccs-enter-pick-a-number-territory/?utm_source=inst&utm_medium=smm&utm_campaign=

Cautious Return to the Red Sea

After months of avoiding the Red Sea due to Houthi attacks, some ships are cautiously returning. CMA CGM is sending two large vessels via the Suez Canal — the first alliance service to do so since 2023. A Russian LNG carrier and a crude tanker have also reappeared in the area, drawing attention from ship trackers. With a fragile Israel-Hamas ceasefire, operators are watching closely to see if the region truly becomes safe for broader trade resumption.

https://splash247.com/shipping-tests-the-red-sea-again/?utm_source=inst&utm_medium=smm&utm_campaign=

International Seaways sells two MRs

US-listed International Seaways continues to downsize its fleet, selling two 48,000 dwt ice-class MR tankers — Seaways Gatun and Seaways Huron — built in 2007 at Hyundai Mipo. The vessels were acquired by European buyers for about $12.5 million each, with Norway’s Champion Tankers reportedly involved. This marks the company’s tenth sale since May and seventh MR2 deal this year, as it capitalizes on strong secondhand values for older ships.

https://splash247.com/international-seaways-parts-...?utm_source=inst&utm_medium=smm&utm_campaign=