HEADLINES SELECTED BY INTERCARGO (01/10/2025 – 20/10/2025)
IMO fracture deepens global climate fault lines in shipping
Shipping historians covering the International Maritime Organisation (IMO) would need to go back more than 40 years to a comparable setback to what played out on Friday and the downing of the Net-Zero Framework (NZF). (Splash 247: click here)
IMO Adjourns, Industry Responds
With negotiations on the International Maritime Organization’s Net-Zero Framework now deferred for a year, the industry is expressing frustration at the delay — but also calling for this pause to be used productively to build consensus and carve out practical, globally-applicable decarbonisation solutions (MarineLink: click here)
Safety failings exposed after seafarer falls through crane cabin floor
An investigation has highlighted a series of safety failings after a seafarer died when he fell through the glass floor of a crane cabin on a bulker during routine cleaning. (TradeWinds: click here)
Seafarer dies after falling overboard from Isle of Man-flagged vessel
The seafarer fell from a BW Group bulker World Prize three nautical miles east of the port of Ronnskar on Tuesday while preparing for the pilot’s departure. An investigation is underway after a seafarer died after falling overboard an Isle of Man-flagged vessel. (Isle of Man Today: click here)
Mauritius Cites Lack of Safety Culture and Local Failure in Wakashio Report
The Court of Investigation convened by Mauritius released a new report into the 2020 casualty of the bulker Wakashio, which broke apart after grounding and caused significant environmental damage. (The Maritime Executive: click here)
China holds off on soybean purchases due to high Brazil premiums, traders say
China has yet to secure much of its soybean supply for December and January as high premiums for Brazilian cargoes discourage buyers, a development that could prompt Beijing to tap state reserves to meet near-term needs, three trade sources said. (Hellenic Shipping News Worldwide: click here)
Bauxite steals iron ore’s thunder
Iron ore continues to dominate global dry bulk tonne-mile generation, though its relative weight has steadily declined over the past decade, from 41.5% in 2015 to a low of 36.2% in 2024, and to around 37.1% in 2025 year to date… (Splash 247: click here)
Baltic index logs weekly gain as all vessels segments rise in tandem
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday and posted a weekly gain … (Hellenic Shipping News Worldwide: click here)
Dry market report – Week 42
Capesize: The Capesize market experienced a volatile week marked by sharp swings in sentiment and rates following China’s announcement… Panamax: The USA v China trade/tariff speculation early part curtailed activity with most players holding off trying to work out full implications… Ultramax/Supramax: After the previous week’s widespread holidays, it was a slightly more positive affair for the sector… Handy: Overall, the market remained steady and relatively balanced throughout the week. In the Continent and Mediterranean… (Baltic Exchange: click here)
|
|
17.10.2025 |
10.10.2025 |
WEEKLY CHANGES |
WEEKLY CHANGE % |
Baltic Dry Index |
2,069 |
1,936 |
+133.0 |
+6.9% |
BRENT ($/bbl) |
61.3 |
62.7 |
-1.4 |
-2.3% |
WTI ($/bbl) |
57.5 |
58.9 |
-1.4 |
-2.3% |
MGO ROTTERDAM ($/mt) |
639.5 |
670.0 |
-30.5 |
-4.6% |
MGO FUJAIRAH ($/mt) |
720.5 |
733.5 |
-13.0 |
-1.8% |
MGO SINGAPORE ($/mt) |
656.5 |
674.5 |
-18.0 |
-2.7% |
VLSFO ROTTERDAM ($/mt) |
424.0 |
443.0 |
-19.0 |
-4.3% |
VLSFO FUJAIRAH ($/mt) |
437.0 |
474.0 |
-37.0 |
-7.8% |
VLSFO SINGAPORE ($/mt) |
443.0 |
470.0 |
-27.0 |
-5.7% |
IFO 380 ROTTERDAM ($/mt) |
395.0 |
408.5 |
-13.5 |
-3.3% |
IFO 380 FUJAIRAH ($/mt) |
377.0 |
411.5 |
-34.5 |
-8.4% |
IFO 380 SINGAPORE ($/mt) |
381.5 |
401.5 |
-20.0 |
-5.0% |
LSMGO ROTTERDAM, MAX 0.1% SULFUR DISTILLATE ($/mt) |
639.5 |
670.0 |
-30.5 |
-4.6% |
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt) |
656.5 |
674.5 |
-18.0 |
-2.7% |
Biofuel ROTTERDAM (B30) |
722.0 |
747.0 |
-25.0 |
-3.3% |
Biofuel FUJAIRAH (B30) |
653.0 |
689.5 |
-36.5 |
-5.3% |
Biofuel SINGAPORE (B24) |
662.0 |
688.5 |
-26.5 |
-3.8% |
EU Emissions Allowance (EUR) |
79.0 |
79.7 |
-0.7 |
-0.9% |
EUR-USD |
1.17 |
1.16 |
0.00 |
+0.3% |
GBP-USD |
1.34 |
1.34 |
+0.01 |
+0.6% |
USD-JPY |
150.62 |
151.19 |
-0.57 |
-0.4% |
USD-KRW |
1,422.00 |
1,429.00 |
-7.00 |
-0.5% |
Sources: Cnbc.com, ShipandBunker.com, Exchangerates.org.uk |
||||
