HEADLINES SELECTED BY INTERCARGO (01/01/2026 – 12/01/2026)
One seafarer killed as Russia strikes ships around Odesa
One seafarer has been killed and another injured after Russian forces carried out drone attacks on civilian vessels operating in Ukraine’s southern Odesa region on Friday. (Splash247: click here)
Russian drone attacks on shipping threaten survival of Black Sea grain corridor
Russian drones attacked two commercial ships off Ukraine on 12 January, just three days after Moscow hit another pair of vessels in the same waters. (TradeWinds: click here)
2 or 3 ship robbery groups remain active in Singapore Strait
A sharp drop in ship robbery incidents in the Singapore Strait was seen in the second half of the year following arrests by the Indonesian Marine Police, however several groups till remain active. (Seatrade Maritime News: click here)
IMO details raft of new shipping rules in force from 1 January 2026
A set of amendments to key IMO treaties and Codes have entered into force on 1 January 2026, reports the IMO. (Shipmanagement Int’l: click here)
West P&I: Tips for handling IMSBC cargoes during wet weather
West P&I Club informs on the safe loading of Group A bulk cargoes under the IMSBC Code during wet weather, highlighting key procedures and moisture management requirements to ensure the cargo’s Transportable Moisture Limit (TML) is never exceeded. (Safety4Sea: click here)
Rio Tinto and Glencore reopen talks on mega-merger
Mining heavyweights Rio Tinto and Glencore have confirmed they are back in early-stage talks over a deal that could see Rio Tinto acquire “some or all” of Glencore, a move that would create the world’s largest miner with a combined market value close to $207bn. (Splash247: click here)
Global coal trade braces for structural pivot
The global coal trade landscape is edging towards a significant recalibration, marked by a decisive shift from years of expansion toward a structural plateau… (Hellenic Shipping News Worldwide: click here)
Iron ore gains as China pledges package of stimulus policies
Iron ore futures edged higher on Monday as top consumer China’s latest pledge to roll out a package of policies to spur domestic consumption lifted sentiment. (Hellenic Shipping News Worldwide: click here)
China’s demand is the heaviest factor for commodities in 2025
In 2025, seaborne dry bulk flows showed mixed trends across major commodities. Iron ore exports grew modestly, with China remaining the dominant importer despite a slowdown in domestic steel production. (Hellenic Shipping News Worldwide: click here)
Dry market report – Week 2
Capesize: The market delivered a mixed but generally softer week, with sentiment gradually weakening despite a brief midweek improvement in Atlantic activity… Panamax: The market ended the week on a firmer footing following a muted post-holiday start… Ultramax/Supramax: The first full week back for many after the seasonal holiday remained a subdued affair… Handy: As anticipated, the first full week of the new year has been marked by limited activity across both the Atlantic and Asian basins… (Baltic Exchange: click here)
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09.01.2026 |
02.01.2026 |
WEEKLY CHANGES |
WEEKLY CHANGE % |
Baltic Dry Index |
1,688 |
1,882 |
-194.0 |
-10.3% |
BRENT ($/bbl) |
63.3 |
60.8 |
+2.6 |
+4.3% |
WTI ($/bbl) |
59.1 |
57.3 |
+1.8 |
+3.1% |
MGO ROTTERDAM ($/mt) |
626.0 |
625.5 |
+0.5 |
+0.1% |
MGO FUJAIRAH ($/mt) |
715.5 |
716.0 |
-0.5 |
-0.1% |
MGO SINGAPORE ($/mt) |
607.0 |
613.5 |
-6.5 |
-1.1% |
VLSFO ROTTERDAM ($/mt) |
414.0 |
420.0 |
-6.0 |
-1.4% |
VLSFO FUJAIRAH ($/mt) |
427.0 |
427.0 |
0.0 |
0.0% |
VLSFO SINGAPORE ($/mt) |
430.5 |
430.0 |
+0.5 |
+0.1% |
IFO 380 ROTTERDAM ($/mt) |
352.5 |
365.0 |
-12.5 |
-3.4% |
IFO 380 FUJAIRAH ($/mt) |
339.5 |
334.5 |
+5.0 |
+1.5% |
IFO 380 SINGAPORE ($/mt) |
360.0 |
359.5 |
+0.5 |
+0.1% |
LSMGO ROTTERDAM, MAX 0.1% SULFUR DISTILLATE ($/mt) |
626.0 |
625.5 |
+0.5 |
+0.1% |
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt) |
360.0 |
359.5 |
+0.5 |
+0.1% |
Biofuel ROTTERDAM (B30) |
746.5 |
747.0 |
-0.5 |
-0.1% |
Biofuel FUJAIRAH (B30) |
662.0 |
651.0 |
+11.0 |
+1.7% |
Biofuel SINGAPORE (B24) |
640.0 |
635.5 |
+4.5 |
+0.7% |
EU Emissions Allowance (EUR) |
87.2 |
86.7 |
+0.5 |
+0.6% |
EUR-USD |
1.16 |
1.17 |
-0.01 |
-0.8% |
GBP-USD |
1.34 |
1.35 |
-0.01 |
-0.5% |
USD-JPY |
157.89 |
156.78 |
+1.11 |
+0.7% |
USD-KRW |
1,457.0 |
1,443.0 |
+14.00 |
+1.0% |
Sources: Cnbc.com, ShipandBunker.com, Exchangerates.org.uk |
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