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Thursday, December 4, 2025
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Arrest of the captain of a floating crane in Halki – Damage to the island’s power supply cables caused by the anchor being weighed

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Yesterday at noon, officials of the Halki Port Authority proceeded to arrest the Captain of a floating crane (F/C) for violation of article 273 of the Penal Code (Commonly, dangerous damage).

The Suez Canal authority has this week announced that it has had talks between themselves, Maersk and CMA CGM, and that both carriers are committed to return partially from December to Red Sea transits. If this happens and other carriers follow, we will see tonnage free up as tonne miles drop.

LNG

The LNG spot market further strengthened this week, with two-stroke tonnage remaining extremely tight in the Atlantic, driving higher rates on all major routes.

Clean

LR2

MEG LR2’s pushed up with gusto this week. The TC1 75kt /Japan index climbed 29 points to just under WS185 where the index looks to have taken pause for the moment. This took the corresponding TCE to just over $50,/day Baltic description round trip.

Capesize

The Capesize market delivered a robust and increasingly confident performance this week, with the BCI 5TC climbing steadily from the low $30,000s to close the week in the $37,000s.

By Georgia Hermidou

The Turkish Ministry of Transport stated that one of the two empty tankers hit by explosions in the Black Sea late yesterday Friday was attacked again early today Saturday, blaming an unmanned sea vehicle. The crew members of both ships were reported to be safe.

Yesterday morning, the Elefsina Port Authority was informed of an incident of partial sinking of a Passenger-Scheduled (/V) ship which was moored in the marine area of Vlycha Elefsinas.

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