On October 11, a total of six merchant ships were attacked in the Strait of Hormuz and nearby waters, including five oil tankers and one container ship. The attacks on shipping have significantly escalated.
The EU sanctions cover important Russian submarine construction plants, naval ship repair facilities and shipyards undertaking the construction of commercial ships. They are part of a significant expansion of sanctions against Russia and may affect the Russian ship construction and maintenance system.
According to Drewry data (released by Hellenic Shipping News): WCI reported US$4,351/FEU on October 8, down 2% month-on-month; on Wednesdays 42-46, only 34 of the 713 planned voyages on the eastbound route were suspended (cancellation rate 5%). The resumption of the Suez route is continuing to release effective capacity for the Asia-Europe route.
On Monday, the BDI fell 2.2% to 2,852 points (the lowest since August 21); the capesize index fell 4.4% to 4,148 points. Panamax (+0.3%) and Supramax (+0.4%) rebounded slightly, and the large ship market was obviously under pressure.
According to data from the Shanghai Shipping Exchange quoted by International Shipping Network, SCFI rose slightly by 0.05% to 3,664.11 points: the European line freight rate rebounded by 3.41% to US$2,274/TEU, and the US West Line rose slightly to US$7,584/FEU; the Red Sea/Suez resumption of sailings is faster than expected, which is the biggest variable in the subsequent freight rates.
On October 10, the "Guangrong" ship built by China Merchants Shipbuilding Jinling Shipyard for China Merchants Shipping was named and delivered in Yizheng, Jiangsu Province. It is the first ship built for the 2+4 methanol dual-fuel PCTC order; when using green methanol, the whole life cycle greenhouse gas emissions are reduced by more than 70%, meeting the IMO Tier III emission requirements.
Malaysian MISC accepted the letter of award from Petronas LNG and will order five LNG ships and sign a 20-year time charter. Delivery is expected to begin in 2030. The new ships are likely to be built in Chinese shipyards, continuing the boom in LNG ship orders from Chinese shipyards.
Singapore-listed Yangtze River Shipping Development has ordered four 82,000dwt kamsarmax ships from Jiangsu Huatai Energy and Engineering, and has options for two more ships. This is the company's first order from this shipyard.
Freightos official market news: Global container shipping volume reached a record of 17.46 million TEU in August, and the CTS global price index rose to a two-year high; customs clearance compliance rules in the United States, Mexico and Europe have become stricter, coupled with the rebound in shipments after the Golden Week and high-tech freight demand, the pressure on sea and air freight has increased in the fourth quarter.