Firming Baltic Dry Index is Headwind for Recyclers
The single most consequential development of Week 15 came out of Washington, not the recycling yards, reports cash buyer GMS. President Trump’s decision to delay planned strikes on Iranian energy infrastructure by five days, alongside comments describing talks with Iran as “productive,” triggered the sharpest oil reversal since the conflict began.The Baltic Dry Index rose to 2,139 by April 8, continuing…
EU Emissions Trading System Sustains Downward Trend in Emissions
The European Commission has published the verified EU Emissions Trading System (EU ETS) emissions data for 2025 showing a -1.3% reduction in ETS emissions, compared to 2024 levels.This reduction continues the steady downward trend of emissions. Since the ETS was launched in 2005, the system has halved emissions in the sectors it covers. It remains on track to achieve the 2030 target of a 62% reduction.For maritime…
Singapore: Container Ship Fire Extinguished
A fire involving containers on board the London-registered container vessel Ever Lenient at Singapore’s PSA Pasir Panjang Terminal was extinguished on April 11.Firefighting efforts continued through the night, led by the Singapore Civil Defence Force, with Maritime and Port Authority of Singapore deploying patrol craft to conduct seaward cordon duties and drones to provide aerial surveillance in support…
Gaza Aid Flotilla Aims to Break Israeli Blockade
A second flotilla carrying humanitarian aid to Palestinians in Gaza was due to set sail on Sunday from the Spanish port of Barcelona, aiming to try to break the Israeli blockade.Thirty-nine boats were due to leave the Mediterranean port city, a spokesperson for the flotilla said, and more vessels also laden with medical aid and other supplies are expected to join along the route towards Palestine.Rough…
US Navy to Block Ships from Iranian Ports
President Donald Trump said on Sunday the U.S. Navy would start blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ceasefire.The U.S. Central Command said U.S. forces would begin implementing the blockade of all maritime traffic entering and exiting Iranian ports at 10 a.m. ET (1400 GMT) on Monday.It…
