Dry Bulk Market: Supply Dynamics Capesize C3 & C5 routes
This week’s chart (on the right) illustrates the relationship between the number of ballast vessels on the Capesize C3 route…
Soaring asset prices in Capesize second-hand market make investments unattractive
Drewry’s analysis of the dry bulk market indicates that investing in second-hand Capesize vessels at current heated values is unlikely…
Baltic index gains on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Wednesday on…
Philippines Says 78 Crew Refused to Sail Red Sea as it Increases Ban
The Philippines is moving forward with steps to bar its seafarers from being aboard vessels transiting the Red Sea and…
Ever Given 2: Bulker Goes Aground at Both Ends on River Nene
A cargo ship has gone aground on the River Nene near Cambridge, wedging itself diagonally into both banks and fully…
Video: Houthis Claim First Launch of Hypersonic Missile Targeting MSC Ship
The Houthis military and spokesperson are asserting that they have launched for the first time a hypersonic missile which was…
Charleston and ILA Strike Landmark Agreement for Container Operations
South Carolina Ports, the government agency that oversees the operations of the state’s ports, and the International Longshoremen’s Association reached…
Mitsui O.S.K. Lines Invests in Regent to Bring Seagliders to Japan
The U.S.-based corporate venture capital firm of Mitsui O.S.K. Lines (MOL) has become the latest to invest in Regent, a…
Small Fire Breaks Out Aboard World’s Largest Cruise Ship
The world’s largest cruise ship, the newly-delivered Icon of the Seas, sustained a “small fire” on Tuesday while it was…
Actionable Maritime Decarbonization With Berge Bulk and Sofar Ocean
Berge Bulk CEO James Marshall joined Sofar Ocean CEO Tim Janssen for a wide-ranging conversation focused on actionable maritime decarbonization…