Baltic index logs monthly gain on strong capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Friday to…
U.S. Launches “Coordinated Review” of Troubled Gaza Pier and Aid Mission
The Inspectors General from the U.S. Department of Defense and the U.S. Agency for International Development confirmed that they are…
Germany is Discussing Financial Bailout for Meyer Werft
The shipyard group Meyer Werft is reportedly facing a growing financial crisis that is going to require refinancing of the…
August Offshore Wind Lease Sale Scheduled for Two Central Atlantic Areas
The Department of the Interior announced today it would hold an offshore wind energy lease sale in the Central Atlantic.…
India’s Shipyards Attract European Orders as They Seek Global Role
As demand for global shipyard capacity rises, the Indian shipbuilding industry is seeking to attract more work from European shipowners.…
Houthis Assert Attacks in Med and Red Sea Including Five Missiles at a Ship
The Houthis are asserting a broad array of attacks conducted on a range of ships in both the Mediterranean and…
Fed’s Barkin: consumer demand solid, but not frothy
U.S. consumer demand is still solid although households are beginning to get more sensitive to prices, Richmond Fed President Thomas…
UK economy picks up in early 2024, too late for election boost
Britain’s economy pulled out of recession at a faster pace than previously thought in the first three months of this…
ECB wants countries to raise, not cut bank capital buffers
Euro zone countries should not cut bank capital buffers and some should even increase them given record profits in the…
EU delays announcement of measures on Chinese biodiesel imports
The European Commission has changed the date for pre-disclosure of potential provisional duties on imports of Chinese biodiesel to July…