Baltic index drops to a three-month low on lower vessel rates
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, slipped to its lowest…
Video: Dual-Fuel Bulker Strikes Anchored Ship’s Bow, Damaging LNG Tank
On July 16, a dual-fuel LNG bulker allided with an anchored ship off the busy Hay Point terminal in northeastern…
Malaysia Says Chinese VLCC was Anchored, Drifted After Hafnia Nile Impact
Malaysia officials provided the first details on the July 19 incident in which the Hafnia Nile and a Chinese VLCC…
Philippine Coast Guard Reports "Minimal" Impact of Spill on Manila
Philippine authorities believe that the impact of the spill from a sunken tanker in Manila Bay is “minimal” so far,…
Protestors Want Gibraltar to Turn Away OSG Tanker Carrying Fuel for Israel
A political firestorm is brewing in Gibraltar and neighboring Spain as a US-flagged tanker, Overseas Santorini, reportedly carrying military fuel…
CSSC Tianjin Adds Two Drydocks With Purchase of Neighboring Yard
CSSC Tianjin, the Bohai Bay division of world-leading shipbuilder CSSC, is expanding significantly with the acquisition of a neighboring yard…
Chinese leaders pledge to tilt stimulus towards consumers
Chinese leaders signalled on Tuesday that the stimulus measures needed to reach this year’s economic growth target will be directed…
China’s manufacturing activity seen extending decline in July
China’s factory activity likely shrank for a third month in July, a Reuters poll showed on Monday, keeping alive expectations…
Euro zone economy grows but outlook far from rosy
The euro zone’s economy grew slightly more than expected in the three months to June, data showed on Tuesday, but…
UK retail sales stumble again in July, CBI says
British retailers suffered another bad month in July and expect further weakness in August as poor weather and generally weak…