Regional banks brace for tougher capital rules, get relief from Fed cuts
U.S. regional banks preparing for higher capital requirements will get some relief from the Federal Reserve’s jumbo rate cut. As…
Ship Recycling Market Showing Signs of Recovery
With the Indian ship recycling market waking up, sentiment is beginning to improve. In its latest weekly report, Best Oasis…
Dalian iron ore futures dive as China stimulus optimism ebbs
Prices of Dalian iron ore futures languished on Wednesday, as an absence of further fiscal measures following China’s outsized stimulus…
Baltic index hits over one-month on lower capesize demand
The Baltic Exchange’s main sea freight index continued its decline for the eighth consecutive session on Wednesday, reaching its lowest…
Cargo Ship Smuggling Cocaine Draws Scrutiny Due to Unique Routing
Turkey’s Ministry of Internal Affairs responded to last week’s capture of a Turkish-owned cargo ship involved in drug smuggling promising…
MARAD Picks ABS to Set Up New Maritime R&D Center
The United States Maritime Administration (MARAD) has hired ABS set up the new U.S. Center for Maritime Innovation and operate…
Japan to seek 65,000 tons of feed wheat and 25,000 tons barley via tender
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) said on Wednesday that it will seek 65,000 metric tons of feed…
Uzbekistan sees gas imports reaching 10-11 bcm by 2030
Uzbekistan expects its natural gas imports to reach 10 billion to 11 billion cubic meters annually by 2030, energy minister…
6PAC+ Alliance at the MEPC82: A United Call for a Universal Maritime Levy and Equitable Transition
As the curtains close on the highly anticipated 82nd session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee…