January Snapshot: Capesize Ballasters & Demand
The Baltic Capesize Index opened the week marginally firmer, while weekly performance remains lower, indicating continued sensitivity in the freight…
Baltic Index Scales 2-Week Peak As Vessel Rates Rise Across All Segments
The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels carrying dry bulk commodities, climbed to a two‑week…
Hong Kong: Deaths in 2012 Accident Unlawful, but Ferries Met Safety Rules
More than a decade after one of the worst marine disasters in Hong Kong’s history, the Coroner’s Court is issuing…
US Coast Guard Requests Pastoral Support for Shadow Fleet Tanker’s Crew
Military and security actions can create hardship for seafarers when ships get caught in the middle of a geopolitical confrontation,…
Fuel Supplier Convicted of 34 Felonies in Scheme to Defraud Navy and USCG
A federal jury in West Palm Beach, Florida, found a local fuel supplier guilty of orchestrating a scheme to defraud…
EU lawmakers deal blow to Mercosur trade deal by referring it to top court
EU lawmakers voted on Wednesday to challenge the European Union’s contentious free trade agreement with South America in the bloc’s…
US pending home sales slump to five-month low in December
Contracts to purchase previously owned U.S. homes unexpectedly fell in December, hitting a five-month low, likely as worries over the…
Drop in UK industrial orders eases but price expectations soar, CBI says
British industrial orders fell again in January but by the smallest amount since September, while expectations for prices shot to…
Russia warns of big budget deficit at start of year on oil revenue shortfall
Russia’s federal budget is likely to show a significant deficit at the start of this year, mainly due to a…
India’s growth momentum to sustain as demand recovers, RBI report says
High-frequency indicators point to sustained growth momentum, according to the Reserve Bank of India’s latest State of the Economy report…