Baltic index slips for 6th day on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index fell on Monday, hurt by weaker demand across all vessel segments, with…
Iron ore retreats on weak Chinese industrial data
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of…
Drewry Dry Bulk Equity Index Down 3.9% Last Month
In March, the Drewry Dry Bulk Equity Index declined 3.9% and underperformed the S&P 500, which rose 2.3% during the…
Baltic index edges up on gains in larger vessels
The Baltic Exchange’s dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax…
Baltic index steady as gains in capesize offset lower rates for smaller vessels
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was mostly unchanged on Tuesday…
Australia’s defence minister says government not concerned over possible shipyard takeover by Korean firm
The Australian government is not concerned by a South Korean company’s bid to acquire an Australian naval shipbuilder, Deputy Prime…
CNOOC to place new LNG bunkering vessel into service
China National Offshore Oil Corporation (CNOOC) has taken delivery of a new LNG bunkering and supply vessel built by compatriot…
Bibby Marine orders electric SOV from Spanish builder
Bibby Marine Services has placed an order for a new service operation vessel (SOV) to be built by Spain’s Astilleros…
Alaska tour operator acquires fast catamaran
Phillips Cruises and Tours of Anchorage, Alaska recently took delivery of a new fast aluminium catamaran built to a design…
MOL subsidiary to operate FSRU off Poland’s Gdansk port
Japanese shipping company Mitsui OSK Lines (MOL), through a 100 per cent-owned subsidiary, has entered into a long-term time charter…