Baltic index snaps 3-day losing streak on capesize demand
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a three-session losing…
ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for joint study of ammonia fueled bulk carriers
ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of…
Dalian iron ore falls on weakening steel market; focus on Third Plenum
Dalian iron ore futures prices extended losses on Thursday, dragged down by the weakening steel market in top consumer China,…
Washington targets ‘illicit shipping network’ in bid to disrupt Houthi support
Ships, facilitators, insurer, managers and an owner blacklisted
Dry bulk newbuild contracting fell 34.2%, despite a strong market
“During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions.…
Dry Bulk Market: Ukrainian Grain Shipments to all Destinations
This week’s chart illustrates the increase in the monthly volume of Ukrainian grain shipments during the first half of this…
Hafnia LR1 tanker and Chinese VLCC ablaze after South China Sea collision
Crew rescue efforts underway, says Hafnia
‘Light and blast’: ship hit by projectiles in Gulf of Aden as oil spill spotted in Red Sea
Latest incidents show Houthi activity unabated and effective off Yemen
South African port player seals $1bn loan from African Development Bank
Funds to go towards Transnet’s five-year capital investment plan
Resolve Marine leading Ultra Galaxy salvage effort off South Africa
Country’s maritime regulator says the removal of the grounded ship’s fuel oil is expected to begin by the weekend