Baltic index snaps 5-day losing streak on higher vessel rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped its five-session losing…
Iron Ore Flows & Capesize Tonne Days
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore during the second quarter of this…
MOL and Berge Bulk Rollout More Wind-Assisted Propulsion on Bulkers
The shipping industry is continuing to take its early steps toward the integration of wind-assisted propulsion into long-distance ocean shipping.…
Saltchuk Completes Acquisition of OSG After Several Previous Offers
Saltchuk Resources completed its previously announced tender offer to acquire all the outstanding shares of common stock of Overseas Shipholding…
IMO Honors Crew of a Product Tanker That Was Hit by a Houthi Missile
The International Maritime Organization has decided to give this year’s Exceptional Bravery at Sea award to two recipients: the crew…
Cargo Ship Grounds, Boxships Stopped Due to South Africa’s Bad Weather
Bad weather and high seas off South Africa are continuing to disrupt most shipping in the region with forecasters warning…
Construction Begins on Ultra-Luxury Cruise Yachts for Four Seasons and Aman
Work got underway at two shipyards in Italy for the cruise industry’s next ultra-luxury mega-yachts designed to bring a new…
St. Johns Ship Building Delivers Atlantic Resolute, 1st of 2 Jones Act CTVs
St. Johns Ship Building, a Palatka, Florida-based Jones Act facility owned by Americraft Marine, proudly announces the delivery of the…
Berge Neblina Sets Sail Following Installation of Anemoi’s Rotor Sails
Berge Bulk’s Berge Neblina, a 388,000 dwt Valemax Ore Carrier, is currently completing its voyage to Brazil following the successful…
More than just a ‘bad episode’: Biden is struggling to convince donors and voters
President Joe Biden faced a mounting crisis of confidence among allies, donors, and party members, following a debate performance that…