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Dry Bulk Market: Capesize Market Under Pressure
Capesize This week, the Capesize market saw a steady decline, with the BCI 5TC beginning at $25,773 and dropping daily,…
US soy exporters off to worst new-crop start in 23 years amid China’s absence
The upcoming U.S. soybean harvest is expected to approach record levels, but exporters had sold practically none of it as…
China expected to stand pat on lending rates in May
China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing…
Hamburg First in Europe to Supply Shore Power for Containerships
The drive to eliminate shipping emissions at berths is now extending to containerships with the port of Hamburg becoming the…
Russia Teams with China for Development of the Northern Sea Route
Russia is seeking Chinese support in the development of its Northern Sea route. While briefing President Putin during a state…
USS Leyte Gulf Completes Last Deployment as Ticonderoga Class Nears End
The guided-missile cruiser USS Leyte Gulf returned to Naval Station Norfolk, on May 17, completing its final deployment after 37…
US Competition Selects Finalists in Floating Offshore Wind Technologies
The U.S. Department of Energy selected the finalists in its ongoing competition to promote the development and commercialization of technologies…