Pangaea Logistics has placed an order for high ice class post-Panamax dry bulk 95,000 dwt.
The four ships are expected to be delivered in April and May 2021 costing $37.7 million each.
The ships will be bareboat chartered...
In the world of global maritime, safety is first and VIKING is a successful operator who continuously maximizes efficiencies and reduces cost without compromising performance - even when it comes to safety, says a press release published on their...
BLUE, the leading business, brand and communications consultancy for the marine and energy markets, recently announced the acquisition of specialist maritime consultancy 20|20 Marine Energy (20|20), says a press release published on their website.
Consultancy Named BLUE Insight
20|20, which will...
In a major development, a blockchain and DNA-based fuel tracking solution BunkerTrace has launched commercially to offer increased transparency in the marine fuel supply chain, reports Ship Technology.
Managing Fuel Risks
BunkerTrace combines synthetic DNA tracers and blockchain to manage marine...
The Baltic Dry Index was essentially flat on the day at 1,802 points as higher Capesize rates (+1.4%) offset declines with Panamax (-2.3%), Supramax (-1.7%) and Handysize (-1.6%) rates, reports Seeking Alpha.
Effects of supply imbalance
Advisors thinks the Capesize market...
Stena Bulk of Sweden and Proman Shipping of Switzerland have launched Proman Stena Bulk Limited.
The joint venture Proman Stena Bulk Limited will be used to jointly own and operate methanol-fuelled product tankers.
It will operate ’IMOIIMeMax’ chemical...
Active iron ore contract in DCE rose by 2.09% on-day at RMB 634.50 per tonne.
Steel rebar futures in Shanghai Futures Exchange also increased by 1.21% on-day to RMB 3,344 per tonne.
The higher steel output was due...
According to an article published in Reuters, The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments.
The...
Indian energy major Indian Oil Corporation Ltd. has commenced delivery of IMO 2020 compliant fuel for ships, reports Bloomberg Quint.
Comply to low sulphur mandate
In a statement, IOC the largest oil refiner and marketer in India, said it commenced deliveries...
Demand drivers and freight rates Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter,...
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