The BDI has broken into the 1,100 level, registering at 1,107 for the day. However, the BDI eased later toward the end of the week settling under 1,100.
Capesize 5 time charter average reached $13,163, up to $580...
In a major development, NYK Group research subsidiary MTI Co. Ltd. has become the first Asian member of One Sea, an industry alliance aiming to realize autonomous ships, reports Marine Insight.
NYK’s Objective
By actively participating in the discussion on...
Container throughput continues to grow in Rotterdam. Following a record year in 2018 and a record quarter in 2019, April of this year was the best month ever for the Port of Rotterdam, with 13.6 million tonnes of container...
The Baltic Briefing has released Bulk carrier maritime activity report for the 23rd week of this year. The report formulated on 7th June 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates.
Capesize
The...
Following the CMA CGM Group’s reinforcement of environmental objectives, APL announced a 47.4% reduction in CO2 emissions per container transported per kilometre in 2018, compared to its base level in 2009, reports Sea News.
Data verified by Lloyd’s Register Group...
In a major development, Matson, Inc. (NYSE: MATX) has announced that they have begun the installation of state-of-the-art exhaust gas cleaning systems on six vessels deployed in their Hawaii and China-Long Beach Express services as part of their strategy...
Allianz reports that in 2018, 46 total losses of vessels were reported worldwide. It was down from 98 losses 12 months earlier, with a significant decline in global activity.
The number of reported shipping incidents overall (2,698 in...
Recent weakness in shipping rates sends an ominous signal just as some major economies are starting to stumble and trade tensions are rising.
Shipping executives fear the trade fight between China and the United States will spread to...
The Baltic Briefing has issued the tanker report for the 23rd week of this year. The report dated 7th June 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and charter activities.
VLCC
Rates have been shaved just...
According to the Director General of Maersk Ukraine, Roman Koloianov, Maersk Ukraine expects a slowdown in the growth rate of the container traffic market in Ukraine next year, reports FreshPlaza.
Last Year of Active Growth
"This year will be the...
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