New Blockchain Fuel Tracking Tool Makes Fuel Testing Lab Independent & Instant!
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...
Capesize Rates Fight the Tide
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...
Stena Bulk Partners With Proman To Operate Methanol Product Tankers
Stena Bulk of Sweden and Proman Shipping of Switzerland have launched Proman Stena Bulk Limited.
The joint venture Proman Stena Bulk Limited will...
DCE Rallies on Delayed Steel Uptick
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...
Waning Demand Pulls Baltic Index Down To 4-month Low
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...
Indian Energy Major Begins IMO Compliant Fuel Supply
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...
Amidst Increasing Sizes & Stagnant Growth,Container Shipping Balance To Worsen: BIMCO
Demand drivers and freight rates Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in...
Maersk Signs Logistics and Automation Deal With Shanghai Based Company
In a major development, the Shanghai-based Lingang Group has inked a strategic cooperation agreement with Maersk to jointly develop international shipping service and related...
Scorpio Tankers Geared To Face Fuel Restrictions
International Maritime Organisation in 2016 ordered ships to reduce the amount of sulfur in their fuel from 3.5% to 0.5% with a deadline...
Pirates Kidnap 9 Crew Members from Cargo Ship Off Benin
Pirates boarded the MV Bonita at the Cotonou port in Benin and kidnapped nine crewmembers, according to shipping company J.J. Ugland, reports EuroNews.
What happened?
Nine...
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