Baltic Freight Index Drops With Fall In Capesize, Panamax Rates
The Baltic exchange's main sea freight index fell for a fourth consecutive session on Monday, dragged lower by a dip in rates for capesize...
MPA Publishes Requirements For Foreign Vessels At Singapore Port
The Maritime And Port Authority Of Singapore published a circular stating the safety requirements for all vessels arriving at the Port of Singapore in...
Tests Reveal The Severe Instability of IMO Mandated VLSFO
A rash of fuel related stoppages and delays have ravaged countless vessels in recent months – most from very predictable issues regarding the stability...
Shipping Stocks Up and Ready for Buying
Accordingly, the Baltic Dry Index (BDI) – a proxy for global dry freight rates across 23 routes – surged to a 19-month high...
Sharp Increase in Container Shipping Rates
Fixed annual contracts priced 50%-100% higher than last year’s will partially shield importers from the latest spot-rate rise.
But with many shippers still...
Vessel with 137 People Adrift, Raging Cyclone Impact
Offshore barge with 137 people adrift.
Raging cyclone NW off Mumbai creates a devastating impact on the vessel.
Navy ship dispatched for help.
A...
Guidance for Vaccinating Seafarers Released
The International Chamber of Shipping (ICS) and North American Maritime Ministry Association (NAMMA) have recently updated guidance in regard to vaccination of seafarers.
...
World Economy Jeopardized, Amidst Covid-19 Outbreak
A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops.
A deep freeze...
Fake Covid Vaccine and Test Certificates Surge in UK
More than 1,200 vendors operating in the UK and worldwide, offering false documents for as little as £25.
This takes place after UK...
Is EU Regulation an Inhibitor Or Catalyst For Safe Ship Recycling?
Within the last two weeks, the ongoing debate on the European Union Ship Recycling Regulation and a bilateral agreement between the European...
Shipping Industry Issues Call for Action on Gulf of Guinea Piracy
The new Gulf of Guinea Declaration on Suppression of Piracy has been launched on 17 May, with 99 signatories pressing for an end to...
Nium Reveals Payments Solution for Shipping Companies
Nium has unveiled the launch of its maritime payments solution, aimed at digitising the payments experience for shipping companies, their management, seafarers, and their...
Tufton Oceanic Makes New Tanker Deal After Offloading Bulker Duo
Tufton Oceanic Assets has agreed to sell two handysize bulk carriers for $20.5m, making this the company’s third divestment.
Tanker investment
The company said it expects...
MSC Affiliated To Minsheng Leasing Newbuild Orders
DALIAN Shipbuilding Industry Co has won orders for a pair of 16,000 teu containerships from Minsheng Financial Leasing, reports Lloyd's List.
LNG-ready design
The Chinese yard,...
How Much Fuel is Lost from Hull Fouling?
Company Hilon carried out a long - standing research that proved: The use of anti - fouling coatings for 60 months did away with...
How To Save A Ship From Rotting?
During a ship’s lifetime microorganisms, plants, algae, or animals will gather in its hull, during a process called hull fouling. These organisms...
Ningbo Containerised Freight Index
Baltic Exchange publishes the weekly Ningbo Containerised Freight Index, compiled by the Ningbo Shipping Exchange.
The index is reported every Friday (except Chinese holidays) at...
Integrated Photovoltaic Solar Solutions for Shipping
Japan’s Eco Marine Power (EMP) has begun to cooperate with compatriot F-WAVE to jointly develop integrated photovoltaic solar solutions for shipping. These solar power...
HMM Helps India By Prioritizing Medical Equipment Delivery
• HMM carries India-bound containers with medical and emergency relief supplies for USD 1 per box.
• HMM will continue to work on providing humanitarian...
Weekly Tanker Report – Week 19, 2021
The Baltic Briefing has issued the tanker report for the 19th week of this year. The report dated 14th May 2021 provides a valuable...