The Baltic Dry Index Breaks 400 And Raising Up!
The Baltic Dry Index has crossed the 400 point benchmark on Wednesday reaching 401 points.
The main sea freight index of the Baltic Exchange, tracks rates for ships carrying dry bulk commodities. This dry index...
ABB Wins Contract For The Largest Floating Facility
ABB has obtained a five-year contract to provide equipment and services for Shell’s Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) facility.
ABB has secured the contracts for delivering the equipments and services...
Grounded Bulker Towed Safely – Reaches Port
Mfame reported about a 623-foot bulk carrier running aground after hitting a submerged object in a narrow part of the river near Cathlamet, just after midnight on Monday. The vessel was afloat by Monday afternoon and...
Military Passenger Ship Sank In The Baltic Sea Killing 9,400
Dear Mfame readers,
Yesterday, we published the article Finally Disappearance Of Navy Ship Mystery Solved which is discovery of a USS Conestoga (AT 54) after 95 years. Today, we will see another largest shipwreck in history...
Where Are Bunker Fuel Prices Heading?
Global Bunker Fuel Market to Exhibit 3.1% CAGR Despite Sulphur Cap Challenges
The International Maritime Organization has imposed a stricter global 0.5% sulfur cap on bunker fuel from 2020. This restriction would present the shipping...
“We Need 70,000 New Merchant Mariners!”
U.S. Facing Looming Shortage of Merchant Mariners
By 2022, the United States will need “70,000 new people” for the nation’s maritime fleet, but the Merchant Marine Academy at Kings Point, N.Y., and the six state...
Does Shale Glow At Nights?
The dry, sleepy shrubland of Cotulla is transformed into a busy mainland by Eagle Ford Shale.
Eagle Ford Shale is one of several gas and oil plays in North America that has taken on new...
Battle Of The Baltic Exchange – A Bidding War For the Historic London Shipping...
Chinese and Singaporean rivals in bidding war for historic London shipping institution.
One of London’s oldest shipping institutions is ready for at least £70million worth takeover for which a fierce bidding war is going. The...
Container Weighing: Do Costs Outweigh Benefits?
Cowen and Co. reveals that the time and complications from the new Ocean Container Weight Rule may boost operating costs from Los Angeles to Shanghai by 14%.
Cowen and Co., a New York City-based financial...
[Watch] Spectacular Launch of LNG-Powered Dry Cargo Ship
Spectacular Launch of LNG-Powered Dry Cargo Ship at Ferus Smit
The cement carrier - MV Ireland was launched sideways by the Dutch shipbuilder Ferus Smit on 19th March 2016. This is the second...