How Does the Baltic Dry Index Influence Markets
The Baltic Dry Index is published daily. But for most investors who are not steeped in the logistics industry, it is one of those more obscure financial market indicators that only surfaces from...
Appeal Court Upholds Scrap-sale Jail Term for Vessel Owner
An Appeal Court in the Norwegian city of Bergen, has confirmed the prison sentence for Norwegian ship owner, for aiding and abetting the attempt to export the ship Tide Carrier (Eide Carrier and Harrier)...
Höegh Autoliners Fined $5.4m After Multi-year Antitrust Investigation
Höegh Autoliners is looking at contesting a fine dished out by Brazilian authorities in one of many car carrier cartel investigations that have been going on around the world, reports Splash247.
Fine for breach of...
MPC Container Ships Sold Shares Worth $80M
The largest shareholder in the Oslo-listed boxship owner, MPC Container Ships, has sold 27.5m shares for a total of NOK687.5m ($79.4m), says an article published in Splash247.
About Stakes
MPC Container Ships said in a filing...
MacGregor Bags $15M Worth RO/RO Equipment Deal
Cargo and load handling specialist MacGregor has booked an order worth more than $15 million to supply comprehensive packages of RO/RO equipment for Höegh Autoliners’ first four Aurora class pure car and truck carriers...
Ocean Network Express Unveils Major Investment Scheme
Jeremy Nixon, CEO of Japan’s Ocean Network Express (ONE), gave reporters an idea of what it will cost to stay mixing with the big boys of the liner profession, outlining major investment plans over...
Excessive Demand Of The Drug In America To Treat COVID, Drugs Are Still Not...
Soon after the US Food and Drug Administration gave the green light to Evusheld, a new drug to prevent Covid-19. A drug that could protect people who are immune-compromised and had a weak response,...
CMA Shipping Opens March 29 With Leading Specialists & Speakers
More than 90 top-notch industry specialists have committed to speaking at CMA Shipping expo & conference which returns next week to Connecticut – celebrating its 37th edition across 3 days of conference, exhibition and...
Tolls Increased For Laden Crude Oil Tankers
CAIRO, March 22 (Reuters) - Egypt’s Suez Canal Authority said on Tuesday it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions...
Oil Product Stocks Drop To 2 Week Low
Oil product stockpiles at the UAE's Port of Fujairah dropped to a two-week low led by a decline in heavy distillates as low prices spurred demand for ship fuel, says an article published in...