The Baltic Exchange has released a report about the dry bulk market for the 01st week of shipping activities of this year. The report dated 07th January highlights the dry bulk market conditions at...

Drewry’s composite World Container Index increased 1.1% to $9,408.81 per 40ft container this week. Drewry’s detailed assessment for Thursday, 6 January 2022 The composite index increased by 1.1% this week, and, remains 80% higher than...

The MEG came out of the Christmas hibernation yesterday as the second half of January liftings came into play, albeit with modest activity to show for it. Rates continue to be under pressure, as...

Liquefied natural gas (LNG) tankers previously en route to Asia are still diverting toward Europe. The western part of the continent continues to deal with reduced pipeline flows and low storage inventories that...

Prompt availability remains tight in major US ports US fuel oil stocks bounce off all-time lows VLSFO supply tight in Brazil Bunker availability Several suppliers have tight bunker availability for prompt dates...

Lockdown has transformed our lives in different ways. Due to COVID, virtual workouts were introduced as substitutes. Disabled people are twice as likely to be inactive as the rest of the population Several...

CSSC-affiliated Hudong-Zhonghua Shipbuilding has been awarded a contract by Japanese shipping giant Mitsui OSK Lines (MOL) to build six 174,000 cubic metres liquefied natural gas (LNG) carriers as reported by NewsFallOut. Shipbuilding contract The greatest one-time...

Weekly composite index covering 20ft, 40ft and Hi-Cube box rates says an article published in Baltic Exchange. Ningbo Shipping Exchange Route 20221-1-7 2021-12-31 Weekly change(1%) Ningbo - Europe 5883.59 5917.47 -0.57 Ningbo - West Mediterranean 5751.32 5778.26 -0.47 Ningbo - East Mediterranean 4555.69 4539.34 0.36 Ningbo - Middle East 3637.51 3796.75 -4.19     The weekly Ningbo Containerised...

A vaccine authorized in December for use in India may help solve one of the most vexing problems in global public health: How to supply lower-income countries with a COVID-19 vaccine that is...

Pirates hijack a bunker tanker and loot the cargo, reports Maritime Bulletin. Pirates board anchored tanker Bunker tanker SPOB GRAHA DUA SATU,  deployed mainly in bunkering the ships anchored in Morosi waters, Southeast Sulawesi, Indonesia, was...