Baltic Dry Index Surge With High Vessel Rates
The Baltic Exchange's dry bulk sea freight index gained on Wednesday, after falling for eight straight sessions, supported by higher rates across all vessel segments, reports Marine Link.
Baltic index gain
The overall index, which factors...
New Generation Of ‘Green’ LNG Carriers
IMO implements Energy Efficiency Design Index (EEDI) and the future Carbon Intensity Index (CII).
It will have a profound impact on how the next generation of LNG carriers are designed and equipped, driving...
ECSA Keen On FuelEU Maritime Proposal
ECSA supports the objective of the FuelEU Maritime proposal to foster the uptake of cleaner fuels in shipping.
However, the proposal may become a missed opportunity.
Using documents provided by non-EU fuel suppliers...
Navig8 Sells LR2 Tankers Navig8 Pride and Navig8 Providence
Navig8 has exercised an option to sell the 2018-built 110,600 dwt LR2 tankers Navig8 Pride and Navig8 Providence, currently on a long-term charter from Norway’s Ocean Yield.
The vessels are owned by a joint venture owned...
Cheap and Growing Scorpio Tankers Might Be Undervalued
Rising tanker rates have produced windfall profits for the firm.
Further growth next year could be a value catalyst.
A recent news article published in the Guru Focus by Rupert Hargreaves a Look at the...
What Are the Reasons for Cargo Backlog?
President Joe Biden announced Oct. 13 that the port of Los Angeles, the nation's busiest, had agreed to operate around the clock.
This will help fix supply chain issues across the country.
This is the first key...
Severe Port Congestions Leads To Disrupted Global Supply Chain
Containership congestion which is being witnessed around the world at ports including Zhoushan, Ningbo and Long Beach in LA. Felixstowe port in the UK
Vessels are spending longer in port than usual to...
How Hard Has COVID-19 Hit Some Communities!
Tragedy has hit some communities harder than others
The rural areas of the country have ultimately seen the most devastation.
COVID-19 is now primarily a disease of the unvaccinated—which is certainly a factor...
Is The UK Ready To Tackle The Next COVID Wave?
The UK has quietly endured stubbornly high cases, hospitalizations and deaths when compared to the rest of Europe.
Experts and hospital staff fear a further strain
The country is struggling to repeat those...
[Watch] UK Debunks Landmark Strategy To Reach Net-zero By 2050
The UK government has launched its landmark net-zero strategy, outlining measures to lower its reliance on fossil fuels and transition to a green and sustainable future as part of its commitment to reach net-zero...