Baltic Exchange To Adapt Its Benchmark Dry Bulk Freight Indexes Ahead of IMO 2020
Baltic Exchange to adapt its benchmark dry bulk freight indexes to upcoming IMO 2020 regulations, by using vessels without scrubbers in its timecharter calculations.
Prediction is that in January 2020, not more than...
Weekly Tanker Report – Week 13, 2019
The Baltic Briefing has issued the tanker report for the 13th week of this year. The report dated 29th March 2019 provides a valuable insight into this week's tanker market dealings, freight rates, and...
New Maritime Measures Threaten To Rock Oil Industry’s Boat
The clock is ticking down for the introduction of a piece of regulation for anti-pollution measures.
The new regulations aim to reduce the amount of high-sulfur ingredients in bunker fuels — the low-quality oil...
Large Crane Crashes onto Gigantic Cruise Ship
According to Wesh2news, a large construction crane fell onto Royal Caribbean's Oasis of the Seas cruise.
What happened?
On April 1, the incident happened in the Bahamas when the cruise ship was drydocked. Eight people were injured,...
No Buyers for Maersk’s Supply Subsidiary
A.P. Moller - Maersk Board of Directors has decided to retain full ownership of Maersk Supply Service.
Maersk Supply Service launched a new strategic direction in the autumn of 2016 as a response...
CMA CGM White Shark Sustainable Marine Biofuel Refueling at Rotterdam Trial
In a recent development, IKEA Transport & Logistics Services, CMA CGM, the Good Shipping Program and the Port of Rotterdam have announced that they successfully refueled their CMA CGM WHITE SHARK with sustainable marine bio-fuel oil...
Bulk Report – Week 13, 2019
The Baltic Briefing has released Bulk carrier maritime activity report for the 13th week of this year. The report formulated on 29th March 2019 highlights the situation in the dry bulk carrier market including...
DNV GL Chief Bats for Safety Over Environmental Concerns
According to DNV GL's Chief Executive of Class Society Knut Ørbeck-Nilssen, as environmental concerns overtake safety and security issues in the shipping technology, markets, and regulatory developments, ‘tectonic’ changes in the industry is occurring...
An Industry Transformation : Richard Branson’s Adults-Only Virgin Voyages Luxury Cruise Line
Tickets for Virgin Voyages maiden voyage in April 2020 are now on sale.
Instead of buffets, more than 20 individual restaurants are included in the price of the cruise.
According to Bain Capital,...
Baltic Index Dips 46% Marking Its Biggest Quarterly Slump in Three Years
The Baltic index, was down 0.4%, at 689 points and has fallen about 46% marking its biggest quarterly decline in three years.
The capesize index dropped 17 points, to 150 points, an all-time...