Baltic Dry Index Up to 1,476 Points
Things are looking bright as the Baltic Dry Index climbed up to 1476 points on Tuesday, 3 July 2018.
It is up by 54 points (+3.80%) from its July 2nd level.
About BDI
BDI is...
62 Ships Banned for Multiple Detentions in 3 Years
Prerequisites to 35 years ParisMoU
In 2017 it was 35 years ago that the Memorandum of Understanding on Port State Control was signed by 14 countries. Since then the agreement has expanded to 27 members...
11,000 TEU Container Vessel HMM Blessing Delivered
Philippines (HHIC-Phil Inc.) successfully delivered two 11,000 TEU containerships on June 26 and June 30, respectively, this year amid the positive sign of recovery in the global shipbuilding industry from years of slump, the...
Innovating for the Future of the European Maritime Sector
Government Europa looks at projects exploring how innovative technologies could be translated to deliver the future of the European maritime sector, and an industry which is both energy efficient and safe.
Investment in R&D
In order...
Tanker Broke Lose and Destroyed Pier
On July 2, a tanker broke away from its moorings and collide with a pier in the municipality of Salina Cruz.
What happened?
The tanker ‘Fedor’ allided with the pier 9 of the Operations and Maritime...
Strict Liability for Ships Carrying HNS Substances
Chemicals and other dangerous substances occasionally end up in the ocean after ship collisions and other accidents at sea. And this can cause serious damage to the environment, property and health.
Compensation after collisions
The Danish...
ExxonMobil Issues Guidance for Switching to Low Sulphur Fuel
The International Maritime Organization’s (IMO) 0.5% sulphur cap is expected to be active from 1 January 2020. Ahead of this, Exxon has got some top tips to help the marine industry switch to low...
[Watch] 250-foot Ship Sunk for Alabama’s Artificial Reef Program
The 250-foot Fairfield New Venture was sunk in June 2018 as the newest addition to Alabama's artificial reef program.
Disclaimer: This video is intended for informational purpose only. This may not be construed as a...
It’s a Bilge Well
A sump to which bilge water drains. It is important to arrange bilge wells in the way enabling permanent access and possibility of cleaning even when holds are loaded.
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Star Bulk Undervalued on Rates, Oaktree Stock Sale
Star Bulk Carrier is often undervalued when it comes to its stock rates.
Research Analyst William Meyer believes the company’s stock will be up in the next few months.
The primary stock owner...