Weekly Bulk Report – Week 27, 2019

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The Baltic Briefing has released a report about the dry bulk market of the 26th week of shipping activities of this year. The report...

Fatal Fall from Chemical Oil Tanker Accommodation Ladder Platform

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According to an investigation report published by the UK Government's Marine Accident Investigation Branch, MAIB, a crew member fell between the Luxembourg-flagged vessel and...

Maersk Blockchain Platform Grows With Hapag-Lloyd and ONE Addition

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In a major development, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd announced that they will join the blockchain-enabled digital shipping platform, TradeLens...

Mega-Ship Shopping; Apple’s Core Conflicts; Oiling the Waters

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Taiwan’s Yang Ming Marine Transport Corp. and China’s Cosco Shipping Holdings Co. are looking for new vessels to meet 2020 sulfur emissions. Apple...

US Coast Guard Urges IMO To Act on GNSS Jamming

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The US Coast Guard was urged to raise the issue of interference with key shipping positioning signals at the IMO Council this month, reports...

China To Launch Low-Sulfur Fuel Oil Futures Contract

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China plans to launch a low-sulfur bunker fuel oil futures contract in a bid to raise its pricing power in the world’s maritime fuel...

Remarkable Rise in Panamax Rates Since March

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Panamax rates rose 3.4% in June, marking their largest increase since March 21st. Supramax rates rose today by 1.3%, which marks their largest...

Abundance of VLCCs Keep Market Rates Flat

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The Atlantic lacked ‘steam’ both ex West Africa and the Americas, with considerable activity in the US Gulf.  Suezmaxes saw a week of...

No Scrubber Equipped VLCC Then No Deal

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In a  major development, India's top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in their...

[Watch] Iridium Can Be the Backbone of Digital Ships

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Iridium Communications Inc. the US-based satellite communications company and its partner Lars Thrane, unveiled their first terminal designed to operate on the Iridium network...
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