The Port of Helsinki announced in a press release on Tuesday that a twin-port project of the Port of Helsinki and the Port of Tallinn has received funding of about 15.4 million euros from the European Union. The four-year project “The Twin-Port VI” is a continuation...

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The Russian agricultural watchdog told Reuters that Russia has shipped its first grain from a new terminal at the Baltic Sea port of Ust-Luga. The country is seeking to diversify its grain export routes. The first shipment of 12,000 metric tons of grain was made in...

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Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) firmed in Asia on Wednesday, led by higher-priced bids for cargoes loading in August, though broader fundamentals were largely stable. Singapore’s VLSFO cash premium was pegged at $5.85 a metric ton, while...

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The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the third straight session to a one-month low on Wednesday as capesize rates declined. The overall index, BADI, which factors in the rates for...

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Denmark’s A.P. Moller-Maersk said on Wednesday that disruption to its container shipping via the Red Sea had extended beyond trade routes in the far east of Europe to its entire global network. Shipping groups have diverted vessels around Africa’s Cape of Good Hope...

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Three sources said the Greek navy this week extended an advisory effectively banning ship traffic off the coast of the southeastern Peloponnese in a bid to deter ship-to-ship transfers of Russian oil off Greece. Over the past months, Greece has been issuing and...

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