News Flash | Sea and Job

No room for complacency: maritime piracy incidents fall but crew safety remains at risk

ICC’s International Maritime Bureau (IMB) is calling for sustained vigilance to protect seafarers amid increasing violence, despite an overall drop in the number of incidents reported in its mid-year report for 2024, released today. Sixty incidents of piracy and armed...

Baltic index extends gains as rates for smaller vessels rise

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended gains from the previous session on Thursday as rates for panamax and supramax vessels rose. The overall index .BADI, which factors in rates for...

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Northwest Europe According to a trader, LSMGO demand has been muted in Rotterdam and the wider ARA hub. Availability of all bunker fuel grades is said to be normal in the ARA hub, with lead times of 3-5 days generally recommended for optimal supplier coverage. The...

Maersk Loses Reliability Crown to PIL After Almost Three Years

PIL had the most reliable schedule among the top 12 container lines in Q2 2024 when arranged by average delay time, breaking Maersk’s streak at the top since Q3 2021, according to eeSea’s latest container reliability scorecard. Average delay times across the market...

Container Rates Rise Again With More To Come

Drewry’s World Container Index (WCI) for 20 June showed a 7% increase in its composite index to $5,117 per feu. Putting the recent rate rises in context, the latest figure is 233% up on the same week last year and 260% above the average pre-pandemic rates of $1,420 in...

Attacks On Red Sea Shipping Bankrupt Israeli Port

Eilat is situated on Israel’s southern coast on the Red Sea, linking the country to Asia and the Indian Ocean without the need to transit the Suez Canal. However, its volumes have been in decline since a Q4 2022 spike saw the facility handle 124,000 tonnes, doubling...

No room for complacency: maritime piracy incidents fall but crew safety remains at risk

Baltic index extends gains as rates for smaller vessels rise

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Maersk Loses Reliability Crown to PIL After Almost Three Years

Container Rates Rise Again With More To Come

Attacks On Red Sea Shipping Bankrupt Israeli Port

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