The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a five-session winning streak on Wednesday. Lower Capesize and panamax vessel rates weighed on the index. The overall index, which factors in rates for...

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Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and the Red Sea crisis have tightened the market, especially the mid-size tanker segments. While spot rates are expected to remain firm until 2026 amid...

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DP World Romania has more than doubled its container shipping operating capacity in the Black Sea port of Constanta following investment that will also boost cargo and other freight, its Chief Executive Officer said. The operator, part of the UAE’s DP World...

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Emer International Limited, a subsidiary of CM Energy Tech Co., Ltd (CM Energy), has signed two contracts with Union Maritime Limited (UML), a leading tanker owner and operator, and Jiangsu New Yangzi Shipbuilding Co., Ltd, to build two new LNG dual-fuel LR2 tankers...

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Asia’s viscosity spread for cst High Sulphur Fuel Oil (HSFO) narrowed further on Tuesday, while the market eyed several South Asia tenders offering HSFO for spot loading. A couple of Indian refiners have offered 180-cst HSFO via tenders that close on Tuesday, industry...

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