A combination of weather conditions, trade demand and geopolitics has buoyed containership freight and charter rates, reports MSI London and Singapore 23 May 2024. A combination of the ongoing Cape Of Good Hope diversions, a stronger-than-expected demand rebound and...

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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Thursday, as steady capesize rates offset declines in smaller vessel rates. The overall index, which factors in rates for capesize, panamax and...

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Iron ore futures hit a three-month high on Wednesday as investors bet on better demand following China’s support for the property sector, despite ample stocks in the world’s top consumer. The most-traded September iron ore contract on China’s Dalian Commodity Exchange...

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Stockpiles of oil products at the UAE’s Port of Fujairah dropped for a fifth consecutive week, the longest losing streak since 2020, as shipments of fuel oil used for bunkers and for power generation increased ahead of summer and peak demand for air conditioning in...

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Indonesian state purchasing agency Bulog is believed to have purchased about 210,000 metric tons of rice an international tender for up to 300,000 tons which closed his week, European traders said on Wednesday. The rice was expected to be mainly sourced from Vietnam,...

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Kongsberg Maritime is proud to announce a significant upgrade to Solstad’s Normand Sentinel, one of its most prominent subsea construction vessels. This upgrade will see the vessel transition to Kongsberg Maritime’s state-of-the-art electric rim-drive azimuth...

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