The Baltic Exchange’s main sea freight index rose to an 11-week high on Thursday as rates across larger vessel segments extended gains, led by capesize vessel segment. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was...

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China’s imports of Russian oil have been steadily growing, replacing Iranian crudes. In its latest weekly report, shipbroker Xclusiv said that “as the world economy is entering the second year of the Russian invasion in Ukraine, the US & EU place more and more...

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Mitsui O.S.K. Lines, Ltd. and Vale International SA have announced a partnership to retrofit a 200,000-ton class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale, with two 35m x 5m rotor sails produced by Norsepower Oy...

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Wärtsilä receives first CCS-Ready scrubber order, further propelling maritime decarbonisation. The technology group Wärtsilä has received its first order for carbon capture and storage-ready scrubber systems – CCS-Ready scrubbers – the company has announced today. The...

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Shipowners need to provide more operational data so that the International Maritime Organization can have a better regulatory framework around a center piece of its emissions regulations, the Carbon Intensity Index, some industry participants said March 7. From the...

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Anew research report released on International Women’s Day shines a spotlight on the welfare needs of women working on cargo ships. The Seafarers’ Charity, a significant funder of maritime welfare services, is now calling on its funded charities to consider increasing...

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