The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a ninth straight session on Tuesday to a near six-week low as rates fell across vessel segments. The overall index, which factors in rates for capesize,...

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Analysis from Mikkel Nordberg, Veson Nautical’s Senior Shipping Economist, indicates that the advantages stemming from the expansion of renewable energy capacity may outweigh the negative effects of diminished coal demand. When considering a medium-term timeframe...

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The re-routing of mainline vessels via the Cape of Good Hope has resulted in a steep downturn in vessel call capacity across East and Central Mediterranean hub ports, but West Mediterranean ports have shown more resilience. With no resolution to the security situation...

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China reduced its intake of Russian coal during the first quarter of the year, while Australia saw a surge in its export volume compared to the previous year’s lows, particularly noticeable in the January to March period. In the closing days of March, there has been a...

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A second vessel has departed Cyprus with aid for Gaza under the auspices of the NGO World Central Kitchen. The freighter Jennifer is now under way for the Gaza Strip, accompanied by the rescue tug Open Arms.  The delivery is supported by the government...

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South Korean shipbuilder HD Hyundai Heavy Industries beat out a strong field of international competitors to win the first of a series of contracts being awarded to modernize Peru’s navy. HD Hyundai reports it is the largest-ever export defense products contract to...

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