Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers have already diverted more than $200 billion in trade over the...

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The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for Panamax and supramax vessels outweighed strength in the Capesize segment. The overall index, which factors in rates for Capesize, Panamax, and Supramax shipping vessels, fell 5...

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The most-traded May iron ore on China’s Dalian Commodity Exchange rose 2.8% to 1,017.5 yuan ($142.50) per metric ton at closing. On the Singapore Exchange, the benchmark February iron ore was up 0.6% at $141.76 a metric ton. The three-year forward gross capacity...

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Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As we approach the 20th February 2024 renewals, it’s crucial to understand the latest industry shifts and how...

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Activity in the S&P market was below 2022 levels, during the past year. In its latest weekly report, shipbroker Xclusiv said that “a total of 1,256 sales had taken place in the dry and tanker markets as of December 20th, representing a nearly 10% decline compared...

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U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023. The U.S. was the stand...

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