Baltic Index Falls On Lower Capesize, Panamax Rates

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged lower on Thursday, hurt by falling rates across the capesize and panamax segments. The main index, which factors in rates for capesize, panamax and...
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HSFO softens further as market eyes heavy inflows

Strength in the Asia high sulphur fuel oil (HSFO) market eased further on Wednesday as the market eyed heavy supply. More cargoes from the Middle East are expected to land in Asia this month as an earlier rally in HSFO prices drove more barrels to the region, trade...
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IMO to develop global strategy for maritime digitalization

IMO to develop global strategy for maritime digitalization: IMO to develop global strategy for maritime digitalization banner medium The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies...
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