News Flash
Baltic Index Slides For 10th Session As Capesize Rates Fall
The Baltic exchange’s main sea freight index slipped for the tenth straight session on Tuesday, pressured by a decline in...
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Dry bulk: Capesize Driven To 2-Month Low By Excess Tonnage, Slow Demand
The Capesize market has retreated sharply after crossing the key $40,000/day mark in early May as mining majors, trading houses...
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Asian Ports Refuse To Accept Containership Whose Captain Died Of COVID-19
Evergreen containership Ital Libera, whose Master died of COVID-19, is diverting to Europe as no ports in Asia will accept...
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Crowley First US Shipping Company To Join Ship Recycling Transparency Initiative
Crowley Maritime Corporation has become the first US-owned and that will publicly disclose its ship recycling policies, practices and process...
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Costamare’s Bond Issue Shows That Financing Can Be Found, But Scale Is Ever More Important Today
With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so...
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Autonomous Ships Given Regulatory Guidance
Finalisation of the International Maritime Organization’s scoping exercise for autonomous ship safety crystallises the direction and scale of the regulatory...
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Supercycle, What Supercycle? China’s Commodity Imports Fail To Impress
The bullish shine surrounding commodities may have lost some of its lustre, with imports in May by top buyer China...
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Ardmore Shipping Announces Definitive Agreements On Strategic Investment In Element 1 Corp., Establishment Of E1 Marine Joint Venture, And Preferred Stock Financing
Ardmore Shipping Corporation announced that it has entered into definitive agreements for the previously announced strategic investment into Element 1...
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Trafigura, Yara To Jointly Pursue Clean Ammonia Opportunities
Singaporean/Swiss commodity trading company Trafigura and Norway-based ammonia player Yara International have signed a memorandum of understanding (MOU) to collaborate...
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Abu Dhabi Terminals And Microsoft Launch AI Partnership
Abu Dhabi Terminals has partnered with Microsoft to enhance container tracking using Artificial Intelligence (AI). The companies will use Microsoft’s...
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CMA CGM: First Quarter Of 2021 Financial Results – Sustained Strong Operating And Financial Performance
The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met today under the...
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MSC Mediterranean Shipping: CEO Soren Toft Calls For Global Approach To R&D And Carbon Pricing
MSC Mediterranean Shipping Company has joined other carriers in reiterating support for a global R&D decarbonisation fund and also in...
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Eagle Bulk Acquires Scrubber-Fitted Ultramax Pair
US-based shipowner Eagle Bulk Shipping has purchased two 2015-built scrubber-fitted Ultramax bulk carriers from Nautical Bulk Holdings for total of $44...
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Bureau Veritas Grants First Type Approval For LTO Battery System
Swedish energy system supplier Echandia Marine has obtained type approval from the classification society Bureau Veritas for its lithium titanium...
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CMPort Sees 25.5% Container Volumes Growth In First Four Months
China Merchants Port Holdings (CMPort) has recorded a significant growth in both container throughput and bulk cargo volumes so far...
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Study Finds FuelEU Maritime May Promote Biofuels, Raising Substantial Enforcement Concerns
Arecent study on the upcoming FuelEU Maritime proposal finds that a promotion of biofuels may raise serious enforcement concerns, as...
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Baltic Main Index Hits Over One-Month Low On Weaker Capesize Segment
The Baltic exchange’s main sea freight index fell for a seventh straight session on Thursday to a more than one-month...
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Aft Section Of X-Press Pearl Sinks To Seabed, Pollution Fears
The aft section of the heavily fire damaged X-Press Pearl has sunk to the seabed at 21 metres while the...
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UN Security Council To Discuss Decaying FSO Tanker Anchored Off Yemen
After months of talks aimed to permit UN inspectors permission to board a decaying oil tanker anchored off Yemen as...
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Belgium Is First EU Country To Start Seafarer Vaccination
Belgium has officially started its vaccination campaign for seafarers this morning in the presence of the Deputy Prime Minister and...
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