LATEST ARTICLES

Britain, EU tell each other to give way in ‘difficult’ trade talks

Britain insisted on Sunday that the European Union should budge to open the way to a new, post-Brexit trade pact, drawing a swift response from the bloc’s negotiator defending the union’s right to protect its interests. With less than two...

Baltic index weakens on lower panamax, supramax rates

The Baltic Exchange’s main sea freight index slipped on Monday, as weaker panamax and supramax rates more than offset rising capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, snapped an eight-session streak...

Capesize secondhand sales bonanza in Q4

The Capesize market in Q4 thus far was defined by a steady decline in BDI with a recent small uptick during December. After its 5TC average peaked in the first days of October to US$33.500/d, it is now hovering...

IMO Secretary-General denounces “no crew change” clauses

IMO Secretary-General Kitack Lim has spoken out against “no crew change” clauses in charterparties, pointing out that such clauses exacerbate the dire situation of stranded seafarers and undermine the efforts undertaken to resolve the ongoing crew change crisis. So-called...

Persistently tight containers market expected into 2021 as contract talks evolve

The existing challenges in the container market are likely to persist into the first quarter of the next year as firm demand meets supply constraints and logistical bottlenecks, market sources said. “All shipping liners have verified that demand is...

EU Smart And Sustainable Mobility Strategysea

SEA Europe welcomes the European Commission’s Smart and Sustainable Mobility Strategy, published on 9 December. This new strategycovers all modes of transport, including waterborne transport. But, for the first time, it also covers relevant points from the perspective of...

Genco Shipping & Trading to Acquire Three Modern, Fuel-Efficient Ultramax Vessels in Exchange for...

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today announced that it has entered into an agreement to acquire three modern, eco Ultramax vessels in...

Stena Line fast tracks introduction of additional Rosslare – Cherbourg ferry to assist freight...

The Stena Foreteller is to be redeployed on the direct route to the Continent following border closures between the UK and France. In light of recent international border closures which have seriously impacted freight flows, Stena Line has confirmed...

Wärtsilä LPG Fuel Supply System to be retrofitted to an additional three BW LPG...

The technology group Wärtsilä’s industry leading R&D investments in enabling liquefied petroleum gas (LPG) to become a viable marine fuel has resulted in a further order for the company’s LPG Fuel Supply System (LFSS). Oslo-listed BW LPG, the world’s...

The Mission To Seafarers Announces Crew Welfare Campaign To Maintain Seafarer Support During Pandemic

The Mission to Seafarers today announced the launch of a new fundraising campaign to sustain the crew welfare support currently being provided around the world at a time when it is most needed and as the COVID-19 pandemic continues....