LATEST ARTICLES

Explosion damages Greek-managed oil tanker off Saudi Arabia

An explosion has damaged an oil tanker off the coast of Saudi Arabia in the Red Sea near the border with Yemen, according to a private security firm. The blast on Wednesday hit the MT Agrari, a Maltese-flagged, Greek-managed vessel...

Xeneta container rates alert: no crisis for carriers as long-term contracted rates continue upward...

Leading container shipping companies are continuing to weather the pandemic storm, and its economic shockwaves, with success – pushing long-term contracted rates up for the second successive month. In the latest figures from Xeneta’s XSI® Public Indices report, which...

Tanker shipping: worst not yet over as industry pays for strong second quarter

This year, tanker shipping will not benefit from the usual strong winter seasonal effect. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given...

Baltic index rises on firmer rates for all vessels

The Baltic Exchange’s main sea freight index climbed for a seventh straight session on Wednesday, helped by stronger rates across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, gained 19 points,...

Simply Blue Joins World Ocean Council

The World Ocean Council (WOC) is proud to announce that Simply Blue (incorporating Simply Blue Energy and Simply Blue Aquaculture), a pioneer in the development of sustainable projects in marine renewable energy and aquaculture, joins the WOC as part...

DNV GL, Intercargo and the Standard Club launch new bulk carrier ventilation guide

Proper ventilation is essential to preventing damage to the cargo and to ensure the safety of the crew and vessel in bulk carriers. To provide ship’s masters and crew with an understanding of different ventilation requirements for bulk cargoes,...

Suez Canal Authority Halves Tolls for VLCC Tankers

As an encouragement for laden VLCCs & ULCCs (of DWT more than 250,000 tons) to transit the Suez Canal; Suez Canal Authority had decided the following: VLCCs & ULCCs (of DWT more than 250,000 tons) loaded from “ports at...

Container shipping: a surprisingly profitable year during challenging times, but how long can it...

There is money to be made by both carriers and tonnage providers as volumes defy usual seasonality and remain strong into the fourth quarter of the year. On top of that, low bunker prices –, one of the keys...

UK Maritime Minister confirmed to speak at UK Chamber of Shipping Virtual Conference

The UK Chamber of Shipping has confirmed Robert Courts MP, the UK Maritime Minister, will speak at its inaugural Virtual Conference in February. The conference, which will take place on 11 February and is replacing the postponed 2021 Annual...

Frontline Report Third Quarter Net Income of $57.1 Million

Frontline Ltd. (the “Company” or “Frontline”), yesterday reported unaudited results for the three and nine months ended September 30, 2020: Highlights • Net income of $57.1 million, or $0.29 per diluted share for the third quarter of 2020 •...