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US-China trade war reinforces change in Asia’s manufacturing landscape

The peak season for containerised exports from Asia to the US is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year. However,...

CMA CGM Group: Signing of a MoU for the acquisition of 30% of Groupe...

Jean-Paul Dubreuil, Chairman of Groupe DUBREUIL Aéro, and Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, announced the signature of a Memorandum of Understanding for the acquisition of 30% of Groupe DUBREUIL Aéro by the...

Baltic index jumps over 4% on capesize rates

The Baltic Exchange’s main sea freight index saw its biggest daily percentage rise in over one month on Wednesday as capesize vessel rates jumped. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects...

Baltic index soars to over 2-month high as vessel rates rise

The Baltic Exchange’s main sea freight index jumped to over two-month high on Thursday as rates across vessel segments strengthened, particularly capesizes. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for...

How COVID-19 accelerated digital transformation for a centuries-old industry

For nearly 200 years, Bureau Veritas has ensured the safety of the shipping industry through testing, inspection and certification. However, the rise of the global COVID-19 pandemic left this age-old industry faced a brand-new challenge. “The process of inspections...

8 out 10 Capesize bulkers head for China when leaving Australia

3,016 voyages performed by 940 Capesize ships are the numbers from Australian exports to China during the first eight months of 2020. A total of 899 voyages were destined for other nations, with South Korea and Japan-bound voyages accounting...

Bunker Market Still Under Pressure, as Demand Slowdown Prevails

The market is assessing the stalled recovery in fuel demand as countries continue to battle the coronavirus pandemic with rolling COVID-19 lockdowns. This has created uncertainty about whether demand for transportation fuels will ever return to normal. The World...

Notice on Differences between Consolidated Financial Forecasts for First Half of Fiscal Year ending...

Kawasaki Kisen Kaisha, Ltd. (hereinafter, “the Company”) announces that the consolidated financial forecasts for first half of fiscal year ending March 2021announcedon August5,2020 has been revised as follows. 1.Differences from Financial Prospects 1)Content of Differences Differences from Consolidated Financial...

Drewry highlights transformation of rate conditions in transpacific container shipping

Unprecedented transpacific spot freight rates signal that a transformation of the container shipping sector may be underway and that shippers need to adapt. Eastbound spot container freight rates have not just increased a lot since the beginning of the...

On the level: How NOAA water data updates help maritime shippers

Experts at the National Oceanic and Atmospheric Administration (NOAA) have embarked on a five-year scientific journey through America’s waterways. NOAA, along with several national and international partners, is updating the baselines used to measure water level heights and depths...

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Declining capesize, panamax rates weigh on Baltic index

The Baltic Exchange’s main sea freight index fell on Wednesday, hurt by lower demand for capesize and panamax vessel segments. The Baltic dry index,...

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