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Baltic index falls on lower capesize, supramax rates

The Baltic Exchange’s main sea freight index inched down on Thursday, as rates for capesize and supramax vessels declined. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and...

MABUX: Bunker Prices Mixed, as VLFSO Stil Weak, While HSFO Prices Are Relatively Strong

A renewed rise in COVID-19 cases in parts of Europe and elsewhere have underlined worries about the outlook for energy demand. Expectations now are that the Covid-19 impact will last longer than originally forecast. The World Bunker Index MABUX...

Shipping Looks To Technology To Confront A Volatile Future

The world is waking up to how brittle the hyper-efficient supply chains developed over the past few decades are when faced with a disruption like the Covid-19 pandemic. In the future, says Andrei Voinigescu, General Manager, Business Intelligence at...

ABS and LR Update Common Structural Rules Software to Comply with IACS Rule Changes

Common Structural Rules Software LLC (CSR), a joint venture company formed by ABS and Lloyd’s Register (LR), has updated its products to comply with the latest Rule Change Notice (RCN) from the International Association of Classification Societies. The CSR...

The Getting To Zero Coalition Maps The Numerous Zero Emission Pilots And Demonstration Projects...

A new mapping of zero emission pilots and demonstration projects from the Getting to Zero Coalition reveals the scale and breadth of projects already underway and highlights key trends in the maritime sector’s path to decarbonization. Zero emission fuels...

Accel-KKR Makes Majority Growth Investment in NAVTOR, The Leader in Navigational Software for the...

NAVTOR, the leading provider in navigational software for the maritime industry, today announced that it has received a majority growth investment from Accel-KKR, a leading global software-focused investment firm headquartered in Silicon Valley. The investment also marks Accel-KKR’s 42nd...

Frontline Reports Strongest Results in 10 Years

Frontline Ltd., yesterday reported unaudited results for the three and six months ended June 30, 2020: Highlights • Net income of $199.7 million, or $1.01 per diluted share for the second quarter of 2020. • Adjusted net income of...

Lynden International’s overnight turnaround for charter of PPE

This hearty band of Lynden International employees was ready and waiting for a FedEx charter flight of personal protective equipment (PPE) arriving from China to the Anchorage airport earlier this year. They quickly unloaded five 53-foot containers worth of...

Unique ICS Leadership Insights Series Delivers New Perspectives for the Shipping Industry

The International Chamber of Shipping (ICS) is running a unique series of digital events which will give shipping industry leaders an insight into how the post-COVID direction of national policies and corporate strategies outside the industry will impact on...

Applied Satellite Technology (AST) Ltd is pleased to announce a new joint venture with...

Global provider of intelligent remote communication solutions, Applied Satellite Technology Ltd (AST), is pleased to announce a joint venture with Wright Technologies, a leading provider of marine electronics services to the South Pacific markets. AST Group Managing Director, Gregory...

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Global bunker demand set for sharp fall as COVID-19 hurts

Global bunker fuel demand is expected to decrease significantly in 2020 reflecting the impact of the coronavirus pandemic, with tough market conditions amplifying credit...

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