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Higher capesize rates lift Baltic index to 2-week high

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels,...

Coronavirus pandemic triggers shipping container crisis

Anyone who needs to ship something big — or a great deal of something small — rents an ISO container for the purpose. But that’s not an easy task at the moment — there simply aren’t enough transport boxes...

Container Market: Feeling hot, hot, hot

The container shipping market has never been so hot. Investors are piling in as carrier profits take off to new heights. How long can it last? The progression of quarterly carrier operating profits in 2020 was exponential with a...

Dry bulk owners break out the bubbles but can they avoid the hangover?

The retreat of COVID-related disruptions will restore market efficiency and freight rates to better reflect underlying supply and demand fundamentals London and Singapore, 12 April 2021. Dry bulk owners enjoying a welcome bounce in earnings and asset values should...

KR and HHI Group sign strategic partnership MOU for GHG issues

Korean Register (KR) and Hyundai Heavy Industry (HHI) Group have signed an MOU to work together in strategic partnership to address key environmental challenges facing the industry, specifically decarbonization, and forthcoming IMO regulations. The HHI Group encompasses a range...

Panama Reaffirms Its Commitment To International Compliance

The Panama Maritime Authority (AMP), the entity responsible for the administration of the Panama Ship Registry, has bolstered its operation for strengthening the application of its procedures, especially those related to due diligence and international compliance of its fleet....

This could be the hottest summer ever — for freight

The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but covers one of the most...

GC Rieber Shipping: Shearwater GeoServices wins 3D Survey in Vietnam

GC Rieber Shipping ASA’s 17% owned geoservices company Shearwater GeoServices Holding AS (“Shearwater”) has been awarded a 3D seismic survey by a major operator in Vietnam. The two-and-a-half-month project will commence in April 2021 and will be conducted by...

BIMCO COVID 19 weekly report

Overview The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nation bodies...

Indian Register of Shipping (IRClass) undertakes successful sea trials for pioneer batch of vessels...

Indian Register of Shipping (IRClass) has undertaken successful sea trials for two vessels towards use of biofuels in concurrence with the Indian flag administration. The two vessels – Ambuja Mukund and Ambuja Vaibhav, are owned by Ambuja Cements Ltd.,...

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Wilson Sons creates intelligent tool to expedite tug maintenance 

With a fleet of 80 tugboats, the largest in the country, Wilson Sons has developed an intelligent tool to speed up the diagnosis and...

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