Baltic index rises as rates improve for capesize vessels

The Baltic Exchange’s main sea freight index rose on Tuesday, as higher rates for capesize vessels offset a fall in panamax and supramax segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects...

Shipping number of the week: High-sulphur fuel oil sales reach 24% of total in...

Nearly a quarter of total bunker sales in Singapore refuelled scrubber-fitted ships with high-sulphur fuel oil (HSFO) in July, thereby reaching the highest level of HSFO sales so far in 2020 with 24% of total bunker sales – or...

Maritime market update: a record low Hi-5 spread in ARA

Risavika LNG index for September was up 0.6 % week on week to 18.13 EUR/MWh. Maintenances in Norway, continuing until almost mid-September, tightened the pipeline gas supply, while there are not yet signs of increase in LNG arrivals to...

Call for global system of safe corridors for ship crew change

International shipping accounts for around 90 per cent of world trade, according to latest figures from the International Chamber of Shipping. This means we all rely on shipping to deliver the goods and products on which we depend –...

Gasum’s Coralius bunkered car carrier in Malmö, Sweden

Gasum bunkered United European Car Carriers’ vessel M/V Auto Energy with liquefied natural gas (LNG). The bunkering took place in Malmö at the Copenhagen Malmö Port via a ship-to-ship operation from Coralius to Auto Energy. The car carrier Auto...

Israeli shipper Zim exploring IPO on foreign exchange

Israeli shipping company Zim is considering an initial public offering on a foreign exchange, Israeli news website Globes reported. A Zim spokesman said the company was not commenting. Two options being examined are to hold the offering in London...

Jinhui Shipping Reports First Half Net Loss of $23.5 Million as the Pandemic Takes...

The Board of Jinhui Shipping and Transportation Limited (the ‘Company’) is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries (the ‘Group’) for the quarter and six months ended 30 June 2020. In the...

Misuse of supply chain finance worrying but not widespread, says Global Supply Chain Finance...

The Global Supply Chain Finance Forum (GSCFF) – comprising BAFT (Bankers’ Association for Finance and Trade), FCI, the International Chamber of Commerce (ICC), the International Trade & Forfaiting Association (ITFA) and the Euro Banking Association (EBA) – today released...

ISWAN welcomes release of Iranian hostages by Somali pirates after years in captivity

The International Seafarers’ Welfare and Assistance Network (ISWAN) welcomes the release of three Iranian hostages by Somali pirates after nearly five and half years in captivity. The three Iranian hostages, who were held for 1,975 days by Somali pirates,...

Corpower Ocean appoints wind industry veteran to lead Portuguese operation

Leading global wave energy developer CorPower Ocean has appointed Miguel Silva as head of its Portuguese operation. The news comes shortly after CorPower revealed plans for a new 16 MEUR (USD18.1m) R&D, Manufacturing and Service Centre in Viana do...