Baltic Dry Index Soars to 18-Month High on Capesize Surge
Nov 29 (Reuters) – The Baltic Exchange’s dry bulk sea freight index .BADI gained for the fifth consecutive session to hit an
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Nov 29 (Reuters) – The Baltic Exchange’s dry bulk sea freight index .BADI gained for the fifth consecutive session to hit an
By Mike Wackett (The Loadstar)- Not only do ocean carriers have too many ships, they also have too many containers to fill vessels that are being deployed. In
The U.S. Coast Guard has issued a safety alert to mariners, warning them about the dangers associated with fires caused by wood pellets. This alert comes after
By Alex Longley (Bloomberg) — A spate of attacks on merchant shipping near Yemen and Somalia, likely triggered by the war in Gaza, have prompted the US
Israeli shipping line ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) says it will re-route vessels to avoid the Arabian and Red Seas amid threats to
By Julian Lee (Bloomberg) — Oil tanker owners in Greece, the world’s most powerful shipowning nation, scaled back how much Russian crude they’re
WASHINGTON, Nov 27 (Reuters) – An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed
By Bloomberg News (Bloomberg) — A Black Sea storm halted loadings of crude and grains from key ports in Russia and Ukraine and left more than a million
Swire Projects, the projects and heavy lift shipping arm of Swire Shipping, has officially launched a dedicated semi liner service connecting East Asia with
Nov 27 (Reuters) – The Baltic Exchange’s dry bulk sea freight index rose on Monday for the third consecutive session to its highest level in
Shipping line Ocean Network Express is claiming a new world record with the loading of 21,954 twenty-foot equivalent (TEUs) containers on board a single ship.
By Alex Longley (Bloomberg) — The Panama Canal Authority said it will add extra slots allowing ships to pay big premiums to transit the waterway, which
The U.S. Department of Defense has confirmed that two ballistic missiles were launched towards the USS Mason and a commercial tanker from Yemen early Monday
By Aziz El Yaakoubi RIYADH, Nov 26 (Reuters) – Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the
By Max Hunder KYIV, Nov 25 (Reuters) – Ukraine needs more air defenses to protect its grain export routes as well regions bordering Russia, President
By Aziz El Yaakoubi RIYADH, Nov 25 (Reuters) – A container ship managed by an Israeli-controlled company was hit by a suspected Iranian drone
UK-based tanker company Stolt-Nielsen Limited (Oslo Børs: SNI) has announced a major development in its fleet expansion plans with an order for six stainless
By Ruth Olurounbi (Bloomberg) — Nigeria again demanded that shipping companies pay outstanding tax bills totaling millions of dollars, reviving a
Singapore-based shipping company Ocean Network Express (ONE) has announced the commencement of its first wind-assisted propulsion trial. In collaboration with
By Gloria Dickie Nov 24 – The world’s largest iceberg is on the move for the first time in more than three decades, scientists said on
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