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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Baltic index at 5-1/2 years high The Baltic Exchange’s main sea freight index rose to its highest since December 2013 on Wednesday, pushed by strong demand across all vessel categories, with the panamax index hitting an eight-year …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY US seaports record surging volumes on back of robust economy Many US sea ports achieved record or near-record cargo volumes in the first half of this year, building on the high benchmark set in 2018 for import …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Baltic index slides for twelfth session on sluggish demand The Baltic Exchange’s main sea freight index extended its decline for a twelfth session in a row on Wednesday, reaching its weakest level in more than a month, …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Weak iron-ore shipping demand drags down Baltic index The Baltic Exchange’s main sea freight index fell for a seventh straight session, as demand for shipping iron-ore fell in the Atlantic. The Baltic index, which tracks rates for …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Baltic index falls on sliding Capesize rates The Baltic Exchange’s main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Baltic index extends gains on Capesize, Panamax demand The Baltic Exchange’s main sea freight index rose on Wednesday, driven by demand for capesize and panamax vessels. The Baltic index, which tracks rates for ships ferrying dry bulk …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Ship operators cannot afford to turn a blind eye to cyber security The United States Coast Guard (USCG) shares its findings from an investigation into a cyber incident onboard a commercial vessel. In February 2019, a deep …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Maritime operators set full speed ahead for cleaner ships Shipping historically has never been much of a friend to the environment. Oceangoing vessels have burned heavy oil, the world’s dirtiest propulsion fuel, since they switched from coal …

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Ports & Shipping

Shipping News

WORLDWIDE SHIPPING INDUSTRY Global shipping outlook stable, says Moody’s The outlook for the global shipping sector into 2020 will remain stable, as higher expected earnings are counterbalanced by the US-China trade tensions and worldwide regulatory risks, says Moody’s Investors Service …

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