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Baltic index declines for second day on weak demand across vessels

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, pressured by weak demand across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 129 points to 1,627 points. The capesize index …

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Record volumes and capacity from Far East to South America East Coast – understanding the impact of shifts in global trade

Massive shifts in global trading patterns in 2024 have made the task of managing and optimizing supply chains even more complex. This is perfectly demonstrated on the trade from the Far East to South America East Coast where a record-breaking 1.6m TEU (20ft shipping container) was shipped in the first nine months of the year …

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Maritime safety: Council adopts new laws to support safe, clean and modern shipping in the EU

To support clean, safer, and modern shipping in the EU, today the Council adopted four new pieces of legislation of the so-called ‘maritime safety’ legislative package, namely those amending the relevant directives on: – the investigation of accidents in the maritime transport sector – ship-source pollution – compliance with flag state requirements, and – port …

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