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Baltic Index Slips For Second Straight Session On Lower Vessel Demand

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell for a second straight session on Wednesday, pressured by lower demand across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 34 points to 1,228 points, its …

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Possible penalties on China-built ships… US tariffs hit more countries… What next?

More uncertainty ahead for shipping, everybody! If anybody expected ocean shipping and international supply chains would become more stable after the recent Covid and Suez Canal disruptions, they must be disappointed. Here, we look at two worrying new developments. 1. Proposed US penalties on Chinese ships and carriers You will have read articles and comments …

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Lloyd’s Register to use generative AI to advance the application of nuclear technology in maritime in collaboration with Microsoft

Lloyd’s Register will become one of the first maritime organisations to use generative AI for permitting capabilities built upon Microsoft Azure OpenAI Service, to bridge the gap between terrestrial and maritime applications. The capabilities are designed to enhance the regulatory process for nuclear technology and will be used by Lloyd’s Register to advance the deployment …

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Colombia upping regasification ante to tackle looming gas shortage

Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area. The post Colombia upping regasification ante to tackle looming gas shortage appeared first on Offshore Energy.

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