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Baltic Index Logs Second Straight Weekly Gain On Higher Capesize Demand

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels carrying dry bulk commodities, gained on Friday and registered its second consecutive weekly gain, driven by strong capesize rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 70 points to 1,229 points, its highest …

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Significant increase in biofuel usage to meet GHG reduction targets

The latest FOBAS Fuel Insight Report highlights rising biofuel uptake, ongoing issues with off-specification fuels and the impact of new regulatory measures. The latest analysis from Lloyd’s Register’s Fuel Oil Bunkering Analysis and Advisory Service (FOBAS) highlights a significant increase in biofuel usage, primarily driven by EU and IMO regulations, including the Mediterranean SOx (Sulphur …

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CMA CGM Group: Higher Tariffs Announced In The United States Could Have An Impact On Trade

Commenting on the results for the year, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “Our Group has delivered strong results this year, driven by our shipping activities. Our logistics business has also performed well, supported by the strategic investments made in recent years. In 2025, in a context of …

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Blue waters, green vessels: Three ways ING is helping shipping to become more sustainable

The shipping industry, responsible for transporting over 80% of the world’s traded goods, faces significant challenges in reducing its carbon footprint. As a financier of top-tier international ship owners, ING wants to play a leading role in accelerating transition to a low-carbon future. We aim to do this in three ways: by engaging with our …

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ST Engineering Marine Ltd., Singapore, selects Kongsberg Maritime design and equipment for new walk-to-work OSV

Kongsberg Maritime will supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for a leading oil & gas company. The 97-metre vessel of Kongsberg Maritime UT 5520 design will accommodate 106 people and features a motion-compensated gangway to enable safe …

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