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Baltic index rises for sixth straight session to hit one-month peak

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the sixth straight session to hit a one-month high on Thursday, supported by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 37 …

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Joint Public Statement on shipping fuels in the Clean Industrial Deal

The Clean Maritime Fuels Platform, representing the European shipowners and the fuel suppliers, stresses the urgency of developing a European supply chain for clean shipping fuels. An estimated €40 billion in annual investments required for European shipping alone up to 2050 according to the Draghi report. Supporting investments to foster the production and availability of …

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Shipping companies stay away from Red Sea partly due to commercial interests

Shipping companies are avoiding the Red Sea for safety reasons as well as commercial interests, some industry observers said Feb. 19, even as a limited but increasing number of players are returning to the region. Yemen-based Houthi militants claimed to have attacked over 130 ships since the Israel-Hamas war broke out in October 2023, prompting …

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EU Ship Recycling Regulation: Evaluation and list update

The European Commission on Wednesday published the results of the EU Ship Recycling Regulation evaluation. The assessment concludes that the Regulation has largely achieved its objectives and, notably, through the establishment of a dedicated European List of authorised ship recycling facilities, has contributed to higher environmental and social standards in ship recycling practices. It has …

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