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Baltic index logs fourth weekly loss on weaker rates across all vessel segments

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, recorded its fourth consecutive weekly decline on Friday, dragged down by losses across all vessel segments for the week. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 4 points to 1,051 …

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Tackling a growing cybersecurity threat in an increasingly connected industry

As shipping continues to embrace digitalization, the threat of cyber-attacks has never been higher. Stakeholders across the maritime industry are making moves to protect their assets, but DNV experts warn that many are underestimating the scale of the threat and should take extra steps to protect their assets. The digitalization of the maritime industry is …

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Fitch Ratings: Global Shipping Outlook Is Stable in 2025

Fitch Ratings has changed its outlook for global container shipping to ‘stable’ from ‘deteriorating’, as it expects stable to improving performance in many sub-sectors, including tankers and bulk, partially offset by downward trajectory of container shipping. Shipping remains one of the most exposed sectors to geopolitical conflicts due to several choke points on key trade …

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Revised RightShip Inspection Age Trigger: What It Means for Owners, Managers, and Charterers

What changes has RightShip made regarding vessel inspection age triggers, and why? RightShip has revised its vessel inspection age trigger, reducing the inspection threshold from 14 to 10 years through a four-phased approach. This change aims to improve safety within the dry bulk sector, which continues to face higher rates of incidents, fatalities, and Port …

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Spiken – Second Groundbreaking Lake Vanern Max Delivered To Erik Thun Group

Erik Thun Group are proud to announce the delivery of our second groundbreaking vessel, the Lake Vanern Max, named MV Spiken. This innovative new generation of dry cargo vessels are designed to set new standards in the shipping industry with its advanced technologies and eco-friendly features; a plug-in hybrid designed to minimise emissions and maximise …

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MOL was Honored with the “World LNG Shipping Award 2024” at the World LNG Summit in Berlin

Mitsui O.S.K. Lines (MOL; President: Takeshi Hashimoto; Head Office: Minato-ku, Tokyo) has been awarded the World LNG Shipping Award 2024 at the World LNG Summit (Note1) held in Berlin, Germany, from 9-12 December. On December 10, three awards were announced at the World LNG Summit to acknowledge companies that have contributed to the development and …

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‘Silent enablers’: The European shipping companies moving deforestation-linked beef around the world

The loss of rainforest three times the size of London can be linked to these five European shipping companies. Global demand for beef continues to drive the destruction of the Amazon rainforest, as farmers clear land for grazing space. But the meat would never make it out of Brazil were it not for the behemoths …

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Castor Maritime Inc. Announces the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG

Castor Maritime Inc., a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase Agreement (“SPA”) with MPC Münchmeyer Petersen & Co. GmbH (“MPC Holding”) for the acquisition of 26,116,378 shares representing 74.09% of the shares of the Frankfurt-listed investment and asset manager MPC …

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