The Baltic Exchange’s dry bulk sea freight index declined on Thursday, as lower rates for panamax and supramax vessels outweighed strength in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 5 points, or 0.2%, at 2,086, its lowest since late November. The capesize index rose …
Baltic index ticks down as smaller vessel rates dip Read More »
Container xChange, a leading online container trading and leasing platform, releases its New Year’s Edition Container Market Forecaster, shedding light on the escalating geopolitical risks set to reshape the landscape of global trade in 2024. In response to these geopolitical risks, majority of shipping professionals surveyed in the month of December 2023, by Container xChange, …
Global Trade Braces for Unprecedented Geopolitical Challenges in 2024 Read More »
Argentina is on track to boost grain exports by 40% in 2024, recovering from last year’s drought which afflicted crops, but still below the 2019-2022 average. Climate patterns and government policy are shaping the outlook. El Niño has brought improved weather conditions for Argentina’s grain crops. The wheat harvest is nearly complete and estimated to …
Argentina’s grain exports could jump 40% due to favourable weather Read More »
Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers have already diverted more than $200 billion in trade over the past several weeks away from the crucial Middle East trade route, which, …
Red Sea crisis boosts shipping costs, delays – and inflation worries Read More »
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers to suspend plans to restart transits through the Red Sea, a key artery to the vital Suez Canal trade route. Yemen-based Houthi militants have been attacking high-value cargo vessels in the Red Sea since November …
Ocean cargo rates climb after new Red Sea ship attacks Read More »
Maritime people experts Spinnaker represented law firm Hill Dickinson in their recent recruitment of a specialist Ship Finance team of 10 from Ince & Co. The project was handled personally by Spinnaker Chairman Phil Parry, himself an ex-Ince & Co maritime lawyer. The new hires all moved from Ince & Co Hong Kong and the …
La circulación por el puente bailey, de 45 metros, en el río Marker está habilitada. Después de cuatro semanas de un intenso trabajo articulado con otras instituciones cumplimos con el ofrecimiento de instalar el puente antes del 30 de diciembre de 2023. Armamos la estructura bailey. Lo hicimos con nuestros técnicos y con el apoyo …
To combat climate change, the energy mix must shift from a mix that is dominated by fossil fuels, oil & gas, coal, to an energy mix that depends more on clean energy production methods. The good thing is that everyone is committed to achieving this goal. The challenge that comes with this is that a …
The entire energy transition needs metals increasingly, says Allseas’ Pieter Heerema Read More »
While the global energy demand outlook remains robust and many projects are in the pipeline – ranging from oil, gas, and LNG to renewables and other clean energy sources of supply – rising costs, capital access headwinds, and strained supply chains are still looming large on the energy horizon. Should the world aim for a …
Capital Product Partners L.P. has taken delivery of the LNG Carrier Axios II as part of its umbrella deal covering the acquisition of 11 newbuild liquefied natural gas carriers. Courtesy of Capital Gas The vessel was built by Hyundai Heavy Industries and delivered in January 2024. The dual-fuelled LNG carrier is fitted with an air …
Axios II LNG carrier joins Capital Product Partners’ fleet Read More »
