The Baltic Exchange’s dry bulk sea freight index (.BADI) posted a second straight weekly fall, weighed down by weaker demand for capesize vessels, which slipped to their lowest in nearly three weeks. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, was down 18 points, or …
Baltic index posts second weekly fall on capesize weakness Read More »
Digital transformation in the maritime sector has accelerated in recent years, as ship managers, owners and operators understand the benefits new technologies can unlock. Maritime faces an evolving regulatory landscape, rising fuel costs and complex people management, and data-driven insights help improve the speed, accountability and alignment of decisions with business and commercial objectives. Here …
7 benefits of data-driven decision making in maritime Read More »
Article III r.6 of the Hague-Visby Rules provides that claims against the carrier are time-barred unless suit is brought within 12 months of the date of delivery or the date when the goods should have been delivered. However, does this apply to claims for misdelivery occurring after discharge? This is an important question formerly left …
Drewry’s composite World Container Index decreased by 3% to $3,383.46 per 40ft container this week Our detailed assessment for Thursday, 20 October 2022 • The composite index decreased by 3% this week, the 34th consecutive weekly decrease, and has dropped by 66% when compared with the same week last year. • The latest Drewry WCI …
Drewry: World Container Index Down by 3% This Week Read More »
On the lines of the launch of Container Control, a revolutionary, first-of-its-kind technology platform for freight forwarders and NVOCCs worldwide, Container xChange published results of its recent poll to bring to light the burning pain points of container logistic companies and how the product aims to solve them. The poll shows that 60% of freight …
Global supply chain woes have eased ahead of the holiday season, according to Flexport founder and co-CEO Ryan Petersen. Ports are less congested, and the cost of shipping goods has fallen significantly this year, Petersen said. The price of shipping a container from Asia to the U.S. is down about 80%. “That’s really happy news …
Global supply chain woes have seen ‘huge improvement,’ Flexport founder says Read More »
Speaking at the 48th Annual South Carolina International Trade Conference on the “Customer Strategy Post Pandemic” panel, Narin Phol – Maersk North America’s Regional Managing Director recommended building resiliency into supply chains, developing technology solutions and decarbonization solutions. The messages underlined this year’s conference theme “Elevating the importance of Supply Chains.” “Supply chain disruption is …
Offshore wind turbine installation is today only done in very benign weather conditions due to the risk of severe impact of the wind turbine installation vessels’ (WTIVs) legs with the sea bed, leading to structural damage to the vessel or cargo. If the weather deteriorates, vessels have to wait until conditions improve before work can …
Offshore wind JIP lays ground for jack-up installation standards as industry expands Read More »
Seadrill Limited announces that it has entered into binding Share Purchase Agreements (“SPAs”) under which it will sell its entire 35% shareholding in Paratus Energy Services Limited (formerly Seadrill New Finance Limited) and certain other interests (“Sale”). Paratus Energy Services Limited is the entity through which investments in SeaMex Group, Seabras Sapura and Archer Ltd …
Seadrill Limited announces sale of shareholding in Paratus Energy Services Limited Read More »
Low water levels on the Mississippi River are likely to persist this winter as drier-than-normal weather is expected across the southern United States and Gulf Coast, U.S. government forecasters said. Drought, which currently spans 59% of the country, is expected to continue or worsen in the middle and lower Mississippi River valley as well as …
Shallow Mississippi River to persist as dry winter hits U.S. South – NOAA Read More »
