Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, rose on Friday bolstered by firmer rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 80 points, or 2.5%, at 3,255 points. The index was up 1.2% for the …
Strong demand across vessel segments lifts Baltic index Read More »
Over the last few months, the topic of smart shipping and the various purposes of maritime IoT has been receiving increased media attention. A key point to remember is these terms mean different things to different people within the shipping ecosystem. I will attempt to shed some light upon these….The uses of smart shipping technology …
Drewry’s composite World Container index increased 15.9% or $1,104 to $8,061.65 per 40ft container. Our detailed assessment for Thursday, 24 June 2021 The composite index increased 15.9% or $1,104 this week, and also, remains 332% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,533 per …
Drewry: World Container Index Up 15.9% Week-on-Week Read More »
Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even so, there’s something to be said for shipowners taking a few chips off the table — and some are. To quote American financier Bernard Baruch: “I made …
More container ships score ‘astronomical’ $100,000/day rates Read More »
Crowley recently took delivery of its new 55,000-barrel, articulated tug-barge (ATB), the Aurora/Qamun. The 410-foot vessel is the second ATB in Crowley’s fleet, after the Aveogan/Oliver Leavitt, to be dedicated to the Alaska market. The ATB is specially designed to add efficiency and range to transport clean petroleum products for Crowley Fuels, the company’s Alaska-based …
Crowley Takes Delivery of Second ATB Dedicated to Alaska Fuels Service Read More »
The Day of the Seafarer, held on 25 June every year, draws global attention to the contribution that seafarers make to world trade. As the world slowly moves through the pandemic, it is more important than ever not only to acknowledge the efforts that seafarers have made to keeping the supply chain open despite extremely …
Indonesia’s state oil company Pertamina’s new unit, Pertamina International Shipping (PIS), is looking to spend US$4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday. The new unit plans to replace 23 vessels and expand its fleet, to ensure compliance with the latest …
Indonesia’s Pertamina shipping unit to spend US$4 billion on upgrades Read More »
As COVID-19 continues to affect the world, the NYK Group has implemented measures to continue stable business operations in order to satisfy the Group’s social mission of “Keeping the logistics lifeline open.” In fact, we have introduced new initiatives to build on the measures that we announced in June 2020. To overcome challenges our customers …
On International Day of the Seafarer, the Cyprus Shipping Deputy Ministry (SDM) has issued a circular which outlines plans to provide COVID-19 vaccinations to all seafarers on Cyprus-flagged and Cyprus-managed vessels. The island nation is also exploring the potential to become a vaccination hub for all visiting seafarers, proactively supporting long-term progress for seafarer welfare. …
Cyprus To Vaccinate All Seafarers On Flagged & Managed Vessels Read More »
INTERCARGO acknowledges the technical and operational measures adopted at the 76th session of the IMO’s Marine Environment Protection Committee (MEPC 76) to reduce Greenhouse Gas (GHG) of international shipping but warns that there can be no compromise when it comes to safety. Dimitris Fafalios, Chairman of INTERCARGO says: “We note the measures adopted by IMO …
“No compromise on safety says INTERCARGO following MEPC 76” Read More »
