No short-term relief Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surge in prices across different freight rates (dry bulk, containers) along major trade routes. Prices for several trade lanes have tripled compared to last year, and charter prices for container …
5 reasons global shipping costs will continue to rise Read More »
Digitalization in shipping shouldn’t be regarded as a thing for the future, or some abstract idea that could (or not) offer valuable contribution to the way the industry works. It’s actually happening right now and has been for quite some time. New software and hardware are taking over, in order to assist ship owners in …
Technology is Paving the Way for the Future of Shipping Read More »
The Baltic exchange’s main sea freight index slipped for the tenth straight session on Tuesday, pressured by a decline in capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, shed eight points, or 0.3%, to 2,420. The capesize index fell by 74 points, or 3%, …
Baltic Index Slides For 10th Session As Capesize Rates Fall Read More »
The 2021 edition of Sea Asia, Asia’s leading maritime business event, will be fully virtual when it takes place from 21st to 23rd September. The decision was taken following the success of Sea Asia’s inaugural Virtual Preview event, which took place in April 2021 during Singapore Maritime Week. The Virtual Preview was attended by close …
Hill Dickinson has further strengthened its leading commodities practice by hiring established professional Iain Sharp as Partner in the Singapore office. As well as significantly enhancing the firm’s commodities practice in Singapore, Iain will work closely with Hill Dickinson’s shipping and trade lawyers in London, Hong Kong and Greece. Well-renowned in the shipping and trade …
Hill Dickinson boosts Singapore commodities expertise with hire of Iain Sharp Read More »
Leading global law firm Reed Smith has today announced the addition of Robert Lustrin to its Transportation Industry Group, based in New York. Lustrin brings to the firm more than 25 years’ experience advising shipping and offshore industry clients on all aspects of corporate and U.S. securities law. Previously a partner at New York’s Seward …
US-based marine energy company Ocean Power Technologies (OPT) is set to change its listing from the Nasdaq Capital Market to the NYSE American stock exchange. The last day of trading on the Nasdaq Capital Market is expected to be 17 June, while OPT expects to commence trading as an NYSE American-listed company when markets open the day …
Canadian energy storage company, Sterling PlanB, and independent ship design group, ICE Marine Design, have signed a cooperation agreement to increase the uptake of energy storage systems (ESS). The partnered sides have decided to combine knowledge and resources in order to boost the adoption of ESS and thereby accelerate the maritime industry’s energy transition. ICE Marine Design, which provides designs …
Sterling PlanB and ICE Marine Design partner on ESS adoption Read More »
Norway’s floating terminal projects company Höegh LNG has acquired a minority stake in Gen2 Energy, joining together to develop seaborne logistics for green hydrogen. Courtesy of Höegh LNG This collaboration wants to result in taking a first-mover position in seaborne transport of green hydrogen, a market that still does not exist on a large scale. …
Höegh LNG goes into green hydrogen shipping with Gen2 Read More »
Subsea equipment rental firm Seatronics, an Acteon company, and hydrographic equipment provider Subsea Europe Services (SES) have signed a reseller agreement to expand subsea equipment rental reach. Under the agreement, the companies will share capabilities, mutually expand their rental and sales portfolios, and optimise access and logistics for in-demand marine and subsea equipment rental. Seatronics, …
Seatronics and SES team up to increase subsea equipment rental reach Read More »
