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Baltic Index Edges Down From Near Two-Year Peak As Rates Drop Across All Segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, eased from a near two-year-peak on Thursday, pressured by weaker rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 31 points, or 1.1%, to 2,815 points. The …

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Unlocking ammonia as a fuel source for heavy industry

At a high level, ammonia seems like a dream fuel: It’s carbon-free, energy-dense, and easier to move and store than hydrogen. Ammonia is also already manufactured and transported at scale, meaning it could transform energy systems using existing infrastructure. But burning ammonia creates dangerous nitrous oxides, and splitting ammonia molecules to create hydrogen fuel typically …

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