The Baltic Exchange’s main sea freight index edged higher for the third straight session, propped up by stronger rates for the panamax vessel segment. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was 2 points higher at 1,350. The Baltic capesize …
Baltic index inches up as firmer panamax rates lend support Read More »
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for commodities …
The composite index remained stable this week but 41.9% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,689 per 40ft container, which is $284 higher than the five-year average of $1,406 per 40ft container. Drewry’s composite World Container index remained steady at …
Friday, Brookes Bell – the global technical and scientific consultancy – announced plans to develop a high-end laboratory to deliver comprehensive metallurgy, fuel testing, paint analysis and non-destructive testing facilities. Aimed at delivering a more comprehensive service to its maritime clients – and to support entry into new markets – the new 8,000 sq. ft …
Leading maritime technology and digital solutions company, Tototheo Maritime and Marine Fields Holdings, a pioneer in the field of live Port call ‘time-stamp’sharing have signed a Memorandum of Understanding with the Cyprus Marine and Maritime Institute (CMMI). The data gathering, analysis and assistance to port Call Optimisation and the precise estimation of Ship’s time of …
Second-Quarter 2020 Highlights • Total gross profit of $213.9 million, down 20% year-over-year • GAAP net loss of $10.2 million, or $0.16 per diluted share • Adjusted net income of $8.1 million, or $0.13 per diluted share • Adjusted EBITDA of $57.1 million “The resilience of our diversified business model produced a respectable result for …
World Fuel Services Corporation Reports Second Quarter 2020 Results Read More »
Leading Classification Society ClassNK is launching a new service titled “Innovation Endorsement” for certifying innovative technology. In February 2020, the Society announced the “ClassNK Digital Grand Design 2030” *1 which shows its future vision for the digital society of 2030, aiming to support the evolution of ocean-related business by meeting the new needs of clients …
ClassNK launches “Innovation Endorsement” service for certifying innovative technology Read More »
Carrier Transicold’s TripLINK™ data management platform for 24/7 remote monitoring and control of refrigerated containers has been enhanced with additional features providing greater functionality, more actionable intelligence and customizable fleet control addressing a shipping line’s unique needs. Carrier Transicold is a part of Carrier Global Corporation (NYSE: CARR), a leading global provider of innovative heating, …
Maritime UK, the umbrella body for the £46bn maritime sector, launched a BAME in Maritime Network (*) as part of the Diversity in Maritime programme. The network has been established as a safe-space community where BAME individuals from across the maritime sector can come together to share best practice and discuss barriers to change. The …
Maritime UK launches Diversity in Maritime BAME Network Read More »
Shipping Framework Agreement On 30 July 2020, the Company entered into the Shipping Framework Agreement with Minmetals Logistics in relation to the provision of ocean transport by Minmetals Logistics for the shipment of the products of the Group. Minmetals Logistics is a wholly owned subsidiary of CMC, the ultimate controlling shareholder of the Company, and …
MMG: Continuing Connected Transaction Shipping Framework Agreement Read More »
