The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a nearly two-year high on Friday and was on course for a weekly gain, aided by an increase in larger vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, …
Baltic index hits near two-year high on higher larger vessel rates Read More »
This week’s analysis examines iron ore freight market trends with a special focus on the emerging iron ore supply powerplay: Simandou’s Rise, Vale’s Moves, and BHP’s Growing Risk The Simandou project is advancing through key development milestones and is set to introduce a significant new stream of high-grade iron ore into the global market. Vale …
Dry Bulk Weekly Market Monitor: Iron Ore Supply Powerplay in Focus Read More »
The path to maritime decarbonisation, while technologically feasible, remains beset with regulatory fragmentation, acute contractual uncertainty, and a critical shortage of human capital investment, according to a panel at the Baltic Exchange Dry FFA Forum in October. The conclusion among the speakers was clear: while ships are increasingly prepared for a cleaner future, the fuel, …
The Global Centre for Maritime Decarbonisation (GCMD), AIM Horizon Investments and their partners today announced the successful closing of the Fund for Energy Efficiency Technologies (FEET), securing total commitments of up to USD 35M, exceeding its initial target. As the world’s first fund for vessel retrofits leveraging a pay-as-you-save repayment mechanism, FEET directly addresses the …
Recognition of Outstanding Work by an NGO for Indian Cadets and Seafarers has been awarded to Sailors’ Society by the Samudra Manthan Foundation. The award goes to an NGO that has shown unwavering dedication and meaningful contribution towards enhancing the welfare and wellbeing of Indian cadets and seafarers. The global maritime welfare charity received its award …
The US issued a new round of sanctions Nov. 20, targeting companies, shipping facilitators and tankers it claims are involved in Iranian oil and petroleum products trade. “Today’s action continues Treasury’s campaign to cut off funding for the Iranian regime’s development of nuclear weapons and support of terrorist proxies,” Scott Bessent, US Treasury Secretary, said …
US expands sanctions on tankers, companies involved in Iran oil trade Read More »
Spot discounts for high sulphur fuel oil (HSFO) narrowed at the end of the week, with trading momentum retaining a somewhat robust pace for the 380-cst grade. Several trades emerged at rangebound levels for dates in early to mid-December, though a higher-priced trade emerged for dates into later December, lifting the cash differential higher. Meanwhile, …
Frontline plc, Friday reported unaudited results for the three and nine months ended September 30, 2025: Highlights Profit of $40.3 million, or $0.18 per share for the third quarter of 2025. Adjusted profit of $42.5 million, or $0.19 per share for the third quarter of 2025. Declared a cash dividend of $0.19 per share for …
The Royal Van Beest Group is pleased to announce that it has acquired Enduro Softslings. Established ten years ago in The Netherlands, Enduro Softslings has secured a leading position in the lifting industry through its innovative manufacturing capabilities, high-performance custom-made soft slings, and outstanding customer support. As part of the Royal Van Beest Group — …
Royal Van Beest Group acquires Enduro Softslings Read More »
Nauticworx, the pioneering digital platform for offshore workboat chartering, announces major updates. Incorporating feedback from the market since its inception in September 2024, the platform has not only attracted large fleets and projects, but has now also become faster, and easier to use. In addition, charterers can now – costless – join and enjoy the …
Nauticworx opens its doors to charterers worldwide – at no cost Read More »
