The Baltic Exchange’s main sea freight index, which monitors rates for ships carrying dry bulk commodities, rose on Friday and snapped a four-session losing streak, buoyed by gains across all vessel segments. * The main index BBDI, which tracks rates for capesize, panamax and supramax shipping vessels, gained 51 points, or 2.7%, to 1,944 points, …
Baltic index rebounds on gains across all vessel sizes Read More »
With global maritime trade set to grow by around 50% by mid-century, we have analysed the outlook for global marine fuels in the context of International Maritime Organization (IMO) commitments to reduce greenhouse gas (GHG) emissions from international shipping to net zero by around 2050. A major milestone was reached in April as the IMO …
All hands on deck: the challenge of decarbonising international shipping by 2050 Read More »
For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes provided below, contact our ocean freight cost benchmarking team. Drewry’s World Container Index decreased 4% to $2,250 per 40ft container this week. Our …
The Trump administration on Thursday issued more Iran-related sanctions, targeting 13 entities based in Hong Kong, China, the United Arab Emirates and the Marshall Islands, as well as eight vessels, the U.S. Treasury Department said. The measures cover Greek national Antonios Margaritis and his network of companies and vessels that Treasury said was involved in …
US issues sanctions on networks, vessels for dealing in Iran oil Read More »
US state governments can use regulations, incentives and technical support to facilitate decarbonization of their industrial sectors to help them compete in a world economy increasingly focused on mitigating climate change, experts say. “The industrial sector is the backbone of the US economy from manufacturing to food processing to chemicals,” said Elina Vanuska, industrial decarbonization …
States can help US industry compete globally via decarbonized processes: experts Read More »
Contecon Manzanillo, International Container Terminal Services, Inc.’s (ICTSI) operation in the Port of Manzanillo, Mexico, is enhancing its logistics offering with the introduction of WAN HAI Lines’ Asia-South America West Coast 2 (WSA2) service. The service made its inaugural call at Contecon on August 11 with the arrival of the vessel WAN HAI A16. Also …
Contecon Manzanillo expands global connectivity with WAN HAI service Read More »
Grindrod Limited (Grindrod) today announced its results for the six months ended 30 June 2025, reporting a resilient performance underpinned by its strategic focus on core operations. Despite global commodity headwinds, with sluggish prices in iron ore, lithium, graphite, and coal, Grindrod delivered solid earnings from its core operations. The Group attributes this resilience to …
The Andhra Pradesh Maritime Board (APMB) and APM Terminals, a subsidiary of the Netherlands-based A.P. Moller Maersk, have entered into an agreement for the development of ports and creation of port infrastructure in the State. Senior executives of the APMB and APM Terminals signed the pact in the presence of Chief Minister N. Chandrababu Naidu …
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that the MOL Group participated in the TICAD Business Expo & Conference, an event held alongside The Ninth Tokyo International Conference on African Development (TICAD 9, Note 1) at Pacifico Yokohama from Wednesday, August 20 to Friday, August 22. This was the group’s …
MOL showcases African Business and Projects at TICAD 9 Business Expo & Conference Read More »
El buque oceanográfico Sarmiento de Gamboa del CSIC, atraca en el Puerto de Almería, en el marco del Proyecto LIFE DREAM (Deep-sea Research, Ecology And Management). Esta iniciativa combina ciencia, tecnología y el saber local de pescadores y marineros para proteger un enclave único en Europa: el área marina protegida del Seco de los Olivos, …
