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Baltic Dry Index Breaks 5-Day Advance

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a five-day winning streak on Thursday, falling about 0.2% to 3,057 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also halted its five-day advance, decreasing by 0.8% to 5,052 points; and the …

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Workforce Diversification Can Help Greek Shipowners Build More Resilient Crewing Strategies

As with other countries, the Greek shipping industry, faces growing pressure from crew shortages, geopolitical uncertainty and increasing competition for skilled seafarers, workforce diversification is becoming an increasingly important part of long-term crewing strategies. According to Henrik Jensen, Founder and CEO of Danica Crewing Specialists, the importance of securing future crew supply is now being …

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