Baltic index rises for fifth straight session on stronger panamax, supramax rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the fifth straight session on Thursday, boosted by gains in panamax and supramax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 22 points to 793 points, an …

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Navigating regulations for a more sustainable maritime future

As the maritime industry seeks to align with global sustainability targets, EU regulations such as FuelEU Maritime and the EU Emissions Trading System (ETS) are catalysing significant changes in operational and technological strategies. These regulatory frameworks are drivers that encourage the industry to innovate and operate more sustainably. EU regulations setting the course for decarbonisation …

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Inmarsat Maritime Signs Expanded Agreement With Maersk to Enhance Global Fleet Connectivity

A.P. Moller – Maersk (Maersk), one of the world’s largest containership operators, and Inmarsat Maritime, a Viasat company, have signed an agreement to upgrade Inmarsat satellite communications services across Maersk’s global fleet of approximately 340 container ships. The agreement will see bandwidth enhancements rolled out across Maersk’s entire fleet of owned container ships between 2025 …

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Russian ESPO Blend oil freight rates fall as tanker availability improves, traders say

Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50% in early February from mid-January levels as a shortage of tankers following U.S. sanctions on the fleet shipping Russian oil eased, four traders said. The cost of transporting ESPO Blend from the port in the far east …

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