Baltic index snaps four-day losing streak on higher rates across vessel segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, …

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Navigating the Maritime Energy Transition – One step forward or two steps back?

At the recent 8th Mare Forum Singapore, AET’s Global Director of Strategy & Sustainability and Enterprise Risk Management, Smriti Sharma, joined industry leaders for an open and candid discussion on the maritime energy transition. Discussions centered on: • Energy production outlook: Current trends and forecasts • Alternative fuels: Myths vs reality on scale, supply, and …

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US slaps Iran-related sanctions on oil tankers, China ‘teapot’ refinery

The US yesterday issued new sanctions intended to hit Iran’s oil exports, including what the State Department said were the first US measures targeting a Chinese “teapot refinery” processing the crude, Reuters reports. It was Washington’s fourth round of sanctions on Iran’s oil sales since President Donald Trump said in February he was re-imposing a …

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Ascenz Marorka, GTT’s smart shipping arm, expands its real-time fleet performance monitoring service to cover the Americas

Ascenz Marorka is expanding its Real-Time Fleet Performance Monitoring Service to the Americas time zones. Following successful deployments in France and Singapore, this extension to Vancouver strengthens Ascenz Marorka’s global reach and reinforces its commitment to delivering best-in class fleet optimisation services. With operations now spanning three key locations, Ascenz Marorka ensures round-the-clock support, helping …

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Wallenius Wilhelmsen releases 2024 annual report, highlighting another record-breaking year

Delivering all-time high, full-year results for 2024, Wallenius Wilhelmsen’s financial performance surpasses its record 2023. In addition, the company continued to deliver for its shareholders, customers, stakeholders and employees. “2024 has been a strong year for Wallenius Wilhelmsen. Our safety statistics are strengthened, our customers are happier with our services and our global team is …

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Dredging sector crucial for the strategic position of the Netherlands and Belgium: Report Warns Of Increasing Chinese Competition

The Dutch and Belgian dredging industry is of strategic importance to the economy, water safety, and energy transition in both countries. This is evident from the new report “Future Scenarios and Strategies for the Dredging Sector in the Netherlands and Belgium”, an initiative by trade association NMT-IRO and Erasmus University Rotterdam. While the sector is …

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