Weekly Dry Market Monitor: Spotlight on Capesize Freight and Growth of Tonne Miles to India

Key Takeaway The first half of the year is on track for the strongest Baltic Dry Index (BDI) performance since 2023. C3 and C5 rates remain supported by resilient Chinese iron ore imports despite weak domestic steel production. Market attention is increasingly shifting toward India’s evolving iron ore demand dynamics. The first half of the …

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From data overload to decisive action: how real-time monitoring is helping shipping operators and crews avoid disruption and downtime

Shipping operators today face no shortage of data. But as their vessel crews manage tighter operating margins, more complex engines and growing pressure to avoid disruption, the challenge is translating that data into actionable insights that keep vessels running for longer without the risk of breakdown. This is where continuous oil condition monitoring can add …

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Climeon Delivers First HeatPower System to Jiangsu New Yangzi Shipbuilding

Climeon has delivered a HeatPower 300 system to Jiangsu New Yangzi Shipbuilding in China for installation onboard the first vessel in a series of dual-fuel methanol container vessels ordered as part of a newbuild program announced in September 2025. The delivery marks Climeon’s first delivery to Jiangsu New Yangzi Shipbuilding, one of China’s largest shipbuilders. …

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Baltic Dry Index at Near 1-Week Low

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, eased a third consecutive session on Tuesday, falling about 0.5% to a near one-week low of 3,205 points, pressured by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by …

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Republic of the Marshall Islands Registry Recognizes Milestones and Achievements at Posidonia

Mr. Anthony E. Comninos honored with the Captain Xenakoudis Excellence in Shipping Award The Republic of the Marshall Islands (RMI) Registry recognized several milestones and achievements during Posidonia, highlighting the collaboration and teamwork to make them possible. In mid-May 2026, the United States Coast Guard (USCG) released the 2025 Port State Control (PSC) Annual Report, …

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