Baltic Dry Index Halts 6-Day Decline

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a six-day losing run on Tuesday, rising about 0.4% to 2,501 points, supported by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, went up 0.3% to 3,548 points, after …

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Four routes and a reprieve: How El Niño 2026 could reshape global shipping operations

Five major shipping corridors face distinct operational impacts through the 2026 El Niño season, according to analysis published today by Sofar Ocean, the global leader in marine weather intelligence. The National Oceanic and Atmospheric Administration (NOAA) declared El Niño conditions in June 2026, and its Climate Prediction Center forecasts the event could build to moderate …

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BIMCO: Basel OEWG outcome brings ship recycling clarity closer, but more work is needed

We welcome the continued engagement by governments and stakeholders at the latest meeting of the Basel Convention Open-ended Working Group (OEWG), where discussions focused on the complex legal and environmental framework for ship recycling. The meeting was an important step towards clarifying how international regimes should work together. Crucially, parties did not support applying both …

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NAPA and Samsung Heavy Industries partner to advance fuel-efficient ship design and operations

NAPA, the global provider of maritime software and data services, has signed a Memorandum of Understanding with Samsung Heavy Industries (SHI), one of the world’s leading shipbuilders and a pioneer in advanced, eco-efficient vessel, smart ship and autonomous technologies. The two companies plan to jointly conduct performance analysis based on actual operational data for vessels …

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