Baltic Dry Index Eases for 6th Day

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, fell for the sixth consecutive session on Friday, down 1.8% to the lowest since May 21 at 2,981 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, declined by 2.9% to 4,893 points; and …

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The Bahamas Transport Minister Leads Delegation to Posidonia 2026

The Hon. Leon Lundy, The Bahamas Minister of Transport, led a high-level delegation to Posidonia 2026 in Greece, just weeks after taking office, underscoring the Government’s commitment to supporting The Bahamas Ship Registry and strengthening relationships with one of its most important maritime markets. As one of the world’s leading ship registries, The Bahamas maintains …

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GEODIS Establishes First Multi-Service Port Hub in Le Havre, France

GEODIS, a leading global logistics provider, today announced the establishment of its first port hub in France, located in Le Havre, at the heart of the country’s leading container port. This integrated logistics location provides GEODIS customers with a comprehensive end-to-end solution to streamline their import-export operations and enhance their competitiveness in international markets. Strategically …

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India’s bunker fuel demand rises in May amid improved supply, competitive prices

India’s bunker fuel demand strengthened in May, supported by improved product availability and competitive pricing that stimulated buying interest, market participants told Platts, part of S&P Global Energy, on June 3. Traders and suppliers said demand increased after May 15 at West Coast ports such as Kochi, Kandla, and Mumbai. Demand firmed in Kochi and …

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CMA CGM and Endangered Species International Mark Conservation Milestone in Sarangani Bay

The CMA CGM Group, a global player in sea, land, air and logistics solutions, and Endangered Species International (ESI), a non-profit organization, marked the first milestone of their renewed ocean conservation partnership with the unveiling of the first of three educational signboards along the mangrove conservation boardwalk in Sarangani Bay, Mindanao, southern Philippines. The milestone follows the …

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ABS Grants Approval for Nuclear Reactor Integration in Vessel Design Developed Through MIT Maritime Consortium

ABS issued approval in principle (AIP) for the integration of a nuclear reactor into a cargo vessel propulsion system developed by the Massachusetts Institute of Technology (MIT), HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Capital Maritime Group. This design uses a special synthetic fluid to carry heat from the reactor core. Today’s designs …

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World Container Index Up 23% Last Week

Spot rates maintain their upwards streak as peak season sets in. Our detailed assessment for Thursday, 04 Jun 2026 The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, surged 23% to $3,433 per 40ft container due to rate increases on the Transpacific and Asia–Europe trade routes. Drewry has received confirmation from …

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