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The Baltic Exchange’s main sea freight index slumped to its lowest level in over two-months on Tuesday as rates across all vessel segments declined. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell for a ninth straight session, dropping 17 points, or 1.3%, to 1,348 …
Baltic index hits over two-month trough on lower rates across vessels Read More »
Ship managers are urging the European Commission to follow the ‘polluter pays’ approach when finalising legislation intended to reduce greenhouse gas emissions from shipping in European waters. They have highlighted concerns that proposed legislation could miss its mark if it holds ship management firms accountable for emissions reductions rather than target the parties who control …
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia. A study undertaken by the West Australia-East Asia Iron Ore Green Corridor Consortium has found that ships fuelled by clean ammonia could be deployed on the iron ore trade routes between …
The Ukrainian port of Pivdennyi has halted operations because Russia is not allowing ships to enter it, in effect cutting it out of a deal allowing safe Black Sea grain exports, a Ukrainian official said on Tuesday. The Black Sea Grain Initiative signed by Russia and Ukraine last July, and extended last week for two …
Ukraine says Russia prevents Black Sea grain deal port operating Read More »
Marlink, the smart network and digital solutions company, will install the Starlink LEO service for Athens-based ship manager Polembros Shipping. A Marlink partner for many years, Polembros will extend its digital toolset to include the new LEO service on a trial basis to support crew welfare and remote technology. Polembros is already a user of …
Marlink enhances hybrid digital network solution for Polembros Shipping with Starlink Read More »
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A solo un mes de la 27ª edición de la Superyacht Cup Palma, la regata de superyates más longeva de Europa cuenta con nuevas incorporaciones en la lista de inscritos. El Wally de 24 metros Rose regresa por segundo año consecutivo a la prueba mallorquina. A él se unirá Lady M, un diseño Dubois de 39 metros construido …
India Ministry of Ports, Shipping & Waterways (MoPSW) has vowed to provide 30% financial support for the promotion of green shipping. Image credit MoPSW This initiative reflects the government’s dedication to fostering sustainable practices within the shipping industry, which is known for its significant environmental impact. By providing financial incentives, the ministry aims to encourage …
Indian govt to bankroll green shipping as ports embrace hydrogen and green tugs Read More »
Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has published a brochure highlighting progress made across its member countries in the tidal current energy sector. The AR1500 tidal turbine (Courtesy of SIMEC Atlantis) The global tidal and wave energy market was valued at $477.81 million in 2022 and is …
IEA-OES highlights tidal energy development in latest brochure Read More »
