Baltic Index Extends Gains To Over One-Month High On Strong Vessel Rates

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for an eighth straight session to hit a more-than-one-month high on Monday, supported by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 21 …

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US attempts to curb China’s dominance in shipping, but actions could backfire

Every weekend seems to bring new investigations and actions from the US. On 21 February, two memoranda were released: one focused on America’s investment policy, and the other on foreign governments’ extraterritorial authority over American companies, such as digital services taxes (DSTs) from countries like France, Austria, Italy, Spain, Turkey, the United Kingdom, and Canada. …

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China’s swift workarounds stabilise sanctioned oil flows

In the weeks immediately following Shandong’s shipping ban and the new OFAC sanctions on tankers involved in Russian and Iranian trade, Shandong teapot refiners—the main buyers of discounted sanctioned oil—reduced refinery runs even during the Spring Festival travel rush prep season. Meanwhile, Shandong’s onshore crude inventories rapidly declined, as teapots largely stuck to sanctioned oil …

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BIMCO: Ukraine’s dry bulk shipments take 87% leap three years after Russia’s invasion

“Three years after Russia’s invasion of Ukraine, the volume of dry bulk shipments from the two countries combined is 6% below pre-war levels. However, the past 12 months have seen the countries’ dry bulk shipments develop in complete opposite directions. While Ukraine has seen an 87% y/y jump in shipments, Russia’s have taken a 6% …

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How BSM uses DNV’s Emissions Connect to master GHG compliance

Strict emissions regulations are reshaping the maritime industry. Accurate data is crucial for compliance, avoiding penalties, and maintaining reputation. Bernhard Schulte Shipmanagement was seeking for a verified data solution to support clients with regulatory compliance. The maritime industry is steering through an evolving emissions and regulatory landscape. The International Maritime Organization (IMO) has ambitious targets …

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El Puerto de Bilbao y sus empresas participan nuevamente en Empack y Logistics & Automation Bilbao

El 26 y 27 de febrero la Autoridad Portuaria de Bilbao y UniportBilbao acercarán, enEmpack y Logistics & Automation Bilbao, la propuesta logística del Puerto de Bilbao aprofesionales de los sectores del envase, embalaje, intralogística, logística y transporte. Contarán con un stand (2D11) en el BEC para atender a los visitantes y, a su vez,organizan …

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