The Baltic Exchange’s main sea freight index edged up on Friday, helped by rising rates for capesize vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 11 points, or about 0.6%, to 1,710. The Baltic capesize index rose 54 points, …
The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 fell by 1 point (from 65 to 64 the year before), pointing to a possible stabilisation of the decline of global shipping portfolios. Top 40 Banks’ lending to shipping fell from $300.7 in 2018 to $294.4bn in 2019, the lowest level since …
Key Developments and Growth in Global Ship Finance Read More »
The European and international maritime social partners together with 9 international maritime associations, are writing to the leaders of European countries, calling for urgent action to be taken to resolve the serious humanitarian crisis caused by the lack of crew changes worldwide and in Europe. “We fully appreciate the efforts of the UK government for …
Charter rates for multipurpose (MPV) ships, including both breakbulk and heavylift vessels, are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained. And given a projected slump in project cargo demand, newbuild investment is at particular …
Covid-19 to stifle investment in multipurpose and heavylift shipping Read More »
The composite index decreased 1% this week but 45.8% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,668 per 40ft container, which is $269 higher than the five-year average of $1,400 per 40ft container. Drewry’s composite World Container index inched down 1% …
Drewry: World Container Index Up 45.8% on Year, but Down 1% on Week Read More »
The stock exchange release published at 8:30 was missing the pdf-report due to a technical error, the pdf has now been added to this release. This release is a summary of Wärtsilä’s Half Year Report January–June 2020. The complete report is attached to this release as a pdf file. It is also available on the …
Wärtsilä Reports 48% Decrease in Operating Results Read More »
• Demand and our delivery capability improved during the course of the quarter • Service and software business resilient • Rapid reaction to the COVID-19 crisis visible in comparable operating profit • Strong financial position, total liquidity at EUR 970 million • We introduced our climate ambition to be a 1.5 degree company April–June 2020 …
Cargotec: Solid performance in an exceptional environment Read More »
Leading Classification Society ClassNK has released its “Guidelines for Designing Cyber Security Onboard Ships” (Second Edition) for newbuilding designs targeting shipyards and ship-building owners In the second edition of the “Guidelines for Designing Cyber Security Onboard Ships”, the control measures and the framework to implement such measures were updated to incorporate the international cyber security …
ClassNK releases Guidelines for Designing Cyber Security Onboard Ships (Second Edition) Read More »
Last year Samir Madani, co-founder of TankerTrackers.com, noticed a mysterious ship off the coast of Lavan Island near Iran, appearing to take on cargo from another ship. It had turned off its transponder, making it harder to track. However, Madani, who runs an independent online service that tracks and reports shipments and storage of crude …
How a tanker and its crew that ‘disappeared’ for 10 days ended up in Iran Read More »
CMA CGM announces the reorganization of its AS1 service now connecting North & Central China with the Indian Subcontinent, effective in August 2020. AS1 new features are the following: Comprehensive weekly service linking North/Central China to Nhava Sheva, Mundra, QICT and SAPT Revised port rotation: Qingdao – Shanghai – Ningbo – Singapore – Nhava Sheva …
CMA CGM to reorganize its AS1 service connecting Asia with the Indian Subcontinent Read More »
