Baltic Index Hits Over One-Week Low On Weaker Demand Across Vessel Segments

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to an over one-week low on Tuesday, as rates declined for all vessel segments. The main index BDI, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 38 points to 1,986 points, hitting …

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Hybridising operations on the high seas with innovative battery technology

Earlier this year, it was revealed that more than 1,000 maritime vessels are now operating with batteries on board, providing either all-electric or hybrid propulsion. This is a significant milestone in the maritime industry’s journey towards decarbonising the sector and, while it is still far from the finish line of fully net-zero operations, the move …

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Econavis Solutions And Franman Partner Up To Bring Eco Boss Cap Technology To Greek Shipping Market

EcoNavis Solutions has signed an agency agreement with Greece-based company Franman to distribute its Eco Boss Cap technology in Greece, Cyprus and to Greek-interests worldwide. The agreement opens one of the world’s largest commercial shipping fleets to the energy saving device. The deal was inked after discussions at the Hellenic Institute of Marine Technology, where …

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