Baltic Index Extends Gains To Hit Over Two-Week High On Strong Vessel Rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to a more than two-week high on Thursday, buoyed by firmer rates across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 60 points, or 3%, to 2,063 points, its …

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WSC says financial measures are key in EU’s STIP implementation to make renewable fuels competitive

“The European Commission’s publication today of the Sustainable Transport Investment Plan (STIP) is a promising first step toward accelerating the energy transition in Europe for shipping,” says Jim Corbett, WSC’s Environmental Director, Europe. “The plan sets out a framework for financing to unlock investments and scale up production of renewable and low-carbon fuels. Now the …

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