Baltic Dry Index Rises To Four-Week High On Broad-Based Vessel Gains

The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, rose to a four-week high on Monday, supported by gains across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, gained 120 points, or 7.2%, to 1,783 points, its highest level since …

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Shipping’s new net zero framework: Where to next?

Real momentum is building behind the global shipping industry’s transition towards a zero-emission future. Over the last couple of years, the industry has been undertaking preparatory work to meet the International Maritime Organization’s (IMO) 2023 Revised GHG Strategy. The IMO reached another milestone this April, agreeing to a Net Zero Framework that outlines the regulations …

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Health and air pollution benefits of a global 0.1% fuel sulfur limit on marine fuels

The International Maritime Organization (IMO) has progressively tightened global limits on the sulfur content of marine fuels to protect human health and the environment, including by implementing stricter sulfur limits in designated emission control areas (ECAs). Currently, ships must adhere to a global 0.5% fuel sulfur limit and a 0.1% limit in ECAs, unless they …

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Dual fuel, double trouble?

The drive for sustainability in shipping, particularly as a result of FuelEU, which took effect on January 1, 2025, is leading to significant growth in the use of dual-fuelled vessels. The most common of these can consume both traditional fuels (like VLSFO1) and LNG2. We are now seeing an increase in claims relating to the …

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