The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday, marking its second consecutive weekly decline, pressured by a drop in capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 32 points, or 2.1%, at 1,521, hitting …
Baltic dry index posts weekly loss as capesize rates fall Read More »
This week’s Market Monitor highlights a notable shift in thermal coal trade flows, particularly in the evolving import strategies of China and India. According to the latest dry bulk flow data, Indonesia continues to account for 48% of global thermal coal exports, with Taboneo and Muara Berau remaining the most active origin terminals. However, Chinese …
Dry Bulk Weekly Monitor: Spotlight on Indonesian Thermal Coal Shipments Read More »
For many years, World Container Index has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes provided below, contact our ocean freight cost benchmarking team. Drewry’s World Container Index decreased 9% to $2,983 per 40ft container this week. Our …
The oceans have long been central to global trade, but a recent directive from Washington is poised to transform them into a new frontier for mineral extraction, opening a potentially lucrative angle for the shipping industry. On April 24, 2025, President Donald Trump issued an Executive Order, titled, “Unleashing America’s Offshore Critical Minerals and Resources”, …
Critical minerals drive a boon for ship operators Read More »
Edinburgh’s Zelim has won this year’s British Safety Council (BSC) Health and Safety Transformation Award for its AI-driven automatic man overboard (MOB) detection system, ZOE. ZOE was chosen from a shortlist of ten organisations worldwide, including energy companies Saudi Aramco and Pertamina and leading safety body the Universities Safety and Health Association (USHA), highlighting its …
Zelim’s Zoe Bags British Safety Council Award For Transforming Maritime Rescue Read More »
Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and insurance industry sources said on Thursday. The conflict had raised concerns that Iran could close Hormuz, the strait between Iran and Oman through which around …
Gulf shipping costs drop as Israel-Iran ceasefire holds Read More »
The liquefied natural gas (LNG) carrier LNG Barka, operated and managed by an NYK Group company, along with the bulk carrier Lily Fortune, operated by NYK, was honored with the “Best Quality Ship 2024” award sponsored by the Japan Federation of Pilots’ Associations.* The award ceremony took place on June 26. Notably, among the approximately …
NYK Group Vessels Receive 2024 Best Quality Ship Award Read More »
With the Hong Kong Convention on ship recycling taking effect, a new webinar series aims to guide shipowners through the growing regulatory and reputational risks. Lloyd’s Register (LR) has launched a new webinar series to help shipowners and recycling facilities navigate the complex compliance requirements of the Hong Kong International Convention for the Safe and …
LR: Hong Kong Convention brings new recycling challenges for shipowners Read More »
El Congreso AAPA LATAM 2025 concluyó esta semana en Lima con resultados sobresalientes, consolidándose como el foro portuario más influyente del hemisferio occidental. Con un récord de asistencia de cerca de 800 líderes estratégicos del sector -incluyendo altos ejecutivos, ministros, autoridades portuarias y grandes inversionistas- provenientes de más de veinte naciones, el evento se erigió …
En el marco de la Expo de Logística y Supply Chain Ecuador 2025, se llevó a cabo la primera edición de los Premios a la Excelencia Logística de Ecuador, un evento que celebra las mejores prácticas y la innovación en el sector logístico. Contecon Guayaquil se destacó al recibir reconocimientos en dos categorías clave, reafirmando …
