Firm Capesize Rates Push Baltic Index For Third Consecutive Weekly Gain

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday, and registered its third straight weekly gain on robust capesize demand. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, gained for the second consecutive session, adding 114 points to …

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US to levy fees on China-linked ships, push allies to do likewise, draft executive order says

The United States is planning to charge fees for docking at U.S. ports on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels and will push allies to act similarly or face retaliation, a draft executive order stated. The administration of U.S. President Donald Trump is drafting the executive order …

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Drewry: World Container Index Fell Again Last Week

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, or would like to learn more, please contact our team of ocean freight cost benchmarking and procurement specialists. Drewry’s World Container …

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CMA CGM Group Announces $20 Billion Investment in America’s Maritime Transportation, Logistics and Supply Chain Capabilities Over the Next Four Years

CMA CGM Group, a global leader in sea, land, air, and logistics solutions, and owner of the U.S. flag carrier American President Lines (APL), today announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years. This announcement builds on CMA …

CMA CGM Group Announces $20 Billion Investment in America’s Maritime Transportation, Logistics and Supply Chain Capabilities Over the Next Four Years Read More »

WinGD X-DF cuts methane slip in final VCR technology shop tests

Swiss marine power company WinGD has completed shop tests of its groundbreaking variable compression ratio (VCR) technology. The results confirm that methane reductions from new X-DF engines with VCR technology deliver similar ship greenhouse gas (GHG) emissions to high-pressure dual-fuel technologies, while delivering a total system cost and fuel cost advantage for several vessel applications. …

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