News Flash
S&P Global Market Intelligence Projects Supply Chain Resilience to Remain Vital in 2024, but Willingness and Ability to Pay for it May be Lacking
Resilience in supply chains remains vital but may prove too expensive for many firms, according to a new S&P Global...
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Baltic index scales three-week high on smaller vessels demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up to a three-week...
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Dry Bulk Market: Positive Momentum in All Classes
Capesize The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase...
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Dry bulk market braces for tightening Panama transit restrictions
The tightening transit restrictions through the Panama Canal are predominantly impacting the southbound trade in the region, nudging a shift...
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Japanese lifters of US LNG weigh alternatives to Panama Canal amid tightening transits
Japanese lifters of US LNG are considering alternative options for shipping their winter cargoes in light of tightening restrictions through...
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ICS-2 Implementation Postponement Offers Shippers Extended Period for Strategic Compliance Readiness with Trade Tech
In light of the newly announced schedule for the European Union’s Ocean Import Control System 2 (ICS-2), Trade Tech, a...
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Ukraine freight costs moderate after vessel attack.
Snapshot of the global export markets for grains, oilseeds and edible oils reported by government and private sources, as of...
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Shipping giant CMA CGM reports drop in quarterly profit, better volumes.
CMA CGM said on Friday its profit fell in the third quarter as a COVID-era boom in shipping continued to...
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ABS Consulting Hosts Inaugural Life Sciences Maximo Summit Addressing Asset Management Strategies
ABSG Consulting Inc. (ABS Consulting), a leading global risk management company, hosted key industry players during the company’s inaugural Life...
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Drewry: World Container Index Up 7%
The composite index increased by 7% to $1,504 this week and has dropped by 46% when compared with the same...
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Baltic index logs weekly gain as rates across vessels rise.
The Baltic Exchange’s dry bulk sea freight index rose on Friday, marking a weekly rise, steered by higher rates across...
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China’s weekly coastal bulk freight index rises.
China’s coastal bulk freight index increased during the week ending on Nov. 10, according to the Shanghai Shipping Exchange (SSE)....
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Charging Lithium-Ion Batteries Caused Fire Destroying Tanker’s Bridge
While there has been a lot of attention to the dangers of transporting battery-powered vehicles and lithium-ion batteries and devices...
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Panama Canal Auction Sets Record $4M for Slot as Congestion Grows
Major shipping lines are scrambling and looking for ways to deal with the growing backlogs at the Panama Canal. The...
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U.S. “Friend-Shoring” Framework Isn’t Shifting Trade Away From China
US efforts to encourage Indo-Pacific nations to diversify their trade away from China confront a well-established trend towards deeper regional...
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Japan Provides Aid to Philippines for Five New Coast Guard Patrol Boats
The Philippines announced today with the support of the Japanese government they will be undertaking several projects including adding more...
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Shell Sues Greenpeace for $2.1M and Seeks Injunction After At-Sea Boarding
Shell filed suit against Greenpeace in the UK’s High Court seeking $2.1 million in damages related to a demonstration by...
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Hapag Reports Below Forecast Results Warning of Prolonged Challenges
Hapag-Lloyd became the latest of the large carriers to report a significantly lower financial performance in the quarter posting what...
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Seaspan Cargo Ships Install Autodocking System from Wärtsilä
Wärtsilä working with Canada’s Seaspan has completed the first of two planned installations of an autodocking system being deployed for...
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Mental Health in Casualties to Feature at Seatrade Maritime Salvage & Wreck
Seatrade Maritime Salvage & Wreck, the leading conference for the salvage industry, will bring together industry stakeholders for an insightful discussion...
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