News Flash

Baltic Index Dips Further As Demand Weakens For Larger Vessels

The Baltic Exchange’s main sea freight index extended its slide on Monday, hitting a fresh 18-month low, as demand for...
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Shipping Industry To Remove The Indian Ocean High Risk Area

After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk...
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Performance Shipping Inc. Announces Termination Of ATM Offering

Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels,...
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As Inflation Soars, Access To Indigenous Foods Declines

Blueberry bison tamales, harvest salad with mixed greens, creamy carrot and wild rice soup, roasted turkey with squash. This contemporary...
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Global Extreme Weather Patterns Impact Shipbuilding

The heatwave experienced in parts of the world has seen temperatures of between 40 – 42C recently – and according...
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Orbit’s GX30 Terminal Reveives Type Approval To Operate On Inmarsat Global Xpress Commercial And Military Ka-Band Networks

Multi-purpose, lightweight aviation terminal provides high forward and return data rates, worldwide interoperability with military SATCOM, enhancing resilience GX30 for...
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A Chemical Tanker And Cargo Ship Crashed Near Southwestern Japan

A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast guard said...
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Slowing Down To Save North Atlantic Right Whales

The North Atlantic right whale is one of the world’s most endangered large whale species; the latest preliminary estimate suggests...
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NAUTILUS Expresses Disappointment At Lack Of Criminal Prosecution For P&O FERRIES

Friday 19th August, the Insolvency Service announced it was not taking criminal action against P&O Ferries. A little over five...
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Marine Management Organisation Opens Consultation On Virgin Orbit Satellite Launch Project

Consultation on marine licence application runs from 22 July to 19 August 2022 The Marine Management Organisation (MMO) is consulting...
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Black Sea Dry Bulk Trade Resumes As Spot Grains, Fertilizer Cargoes Enter Market

The Black Sea dry bulk shipping markets have resumed spot trading as the Ports of Odessa and Yuzhny saw an...
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Pre-Sale Vessel Inspections Put S&P In The Clear

Over the last six months we have seen a substantial increase in sale and purchase transactions, particularly in the container...
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Goldman Sees A ‘Feasible But Difficult Path’ For The Fed To Defeat Inflation Without A Recession

The Federal Reserve’s path to bringing down runaway inflation while keeping the economy from slipping into a major downturn is...
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Asia Week Ahead: Key Central Bank Moves And Inflation Reports

(Central bank) decisions decisions decisions…Next week’s Asia calendar features key central bank decisions. We expect the Bank of Korea (BoK)...
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Wheat Rises On Technical Buying In Rebound From Six-Month Low

Chicago Board of Trade wheat futures bounced on technical buying on Friday after nearing a six-month low struck a day...
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Xeneta Real-Time Container Rates Update: Week 33

South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast rates....
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Average Container Prices And Leasing Rates Decline In China Amidst Peak Season Shipping

Average container prices have declined by more than half from the last year in August as China picks up containerised...
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Propulsion And Hull Design Can Significantly Reduce Shipping Emissions And Lower Underwater Noise

International Maritime Organization (IMO) has set ambitious goals to reduce shipping greenhouse gas (GHG) emissions by 50 % by year...
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CMA CGM Group And WHOI Launch Acoustic Monitoring Buoy Off The Coast Of Savannah, To Increase Whale Monitoring Efforts

Through this new step, the CMA CGM Group strengthens its initiatives to protect the environment and preserve biodiversity in the...
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Rhenus Warehousing Solutions Acquires Danish Third-Party Logistics Provider DKI

Rhenus Warehousing Solutions has signed an agreement to acquire the Danish company DKI Logistics A/S and its warehouse investment affiliate...
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