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Baltic index snaps 11-session rally as capesizes fall

The Baltic Exchange’s main dry bulk sea freight index fell on Wednesday, halting a 11-session rally that saw it scale its highest level in...
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Robust dry bulk vessel demand propels Baltic index to over 11-year peak

Solid demand across dry bulk vessels segments propelled the Baltic Exchange’s main sea freight index to its highest level in more than a decade...
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HMM Seafarers Threaten Pay Strike, Mass Resignation – report

More than 90% of HMM’s seafaring union members voted to strike on Sunday and, if a resolution is not reached, the 453 union members...
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Baltic index up to highest levels since 2010

The Baltic Exchange’s main sea freight index on Monday rose to a more than 11-year peak on rising demand for all vessel sizes, with...
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Strong momentum in capesize segment lifts Baltic index higher

The Baltic Exchange’s main sea freight index extended its winning streak to eight sessions on Thursday, supported by a surge in rates across vessel...
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Baltic index extends rally as capesize rates scale over 3-month peak

The Baltic Exchange’s main sea freight index jumped to its highest in more than a decade, powered by strong demand across vessels ferrying dry...
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Maersk Signs First Green Methanol Supply Deal in Step Towards Net Zero Emissions

A.P. Moller-Maersk said it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral...
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Baltic index rally gains steam on rising demand across vessels

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a sixth straight session on Tuesday,...
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Baltic index momentum continues, hits highest in over a decade

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, jumped to its highest in over a decade...
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BIMCO: Are we looking at the next dry bulk super cycle? Is it even a cycle?

Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have...
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Abu Dhabi Exports Office signs USD235 million syndicated loan agreement to boost UAE trade with Trafigura

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a...

Danaos Corporation announces upsizing of its share repurchase program by an additional $100 million

Danaos Corporation announced that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company...

Belships goes to Blue Ocean Funds and F. Laeisz

The Norwegian shipping company Belships has new owners: the majority of the shares are now held by the investment platform Blue Ocean Funds. The German...

OceanPal reports Financial Results for the fourth quarter and year ended December 31, 2024

OceanPal Inc., a global shipping company specializing in the ownership of vessels, reported vessel revenues of $5.8 million, a net loss of $8.2...

NYK completes stock acquisition

Nippon Yusen Kabushiki Kaisha announced as follows the status of acquisition of its own common stock approved at the meetings of its Board of...

ICC: Pronounced spike in low-level crimes in Singapore Straits

The ICC International Maritime Bureau has revealed a rise in global piracy and armed...

Trump’s China Ship Fees Set to Hit Global Shipping Giants

Container ships, the workhorses of global trade transporting almost 90% of the world’s...

Baltic index snaps 3-day winning streak on lower capesize rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday, snapping a three-day...

Baltic index gains on higher capesize, panamax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting...

Three NYK Group Shipping and Ship-Management companies to merge

Three shipping and ship-management companies within the NYK Group — namely, Asahi Shipping Co.,...

March volume shows sustained growth at port of Los Angeles

The Port of Los Angeles processed 778,406 Twenty-Foot Equivalent Units (TEUs) in March, 4.7% more than last year. The Port ended the first quarter...

Port of Long Beach busiest in U.S. through first quarter

Coming off its best first quarter on record, the Port of Long Beach is the nation’s busiest port through the first three months of...

CMA CGM, October Dry Port pen strategic partnership to boost Egypt’s logistics sector

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir witnessed the signing of a strategic partnership between the French...

Port of Rotterdam takes important step in making shipping more sustainable: pilot prepares port for safe bunkering of ammonia

Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot between two vessels at a terminal in the port of Rotterdam on...

Piraeus deputy CEO highlights port’s “great potential”

“The exceptional financial results of 2024 with record performance for another year and top global rankings show the great potential of the port,” said...

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