The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
Test results from the individuals suspected to be the first cases of COVID-19 in any South African seaport have all come back negative, Transnet National Ports Authority has confirmed.Earlier this week two vessels, the general cargo vessel MV Corona and the cruise ship AIDAmira…
China's iron ore futures erased earlier losses to end flat on Thursday, regaining support as miner Vale SA said it may temporarily halt activities at its Malaysian distribution center as a safety measure against the coronavirus pandemic.Iron…
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this massive uncertainty tangible…
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told reporters on Wednesday.Indonesia…
Ukraine is not planning to ban grain exports, a senior government source told Reuters on Monday.President Volodymyr Zelenskiy had earlier called on his government to restrict food exports according to a list drawn up by the government of Ukraine…
The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorized by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation. This means that the Baltic Exchange’s daily dry bulk…
The Baltic Exchange's main sea freight index fell to a one-week low on Monday, hurt by weaker rates for panamax vessels, which outweighed an uptick in demand for the capesize and supramax segments.The Baltic index, which tracks rates for capesize…
Danish dry bulk specialist Clipper Bulk announced that it would acquire the Bulkhandling shipping pool of Supramax and Ultramax vessels, from Norwegian shipowner Klaveness.The Bulkhandling pool dates back to 1963 and was the first pool operated in shipping…
Monaco-based international owner and operator of dry bulk vessels GoodBulk has announced that Andrew Garcia has resigned from his position of president and director.The provider of marine transportation services said in a press release that…
Octopi, part of Navis and Cargotec Corporation, has announced a new Octopi subscription agreement with the Port of Belize Ltd. The Port of Belize chose to partner with Octopi as part of a larger effort to modernize its operations, bring the…
Even before the effects of the coronavirus, the ‘Phase One’ agreement between China and the US failed to boost volumes of the implicated goods in January. In fact, exports of the manufactured, agricultural and energy goods included in the deal were down 26% from January 2017…
The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus…
The Greek provider of marine dry bulk shipping services Seanergy Maritime Holdings Corporation announced that it received approval, in form of commitment letters, from one of its existing lenders to extend the maturity of two loan facilities…
Bureau Veritas Marine & Offshore (BV) reports it has completed its first ever survey by drone, carried out in the holds of a bulk carrier in an Italian port.The scope was an intermediate survey on a bulk carrier and consisted of close-up inspections…