Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX…
The U.S. Justice Department declined to investigate or prosecute then-Transportation Secretary Elaine Chao after the inspector general’s office referred allegations of potential misuse of office for review, a report made public on Wednesday said…
The Baltic Exchange's main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
The Baltic Exchange's main sea freight index dipped to its lowest since mid-February on Monday as rates for the larger capesize segment fell for the eighth straight session.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
The Baltic Exchange's main sea freight index dipped on Wednesday, pressured by lower rates for the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Semiramis Paliou has been named chief executive officer of Greek dry bulk shipowner Diana Shipping, replacing her father Simeon Palios who will remain as chairman.Paliou has served as a director of the company since March 2015, deputy CEO since…
Cargill and Maersk Tankers are aiming to unlock more competitive and transparent bunker pricing and improved customer service through a new strategic partnership combining their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses…
The Baltic Exchange's main sea freight index rose to its highest in over three weeks on Wednesday as demand for capesizes rebounded and rates for the panamax vessel segment scaled ten-year highs.The Baltic dry index, which tracks rates for capesize…
The Baltic Exchange's main sea freight index surged to its highest since late January on Tuesday as forward-looking market sentiment lifted capesize rates, and smaller vessel segments continued to firm.The Baltic dry index, which tracks rates for capesize…
Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.Sustained demand for U.S. soybeans is accelerating an historic drawdown of U…
As Australian producers scramble to find markets for goods hit by Chinese import restrictions, it might look as though China is winning the diplomatic war.But the current situation is a diplomacy fail for China as much as for Australia.What products have been banned…
The Baltic Exchange's main sea freight index on Thursday gained after posting losses in the last three sessions, as strong gains in panamax and supramax vessel rates countered a slide in the capesize segment.The Baltic dry index, which tracks rates for capesize…
In the first quarter of 2021, Jiangsu Zhenjiang Shipyard (Group) Co., Ltd. ordered two eco-efficient Konecranes Gottwald Model 8 Cranes on Barge. The cranes will be operated by Cosco Shipping Bulk Co. Ltd. (Cosco Bulk) off the coast of Guinea…
The Baltic Exchange's main sea freight index fell for a second straight week, despite recovering slightly on Friday, as rates for the larger capesize vessel segment weakened.The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities…
Australia’s trade surplus rose to a six-month high in December as iron ore exports to China easily weathered diplomatic squalls between the two countries, while coal shipments found new buyers beyond the world’s second-largest economy.China’s…
