Commercial ships are being advised of the high risk operating in the Black Sea following Russia’s invasion of the Ukraine, with various reports of missile attacks on commercial ship, plus warning of the waters containing mines.According to a press release from the NATO Shipping Center (NSC), there is a high risk of collateral damage on civilian shipping in the northwestern part of the Black Sea, citing…
BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese shipping companies now own 34% of the global fleet’s cargo capacity, with Greek owners leading on cargo capacity.“The global fleet of cargo carrying ships consists of around 61…
A ship has grounded in the Suez Canal, shipping agent Leth Agencies said early on Thursday.Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said.There was no immediate comment from Canal authorities.'M/V…
AD Ports Group's feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors…
Clearlake Shipping, a wholly-owned subsidiary of Gunvor Group, has fixed a new building 37,000 deadweight ton (dwt) asphalt carrier, the White Pearl, to be delivered before year end.White Pearl will complement Gunvor’s growing asphalt trading business…
Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the highest ever first quarter on record and a 120% increase from Q1 2020.Of the total 21.3m tonnes exported so far this year…
USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. USTC, which has a long history within commodity trade, shipping, and logistics…
The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By October 15, 11.4 million tons of soya beans had been exported by the US…
Confidence in the shipping industry rose in the last quarter to its highest level for 18 months, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO.The average confidence level expressed by respondents to the survey was 6…
The Baltic Exchange's main sea freight index fell for a tenth-straight session on Tuesday, as capesize vessel rates hovered near a six-month low.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
Diana Shipping reported net income of $1.8 million and net income attributed to common stockholders of $3 million for the third quarter of 2019. This compares to net income of $14.8 million and net income attributed to common stockholders of $13…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, on Monday recorded its biggest daily percentage jump in more than four-and-a-half months, buoyed by a surge in capesize rates.The Baltic index…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments.The Baltic index, which reflects rates for capesize…
