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Fiancne News

 

Waning Demand Across All Sectors Drags on Baltic Index

Oct 23, 2019

The Baltic Exchange's main sea freight index fell for a ninth straight session on Wednesday to a two-week low, hurt by weaker demand across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 27 points, or 1.5%, to 1,779, its lowest in over two weeks.The capesize index slipped 71 points, or 2.4%, to 2,873, its lowest in more than three months. The average daily earnings for capesizes…

Logistics News

Saudi Arabia Tries to Divert Oil to Red Sea

Saudi Arabia Tries to Divert Oil to Red Sea

London Marine Insurance Market Widens Risk Zone in Middle East

London Marine Insurance Market Widens Risk Zone in Middle East

Greece Calls for Protection of Shipping, Seafarers Amidst Escalating Iran Conflict

Greece Calls for Protection of Shipping, Seafarers Amidst Escalating Iran Conflict

DRIFT Energy, Enapter to Develop Marinized Electrolyzer Technology for Offshore Hydrogen

DRIFT Energy, Enapter to Develop Marinized Electrolyzer Technology for Offshore Hydrogen

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Middle East conflict forces governments to consider repatriation
Drone attacks and extreme weather limit gains from rising oil prices
Sources: Russian-flagged LNG tanker burning in the Mediterranean with crew unknown.