The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near two-week low on Tuesday on reduced demand for all vessel segments.* The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 44 points, or 3.3%, to 1,296, its lowest since May 14.* The capesize index was down 91 points, or 4.8%, at 1,809…
DataMondial, a player in the world of data and document processing, announced the launch of its latest service: an AI-powered robotization system for processing ocean freight rates. This new service is designed to help logistics providers manage…
Average container freight rates for Chinese exports have dropped 28% since the start of the year, according to BIMCO. This posts the worst first quarter development in twenty years. Based on input from twenty-three liner operators, the China…
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said.The Black Sea is crucial for the shipment of grain…
