The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was nearly flat on Wednesday, as weaker capesize rates were countered by stronger demand for panamax and supramax vessels.The overall index…
Dry Bulk: Baltic Index Flat Read More »
Water levels on the Danube dropped to record lows on three sections of the river in Hungary on Wednesday due to a recent drought, hindering passenger cruise ships and causing losses to freight shipping companies.In Budapest the Danube receded to 0.61 m…
Record Low Danube Hinders Shipping in Hungary Read More »
Freight services the focus in South Africa after spin-off of vessels.
Grindrod appoints new CEO Read More »
Ship Finance International Limited said it has agreed to acquire three large containerships in combination with long term time charters.The vessels were built in 2015 with approximately 10,600 TEU carrying capacity. The company expects to take delivery…
Ship Finance International Acquires Three Box Ships Read More »
Norwegian shipowner Østensjø Rederi said it has signed a contract to sell the light construction vessel Edda Fonn to the Royal New Zealand Navy (RNZN).The purchase price, including modifications and other services, is reportedly $103 million.The 84.7-m…
New Zealand Navy Buys OSV from Østensjø Rederi Read More »