The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended losses for a sixth consecutive session on Friday, on weak demand across all vessel segments.The Baltic index, which reflects rates for ca…
Baltic Index Sags as Rates Slip Read More »
U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia’s ESPO Blend oil sent buyers back to U.S. grades, according to market sources.Oil shipping costs…
Exxon, Trafigura Tap Lower Freight Rates Read More »
Belgian Port of Antwerp and Port of Zeebrugge give the green light for starting merger negotiations.
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Antwerp, Zeebrugge Ports Kick Off Merger Talks Read More »
Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an unexpected surge in freight rates, three trade sources said.U.S.
Tankers Defer retrofits as Record Freight Rates Beckon Read More »
The 1998-built ship grounded in a marine reserve after missing a turning point.
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Stranded Freighter Rhodanus Refloated in Strait of Bonifacio Read More »