The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for …
Baltic Index Down for 9th Session in a Row Read More »
After a fun summer, the party is over for dry markets as bearish sentiment depresses rates ahead of the New Year.
Baltic Dry Index dips again while sentiment stagnates Read More »
A 203-foot cargo vessel has run hard aground north of Fishers Island, Fla. on Thursday, the US Coast Guard said.The Coast Guard said it is responding to the indecent after its Sector Miami watchstanders received a notification at approximately 5 p.m.…
Cargo Ship Runs Aground in Florida Read More »
Tanker owner pleased that disputes involving more than $250m were ended for $47m.
Legal settlement allows Teekay Offshore to focus on growth Read More »
The United States is taking advantage of record-low prices of one of the world’s dirtiest fuels by buying record volumes, which it intends to upgrade into cleaner products before new shipping rules take effect, trading and analyst sources say.U.S.
U.S. Scoops up Overseas Fuel Oil in pre-IMO Push Read More »