The Baltic Exchange’s main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bul…
Baltic Index Hits 8-month Low Read More »
Venezuela has changed the formulas for calculating royalties energy companies pay the government to remove references to fuel oil and some crude grades, driven by stricter rules governing marine fuel emissions, according to a document seen by Reuters.A…
Venezuela Alters Oil Royalty Formulas, Driven by IMO 2020 Read More »
The Norwegian authorities on Thursday suspended wider search and rescue operations for two Bulgarian sailors who officials say fell overboard from a cargo ship in the Norwegian Sea, the Bulgarian foreign ministry said.The two-helicopter rescue operatio…
Search for Missing Bulgarian Sailors Ends Read More »
Indonesia has increased patrols around islands near the disputed South China Sea after a Chinese coast guard vessel “trespassed” into Indonesia’s exclusive economic zone, authorities said on Friday.The Chinese vessel entered waters off the coast of the…
Indonesia Boosts Patrols After Chinese ‘Trespass’ Read More »
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a…
APSEZ to Buy 75% Stake in Krishnapatnam Port Read More »