On 17 June 2020, the Capesize average earnings jumped a staggering USD 4,250 per day, the largest daily gain since 2013, settling at USD 19,036 per day. Capesize average earnings have rallied in recent weeks, but Wednesday’s observation marks the first…
Capesize earnings leap USD 4,250 per day – largest daily jump since 2013 Read More »
The dry bulk market is riding on a high as a result of demand picking up around the world. In its latest weekly report, Allied Shipbroking said that “a remarkable change has been witnessed of late in the dry bulk market, with demand ramping up signific…
Dry Bulk Market: Rates Skyrocket as Demand Picks Up Read More »
The U.S. Government has been working hard to close a weakness in its global sanctions web by focusing on illicit shipping practices and sanctions evasion. As the bad actors misusing the shipping industry have been increasingly identified and sanctioned…
A New Wave of Compliance is on the Horizon for the Shipping Industry Read More »
The Baltic Exchange’s main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.The Baltic dry index, which tracks rates for ships ferrying dry bulk commoditi…
Baltic Index Sees Best Day Ever—Again Read More »
French shipping company Brittany Ferries has terminated its contract with German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) for the construction of a liquefied natural gas (LNG) fueled RoPax ferry, the shipyard announced Thursday.Stefan Denkh…
Brittany Ferries Cancels Newbuild Order Read More »