At least seven people are missing after a cargo ship that had been barred from sailing sank off the coast of Liberia, the country’s Maritime Commissioner said on Sunday.The Liberian-registered Niko Ivanka left the capital Monrovia on Saturday morning f…
Several People Missing after Cargo Ship Sinks Off Liberia Read More »
Vineyard Wind on Friday announced a deal to use union labor to help construct what will become the nation’s first major offshore wind project off the Massachusetts coast near Martha’s Vineyard.The labor agreement with the Southeastern Massachusetts Bui…
500 Local Jobs: Vineyard Wind Signs Labor Union Deal for U.S. Offshore Wind Farm Read More »
VLCCs of lower spec have endured the worst spot market of the past two decades, during the first half of 2021. In its latest weekly report, shipbroker Gibson said that “VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1s…
VLCC Spot Market Posts Lowest First Half Earnings in Two Decades Read More »
Container shipping: The boom in the container market is continuing with no sign of abatement in the near term. Container freight rates on some routes are close to USD 13,000 per 40-foot container, which almost guarantees record profitability for carrie…
Capesize The Capesize market endured a week of eroding value across all regions as the 5TC lowered $2,430 week on week to settle at $28,572. While the Pacific’s West Australia to Qingdao C5 route closed out Friday up 25 cents to $10.841, appetite from …
Dry Bulk Market Loses Steam Read More »