Ukraine faces a possible grain revenue loss of $6 billion as the blockade of its ports by Russian forces prevents it from selling millions of tonnes of wheat and corn that had been earmarked for export by June, a senior industry official said.Countries…
Ukraine Could Lose $6 Billion in Grain Exports with Ports Blocked Read More »
Egypt’s Suez Canal Authority said on Tuesday it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions to 15% of normal dues from 5%, effective May 1.It said that b…
Suez Canal Increases Tolls for Laden Crude Oil Tankers Read More »
Seattle shipbuilder Snow & Company earlier this month delivered Savannah, the first of two new 64-foot pilot boats for the Savanah Pilots Association. Designed by Camarc Design, the single chine, flush deck 5086 aluminum vessel is the third…
Snow & Company Delivers New Launch to the Savannah Pilots Read More »
Chartering activity has dropped off, causing a week-long rout in spot rates
Average capesize spot rates fall below $20,000 as market sits in the doldrums Read More »
Pair of vessels acquired from American Roll-On Roll-Off Carriers for an undisclosed sum
Crowley buying two ships for US military sealift programme Read More »