Bulker owner is betting on record-low orderbook and strong demand driven by energy shortages and infrastructure projects
Seanergy expects higher dry bulk rates as it books best first quarter ever Read More »
Classification society Lloyd’s Register (LR) said it has awarded approval in principle (AIP) to Vard Marine Inc., a Fincantieri company, for its Vard 7 125 Next-Generation Offshore Patrol Vessel (OPV).The design of the 125-meter vessel is based…
Vard’s New Offshore Patrol Vessel Earns LR AIP Read More »
Jordan’s only container port on the Red Sea has been capturing traffic to Syria, Israel and the West Bank as higher ocean freight costs give it an edge over closer but heavily congested Mediterranean ports, its CEO said on Tuesday.Crises from…
Jordan’s Container Port Sees Pickup in Syria- and Israel-bound Traffic Read More »
The Baltic Exchange’s main sea freight index rose for a fourth straight month, though gains were capped as it slipped for a sixth consecutive session on Tuesday.The overall index, which factors in rates for capesize, panamax and supramax shipping vesse…
Baltic Dry Index Rises for Fourth Month Read More »
The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow’s invasion of Ukraine.The ban on seaborne crude imports will be phased in over six months and for seaborne refi…
How Much Oil Does the EU Import from Russia? Read More »