The Baltic Exchange’s dry bulk sea freight index rose on Wednesday, as a jump in capesize segment to its highest since mid-July offsets a decline in rates for smaller vessel segments.The overall index, which factors in rates for capesize, panamax…
Dry Bulk: Capesizes Rates Top Five-month High Read More »
Power solutions provider Caterpillar Marine is partnering with Jackson Offshore Operators to pilot an integrated hybrid energy solution that will help the Louisiana-based offshore marine services firm reduce fuel consumption and diesel exhaust…
Caterpillar to Pilot Hybrid Solution on a Jackson Offshore PSV Read More »
Lars Rhodin, will retire as managing director of The Swedish Club, ffective January 1, 2023.Rhodin first joined The Swedish Club in 1986 and has spent 15 years at the helm. During that time, he spearheaded a period of considerable growth for the Club…
Swedish Club Managing Director Lars Rhodin Retires Read More »
The Greek shipping fleet is expected to continue its upward trend in 2022 and 2023 across all sectors, even allowing for higher scrapping, Petrofin Research said in a report issued yesterday, detailing the course of the shipping sector in Greece, both …
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, LNG rates peaked at a record high of 466,524 USD/Day from the Baltic Exchange BLNG1g assessment, pushing up LN…
An Overview of the LNG Market Read More »