The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month high on Wednesday, driven by robust capesize rates.The overall index, which factors in rates for capesize, panamax and suprama…
Baltic Dry Index Scales 11-month Peak Read More »
Container lines face challenge of propping freight rates as newbuildings loom, analyst Omar Nokta says
Jefferies lowers container ship charter rate outlook as ‘hard part begins’ for operators Read More »
Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels…
Diana Inks LOI to Order Methanol Dual-fuel Bulkers Read More »
Pakistan National Refinery Limited (NRL) has started producing very low sulphur fuel oil (VLSFO) for ships and is planning to expand its monthly output by at least five-fold in six months, the company said late Tuesday.The company is producing about 2,…
NRL Plans to Boost Low-sulphur Fuel Oil Output for Ships Read More »
The shipping industry lacks clarity on future clean fuels and regulatory systems which is holding back companies from replacing ageing vessels amid pressure to decarbonise faster, U.N. agency UNCTAD said on Wednesday.Shipping, which transports…
Shipping Industry Has No Easy Path Toward Decarbonization Read More »