Brazil’s iron ore exports grew by 7.9% in 2023, favoring higher ton-mile demand for dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa discussed the global iron ore trade and Brazil’s exports in particular. According to the repor…
Dry Bulk Market Benefiting From Higher Brazilian Iron Ore Exports Read More »
The sky’s the limit” for the use of derivatives in the shipping industry, according to finance expert and academic Professor Nikos Nomikos. Speaking at a jointly hosted Baltic Exchange and Institute of Chartered Shipbrokers’ webinar, Nomikos, a profess…
‘Sky’s the limit’ for shipping derivatives Read More »
The Xeneta Shipping Index (XSI®) has posted its biggest global increase in 18 months – just days before many US shippers begin negotiations over new long term contracts. The global XSI®, which calls upon Xeneta’s crowdsourced data to measure the averag…
British maritime security firm Ambrey said on Friday it had received multiple reports of another incident involving the Rubymar cargo ship, and a number of Yemenis were reportedly harmed during the incident, which occurred on Feb. 29.The Rubymar…
Another Incident Reported Involving Abandoned Cargo Ship Rubymar Read More »
The U.S. Navy accepted delivery of the future USS Kingsville (LCS 36) at Austal USA’s shipyard in Mobile, Ala., March 1.Kingsville is the 18th Independence-variant Littoral Combat Ship (LCS) constructed, and is the first ship ever named after Kingsvill…
US Navy Accepts Delivery of Future USS Kingsville (LCS 36) Read More »