The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the IMO on a GHG emissions pricing mechanism for international shipping.The joint text is supported by major shipping nati…
Wide Agreement for Proposed GHG Emissions Pricing Mechanism Read More »
The U.S. Coast Guard is responding to the grounding of the 623-foot bulk carrier Algoma Verity approximately a mile north of the Benjamin Franklin Bridge in the Delaware River.At 6:30 p.m., Wednesday, Coast Guard Sector Delaware Bay watchstanders…
Bulk Carrier Aground in Philadelphia Read More »
West P&I Club announced the full acquisition of Nordic Marine Insurance (Nordic), a leading provider of fixed premium insurance for the marine industry, specializing in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire…
West P&I fully acquires Nordic Marine Read More »
Growing sanctions list could be a tailwind for larger tankers in 2025
‘Flashing yellow light’: How major VLCC owner is looking at Chinese shadow fleet stance Read More »
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels…
Capesize Segment Buoys Baltic Index Read More »