The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, hit an over three-month high on Friday as a rally in the capesize vessel segment helped the index record its best week since August 2014.The overall i…
Dry Bulk: Capesize Rally Continues Read More »
Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday, the latest sign of recovery in the energy industry.After cuts in exploration spending following an oil price plunge that b…
Odfjell Drilling to Expand Fleet Read More »
Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed.Sorghu…
Ships Carrying US Sorghum U-turn after China Tariffs Read More »
State lender to pump more cash into sector in the form of loans and guarantees.
Korea Eximbank pledges $753m for shipping in 2018 Read More »
Norwegian cruise ferry operator Hurtigruten has signed a Letter of Intent with Rolls-Royce to upgrade up to nine vessels to hybrid power.The main engines on up to nine cruise ships will switch from diesel to gas power, and the upgrade will also…
Up to Nine Hurtigruten Ships Will Switch to Hybrid Power Read More »