Shipping Lines Skip a Beat
Global ports lost more than one-third of their expected capacity to ship containers in 2021, causing economic trouble for some smaller developing nations, among others, finds research commissioned by the Global Shippers Forum (GSF). The study, which was conducted by MDS
Baltic Dry Index Drops to 3-week Low, Ends Quarter Higher
The Baltic Exchange's dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main index posted monthly and quarterly gains. The overall index, which factors
Russia Dropped from Ship Certification Body as Sanctions Bite
The world's top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to the country's vital shipping sector. Classification
Baltic Dry Index Dips on Weaker Demand for Larger Ships
The Baltic Exchange's dry bulk sea freight index (.BADI) slipped on Wednesday as lower rates for capesize and panamax vessels outweighed gains in the supramax segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, was down
Key Habits of Highly Effective Cold Chain Shippers
Maintaining optimum conditions for temperature-sensitive cargo takes experience and know-how. Here are four attributes of effective and reliable cold chain shippers. The North American cold chain market is expected to reach $118.55 billion by the end of this year, with industries
Why Should Shipping Come Under the EU’s Carbon Trading System?
The European Commission has proposed adding shipping to the bloc's carbon market for the first time, in a move that is set to shake up the industry after years of avoiding pollution charges by the bloc. But already there is disagreement
Collaboration Crucial for Decarbonization -MSC CEO
The CEO of container shipping giant MSC highlighted the importance of working together to achieve net decarbonization in a digital keynote speech at DNV’s ‘Fuel of the Future Conference’ on January 11, as part of the annual Nor-Shipping convention. In his
Baltic Dry Index Slides for 12th Day
The Baltic Exchange's dry bulk sea freight index fell for a 12th straight session on Monday, hurt by declining capesize rates. The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 24 points, or 1.7%, to 1,391,
Technology to Ship Hydrogen Ready by 2025, KSOE Says
Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major source of clean energy. The development