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
IMO to Work on Safe Corridor for Ships Stranded by Ukraine Conflict
The UN's shipping agency will seek to create a safe maritime corridor to enable merchant ships and their crews stuck in the Black Sea and Sea of Azov to sail away without the risk of being hit, it said on
Marine Insurers Widen High-risk Area as Ukraine Conflict Escalates
London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia's invasion of Ukraine intensifies and perils to merchant shipping grow. The insurance industry's Joint War Committee
Recovery, Resilience and Demand Shifts to Drive Inland Waterway Cargo Flows
Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages
Ukraine Invasion: What Can Be Done at Sea?
The closure of the Turkish straits to all warships has drawn attention to the maritime dimension of Russia’s invasion of Ukraine. From a tactical and operational perspective, Russian naval forces have already contributed, albeit in a limited way, to the current invasion of
Addressing Supply Chain Pain Points for Shippers
Shippers must navigate a daunting array of complex challenges when operating in today's often turbulent supply chain landscape. Potential pain points are rampant. Fortunately, shippers can turn to a variety of solutions and tools that can help drive capacity, control for
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
From the Science Lab: Clean Energy Projects that Could Impact Maritime
As part of a $175M grant for 68 novel clean energy technology projects from the U.S. Department of Energy, these four offer promise in helping the maritime industry meet its decarbonization goals. Makai Ocean Engineering – Waimanalo, HI Remotely Installed Anchorages
The Time to Reduce Port Emissions is Now
Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality. Incorporating propane can help ports support economic growth while safeguarding