Panamax and Capesize rates hit one-month high

13 February 2024 Capesize and Panamax rates drive shipping index surge (CW Group) Hellenic Shipping News reports that the Baltic Exchange's dry bulk sea freight index soared to a one-month high on Monday, propelled by robust rates for capesize and panamax vessels. The...

• Type: Article
• Category: Markets & trade

Inchcape Shipping Services and Ambrey collaborate for improved safety

13 February 2024 (CW Group) According to Splash247.com, a collaboration between port agency and marine services provider Inchcape Shipping Services and security specialists Ambrey emerged, to revolutionize safety and security in the maritime sector. The partnership aims...

• Type: Article
• Category: Shipping & logistics

Dry bulk sea freight index rises

13 February 2024 shipowners. Notable transactions include the sale of four modern Newcastlemax ships by South Korean company Polaris Shipping, with over 12 shipping companies expressing interest. Rumors suggest Thenamaris acquiring two ships, while China Merchants...

• Type: Article
• Category: Markets & trade

Bulk shipping market trends

12 February 2024 Current trends across bulk shipping sectors (CW Group) The bulk shipping market presents a dynamic landscape, as detailed by Hellenic Shipping News. Across capesize, panamax, ultramax/supramax, and handysize sectors, distinct trends emerge, reflecting...

• Type: Article
• Category: Markets & trade

NYK unveils first LNG Capesize bulk carrier

12 February 2024 Modernizing bulk shipping with green technology (CW Group) NYK has recently hosted the naming ceremony for a groundbreaking LNG-fuelled capesize bulk carrier, destined to transport iron ore and coal from Australia to Japan under a long-term consecutive...

• Type: Article
• Category: Equipment & technology

2020 Bulkers sells two vessels

12 February 2024 Bulk Seoul, to an unaffiliated third party for a total of USD 127.5 million, enhancing its strategic position in the bulk shipping industry. Under a sale and leaseback arrangement currently owned by Ocean Yield, 2020 Bulkers exercised its option to...

• Type: Article
• Category: Equipment & technology

Diana Shipping expands fleet with charter agreement

12 February 2024 Company secures charter deal for dry bulk vessel (CW Group) Diana Shipping announced a new time charter contract for its Kamsarmax dry bulk vessel, the m/v Leonidas P. C. Under the agreement with Ming Wah International Shipping Company Limited, the...

• Type: Article
• Category: Equipment & technology

Global grain prices plummet amid intense competition

12 February 2024 Ukrainian markets. Additionally, challenges such as navigation restrictions in the Panama Canal due to drought exacerbate shipping woes for U.S. soybean exports to Asia. Market analysts anticipate increased soybean stocks in the U.S. and heightened...

• Type: Article
• Category: Markets & trade

Rhenus Group appoints new head of port logistics

12 February 2024 and operational endeavors. Under De Reese's leadership, Rhenus Port Logistics will consolidate its efforts in short sea shipping, inland waterway operations, and rail freight transportation. This integration aims to enhance operational efficiency and...

• Type: Article
• Category: Shipping & logistics

Seabound is turning emissions into limestone

12 February 2024 sustainability efforts. Seabound's carbon capture equipment, installed on a medium-sized cargo vessel operated by global shipping company Lomar, demonstrated impressive results. The system, compact enough to fit within a few shipping containers,...

• Type: Article
• Category: Lime & Gypsum

Bulk Freight Index decreases

09 February 2024 Dry bulk shipping rates experience mixed movement (CW Group) The Baltic Exchange's main sea freight index, reflecting rates for vessels transporting dry bulk commodities, experienced a second consecutive decline, predominantly influenced by a downturn...

• Type: Article
• Category: Markets & trade

Great Lakes Iron Ore shipments increase

09 February 2024 a particularly strong performance. This surge in iron ore shipments underscores the resilience of the Great Lakes shipping industry and its ability to adapt to changing market conditions. The notable increase in cargo volume not only reflects the...

• Type: Article
• Category: Markets & trade

Costamare redirects operational focus

09 February 2024 content you tried to access is only available to paid subscribers.","link":"1"}]A recent financial report by US-listed shipping company Costamare, significant strategic adjustments are highlighted. As reported by Eworldship, Costamare, known for its...

• Type: Article
• Category: Markets & trade

Gasum makes historic LNG bunker delivery

08 February 2024 Norwegian energy company pioneers LNG dual fuel technology in dry bulk shipping (CW Group) Norwegian energy company Gasum has achieved a significant milestone by completing the first LNG bunker delivery to shipping company Seaworks' newly commissioned...

• Type: Article
• Category: Equipment & technology

Shih Wei Navigation breaks decade-long dry spell with newbuild orders

08 February 2024 modernize and expand its fleet, positioning itself to capitalize on evolving market dynamics and demand trends in the bulk shipping industry. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited.

• Type: Article
• Category: Equipment & technology

Bulk Shipping Index plunges

08 February 2024 Market volatility impacts freight rates (CW Group) Hellenic Shipping News reports a significant downturn in the Baltic Exchange's main sea freight index, registering its largest daily drop in a week, primarily influenced by decreased rates in the...

• Type: Article
• Category: Markets & trade

Innovative LNG-fueled Capesize bulk carrier delivery

08 February 2024 Breakthrough in eco-friendly shipping (CW Group) Marine Link reports the delivery of a groundbreaking LNG-fueled capesize bulk carrier by NYK, destined for transporting iron ore and coal from Australia to Japan under a long-term consecutive voyage...

• Type: Article
• Category: Equipment & technology

Costamare delivers strong financial performance

08 February 2024 4Q2023, showcasing robust revenues of USD 1.5 billion and net income of USD 660 million, as reported by Investing.com. The shipping company, known for its expertise in container and dry bulk vessels, witnessed notable growth in its leasing and dry bulk...

• Type: Article
• Category: Markets & trade

Record-breaking transshipment at Murmansk bulk terminal

08 February 2024 NTK Telegram channel. As part of the National Transport Company (NTK), the Murmansk Bulk Terminal facilitates year-round shipping connections with global transport and logistics centers. With a primary focus on mineral fertilizers, MBT's cargo turnover...

• Type: Article
• Category: Ports & handling

Dry bulk shipping rates surge

07 February 2024 Baltic Exchange Index hits one-week high (CW Group) Hellenic Shipping News reports a significant rise in the Baltic Exchange's dry bulk sea freight index on Tuesday, driven by increased rates across all shipping segments. The overall index,...

• Type: Article
• Category: Markets & trade