Baltic Dry Index hits a new high
The Baltic Dry Index, the Baltic Exchange’s leading dry bulk shipping index, was up yesterday due to increased demand for Capesize vessels. The overall index, which takes into account rates...
MOL & Total Energies in business
MITSUI OSK Lines has signed a contract with TotalEnergies Gas & Power for the long-term chartering of one of its new LNG carriers, which is to be built by South...
Ammonia’s the word for Flli Cosulich
Singapore-based Fratelli Cosulich Bunkers has signed a Memorandum of Understanding with Nantong Cimc Sinopacific Offshore & Engineering for building a bunker tanker for transporting and supplying ammonia to ships. According...
MOL placing its bets on ammonia
next-generation ships. It is estimated that Japan will need 3 million tonnes of ammonia by 2030 and 30 million tons by 2050. The tanker will be running on ammonia too....
Olbia, illegal boarding attempt foiled
trying to get through the restricted-access area, clinging to the vehicle’s underbody. According to the Port Network Authority, the man, presumably aged between 25 and 30, was handed over to...
Cosco’s expansion at risk
to 400 metres long and have a capacity of up to 16 thousand TEUS. For the storage of goods, it offers warehouses on a 600 thousand square metre logistics area....
When will freight rates slow down?
It’s going to take between 18 and 30 months for freight rates to normalize according to Sea- Intelligence in its analysis of the trends in the China Containerized Freight Index...
FMC puts liners under the microscope
into how carriers and big alliances manage their operational capacity. The FMC points out that shipping companies are already subject to more stringent and frequent scrutiny than they used to...