International Shipping News.

The product tanker market’s fundamentals, both demand and tonnage supply, have been showing signs of steady improvement of late. In its latest weekly report, shipbroker Allied Shipbroking said that “having entered into the second half of the year, all eyes (on the MR segment) have turned towards the refineries and the anticipation that they will ... […]

With 1 January 2020 less than five and a half months away, INTERCARGO expresses its growing concern in view of the magnitude of the challenge lying ahead for the industry and the need for a smooth transition. The global availability of safe compliant fuels remains a key question largely unanswered. The requirement for the sulphur ... […]

The Baltic Exchange’s main sea freight index climbed to its highest since December 2013 on Friday, driven by firm demand for capesize and panamax vessels. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose nearly 2%, or 40 points, to 2,170, a peak since Dec. 24, 2013. The index rose for ... […]

Dry bulk – iron ore, coal, grains and other mineral and agricultural commodities – is by far the world’s largest cargo segment. With rates rising after an extended slump, what’s the best way for investors to capture the upside in this massive market? One of the most innovative options is the Breakwave Dry Bulk Shipping ... […]

This may be the time for the summer doldrums, but ocean shipping freight rates and charter markets are far from sleepy. Rates that were good last week are even better this week. Dry bulk remains the biggest story. Bulker rates, especially those for ships booked in the Atlantic Basin, are reaching levels not seen in ... […]

The United States is struggling to win its allies’ support for an initiative to heighten surveillance of vital Middle East oil shipping lanes because of fears it will increase tension with Iran, six sources familiar with the matter said. Washington proposed on July 9 stepping up efforts to safeguard strategic waters off Iran and Yemen ... […]

The drive for a cleaner and greener maritime sector presents huge opportunities for the UK to become a world leader in innovative, climate-friendly maritime technologies and services, with the UK Department of Transport seeking to introduce zero-emission vessels (ZEVs) by 2025, well ahead of the 2030 requirement under the International Maritime Organization’s 2050 Greenhouse Gas ... […]

COSCO SHIPPING Lines CO., LTD is pleased to announce the launch of service between East India and North Europe from Vizag on Oct 26th 2019. The service will be operated in collaboration with OOCL, Hapag Lloyd, Yang Ming and ONE . This service will provide direct callings between East India and North Europe and especially ... […]

NYK has been selected as an index component for FTSE4Good Index Series, the major evaluation benchmark of ESG (Environmental, Social, and Governance) indices for the 17th straight year, and FTSE Blossom Japan Index, the benchmark of performance of Japanese corporations with excellent responses to ESG issues for the third consecutive year. Thus, NYK has become ... […]

Malaika D’souza has been named as ChartCo’s new representative for the North and South American regions. Ms D’souza, who has successfully grown ChartCo’s revenues and customer relationships across India and the Middle East over the past 3 years has now relocated to Toronto to take up the full-time position as the commercial lead for the ... […]