International Shipping News.

The Baltic Exchange’s main sea freight index fell on Wednesday, as weaker demand for panamax and capesize vessels weighed. The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 12 points, or 0.4%, to 3,154. The capesize index lost 3 points to 3,841, its lowest since July ... The post Baltic index slips on weaker panamax, capesize rates first appeared on Hellenic Shipping News Worldwide. […]

Launched yesterday, the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of officers by 2026. Given the growing demand for STCW certified officers, the Report predicts that there ... The post New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage first appeared on Hellenic Shipping News Worldwide. […]

Small- to medium-sized exporters by shipping container to the US are increasingly having to rely on financing solutions as port congestion, ship delays and blank sailings keep their capital out at sea for longer periods. Many shippers are also struggling to cover escalating freight rates that have climbed by 165% over the past year to ... The post Demand for shipper financing grows as congestion stalls container cargoes first appeared on Hellenic Shipping News Worldwide. […]

In response to concerns expressed by its members, the trade association that represents UK freight forwarding and logistics companies has been monitoring conditions in the global container market for some time, liaising with international organisations in order to compare market conditions around the world. BIFA has now prepared a report for all of its members, ... The post Freight association sees no change in container shipping fundamentals for months … possibly years first appeared on Hellenic Shipping News Worldwide. […]

GoodBulk Ltd., a leading owner and operator of dry bulk vessels, today announcesits financial results for the second quarter 2021. 2nd Quarter Highlights • Generated $20.6 million profit, resulting in EPS $0.69, after $10.3 million depreciation; generated $32.8 million EBITDA. • On 26 April 2021 the Board of Directors authorized the payment to Shareholders of ... The post Goodbulk Ltd. Profits From 213% Higher Capesize Rates During the Second Quarter of 2021 first appeared on Hellenic Shipping News Worldwide. […]

ARA’s independent fuel oil inventories were drawn again last week, bringing them down to their lowest levels since March last year, Insights Global data showed. The hub’s gasoil inventories dropped to two-month lows and below the five-year average. Despite the weekly stock draws, bunker supply of VLSFO and LSMGO continues to be readily available in ... The post ENGINE: Europe & Africa Bunker Fuel Availability Outlook first appeared on Hellenic Shipping News Worldwide. […]

When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating. Unfortunately for beleaguered cargo shippers, these bellwethers now imply the opposite: that the scramble for container ... The post Containers are being built at a record pace. It’s still not enough first appeared on Hellenic Shipping News Worldwide. […]

DNV, the world’s leading classification society and risk management expert, is embarking on an instrumental role in helping to facilitate safe crew changes amid South East Asia’s COVID crisis as an auditor in the multi-party backed CrewSafe programme. CrewSafe is the creation of the Singapore Shipping Tripartite Alliance Resilience (SG-STAR) Fund Task Force (SFTF), which ... The post DNV backs crew change programme in South East Asia first appeared on Hellenic Shipping News Worldwide. […]

The World Health Organisation has included seafarers that should be prioritised for Covid-19 vaccination in the context of limited supplies. On July 16, the World Health Organization (WHO) has released its updated guidance for the organisation’s vaccine roadmap in order to provide a framework for overall programme priorities, listing seafarers on cargo ships as a ... The post ETF and ECSA welcome WHO decision to prioritise seafarers’ vaccination first appeared on Hellenic Shipping News Worldwide. […]

A few years ago, NAT winnowed its fleet from 33 vessels to 23 vessels. Last year the company ordered two newbuildings from South Korea. These two ships will be delivered to NAT in 2022. As described below the path forward is expansion. We have concrete projects to sell at least two ships built in 2000 ... The post Nordic American Tankers Is In An Expansionary Mode Based On Concrete Projects first appeared on Hellenic Shipping News Worldwide. […]