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Baltic Dry Index at 3-Week High

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, adavanced for a fourth straight session on Tuesday, rising about 3.3% to a three-week high of 2,936 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, surged by 4.7% to its highest level since ...

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Safety Is Two-Way Traffic

For most of my career at sea and ashore, vetting was seen as a stressful test to survive. The inspector arrives, tensions rise, and the outcome is perceived as a verdict based on a single day’s…

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