The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, jumped by 4% to 2,694 points on Wednesday, halting a two-day losing streak, supported by the larger vessels. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also snapped a two-day losing streak, soaring by ...
Asia’s imports of crude oil recovered in October to match levels prior to the Iran conflict which goes far in explaining the stronger Source: Fearnleys A.S
The dry-bulker Mineral Europa, owned by CMB.TECH and chartered by Fortescue, has left Port Hedland, bunkered with green ammonia and carrying a shipment of iron ore heading for China.
BIMCO recently adopted its Energy Saving Device Retrofit Addendum in Autumn 2026, giving owners and charterers a contractual framework to agree how the cost, time and fuel savings of a retrofit are…
Brazilian iron ore exports have diverged across major loading systems in 2026. Tubarão has recorded stronger China-bound shipments, while Ponta da Madeira (PDM) has declined amid weaker output at…
The ship recycling market has remained stable over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling…