The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, fell by 1.3% to 2,980 points on Friday, bringing a seven-day winning streak to an end. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, dropped by 2.4% to 4,719 points. Meanwhile, the panamax index, ...
It was another bruising week for VLCCs. A late pickup in activity could not turn the tide, with ample tonnage and weaker Suezmax Source: Affinity Research LLP
The container ship time charter market maintained a tight, supply-constrained upward trajectory for the week ending Source: Verband Hamburger und Bremer Schiffsmakler e.V
Another week has passed without a meaningful change in global ship recycling conditions, although the trading market has strengthened its position once again.
Along with ICS, IPTA and RINA, we have co-sponsored a proposal to MEPC 85 aimed at making underwater radiated noise (URN) measurement practical and affordable for the world fleet.