Shipping Industry News

NEWS FEED

Dry Bulk Market: Coal Imports Making Their Way Into Europe

, July 1, 2022, 0

In a clear sign of the turbulent times we’re experiencing, coal imports have began making their way into Europe...

Baltic sea freight index logs second straight weekly fall

, July 1, 2022, 0

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a second...

BIMCO’s new IOCD Clause focuses on keeping the trade going and avoiding further supply chain issues

, July 1, 2022, 0

The revised BIMCO Infectious or Contagious Disease Clause for Time Charter Parties 2022 is now ready for use. The...

2 MOL-operated Vessels Earn 2021 ‘Best Quality Ship Awards’

, July 1, 2022, 0

Mitsui O.S.K. Lines, Ltd. announced that the Japan Federation of Pilots’ Association (JFPA) (Note 1) has presented its Best...

Vale Advances A Pioneering Project To Adopt Low-Carbon Fuels In Shipping

, July 1, 2022, 0

Vale has achieved a major advance in the adoption of alternative, lower-carbon fuels for shipping. A pioneering project developed...

Iron ore stuck in downward spiral

, July 1, 2022, 0

An upturn in iron ore prices on the back of promises from Chinese President Xi Jinping to take more...

Just 35% Of Shipping Companies Have A 2050 Net Zero Pledge Or Have Committed To IMO Targets Of 50% Absolute Emission Reduction

, July 1, 2022, 0

A new study examining the top shipping companies’ commitment to decarbonization shows that only 35% have a clearly expressed...

Drewry: World Container Index Down 3% This Week

, July 1, 2022, 0

Drewry’s composite World Container Index decreased by 3% to $7,066.03 per 40ft container this week. Our detailed assessment for...

ECSA welcomes Council’s position on ETS ‘polluter pays’ principle but warns more is needed to earmark revenues

, July 1, 2022, 0

EU Environment Ministers adopted this week the Council position on the revision of the EU Emission Trading System (ETS)...

ClassNK releases comprehensively revised structural rules

, July 1, 2022, 0

Leading Classification Society ClassNK released a comprehensively revised version of Part C of its Rules and Guidance for the...

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WEEK SUMMARY TITLES

Dry Bulk Market: Coal Imports Making Their Way Into Europe

, July 1, 2022, 0

In a clear sign of the turbulent times we’re experiencing, coal imports have began making their way into Europe with more cargoes entering the EU market. It’s a response to the scramble to offset the losses of Russian gas. In its latest weekly report, shipbroker Allied Shipbroking said that...

Baltic sea freight index logs second straight weekly fall

, July 1, 2022, 0

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a second straight week on Friday, dragged down by declines across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 26...

BIMCO’s new IOCD Clause focuses on keeping the trade going and avoiding further supply chain issues

, July 1, 2022, 0

The revised BIMCO Infectious or Contagious Disease Clause for Time Charter Parties 2022 is now ready for use. The revision was prompted by the COVID-19 pandemic. However, the clause is not intended to be a “COVID-19 clause” – it is designed with future epidemics and pandemics in mind. The...

2 MOL-operated Vessels Earn 2021 ‘Best Quality Ship Awards’

, July 1, 2022, 0

Mitsui O.S.K. Lines, Ltd. announced that the Japan Federation of Pilots’ Association (JFPA) (Note 1) has presented its Best Quality Ship Award for fiscal year (FY) 2021 to two MOL-operated vessels—the LNG carrier LNG SATURN and the bulk carrier TAIYO. LNG carrier LNG SATURN LOA: 288.00m Breadth: 48.94m Gross...

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