Maritime

Maritime

Baltic index gains for sixth week on stronger vessel rates

portnews - May 20, 2022

The Baltic Exchange’s main sea freight index rose on Friday to gain for a sixth consecutive week on stronger vessel rates across segments. The overall...

Maritime

Dry Bulk Carriers’ Prices Up by 85% on Average Since the Start of 2021

portnews - May 20, 2022

According to Allied’s Head of Research & Valuations , Mr. George Lazaridis, “there may well be some support for this when looking at the...

Legislation

The US Announces More Sanctions Against Russia & Designates Several Russian Shipping Companies & Vessels to SDN List

portnews - May 20, 2022

On 8 May 2022, the US announced another series of sanction measures against Russia. These measures include the designation of several Russian shipping companies...

Marine

Carriers’ Blank Sailings Check Rates Declineas Regulators Watch On

portnews - May 20, 2022

The ‘drip-drip’ erosion of container spot rates on the transpacific and Asia-Europe tradelanes since the Chinese New Year stopped this week as a raft...

Companies

Tekmar cable protection systems going to China

portnews - May 20, 2022

Tekmar Energy has won a contract to deliver cable protection systems (CPS) for the Shenquan Phase 2 offshore wind project in China. Tekmar is supplying...

Marine

Transit times reveal true state of reliability, not queueing ships

portnews - May 20, 2022

As global schedule reliability hits rock bottom, new research highlights lockdowns in China are to blame for the increased container shipping transit times. In a...

Green

First major shipment delivered for the Brevik carbon capture project

portnews - May 20, 2022

K2 Project Forwarding, a joint venture by Peak Group and deugro group, has completed the first delivery for the Brevik carbon capture project. In December...

Maritime

European Maritime Day 2022: Sustainable blue economy for green recovery

portnews - May 20, 2022

On 19 and 20 May 2022 Virginijus Sinkevičius, Commissioner for Environment, Oceans and Fisheries is co-hosting the European Maritime Day (EMD) conference, which is...

Maritime

Greek Shipping Retains its “Crown” as the World’s Leading Maritime Force in Terms of Tonnage

portnews - May 19, 2022

Greece remains the top shipowning nation in the world (Figure 1), as Greek shipowners with 5,514 ships currently control approximately 21% of the global...

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