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Maritime

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Weak vessel demand drags Baltic index lower

portnews -
The Baltic Exchange’s dry bulk sea freight index extended its fall to an 11th session on Wednesday, as demand waned across all segments. The overall...
Maritime

China-EU/US rates plunge, but Mideast, Red Sea buck trend

portnews -
OCEAN carriers have been cancelling Asia-Europe and US-bound transpacific voyages to reduce excess capacity that has been driving down spot rates as the Covid...
Maritime

Baltic Index Extends Fall on Lower Vessel Demand

portnews -
  The Baltic Exchange's dry bulk sea freight index extended its fall to an 11th session on Wednesday, as demand waned across all segments. The overall...
Companies

Maersk Warns That Global Shipping Demand is Falling

portnews -
A warning from AP Moeller-Maersk sent ripples through the shipping industry Wednesday morning, resulting in a 5% drop in the shipping giant’s stock price...
Companies

Maersk Warns of ‘Dark Clouds on the Horizon’ for Container Shipping

portnews -
Maersk delivered another record quarter in Q3 2022, but “dark clouds” are gathering on the horizon. A.P. Moller – Maersk on Wednesday reported strong results...
Maritime

Maersk calls market peak, reports more record results

portnews -
Maersk reported another record quarterly performance and maintained its full-year guidance despite a continued downward trend in volumes. The group said its third quarter earnings...
Maritime

Maritime Industry In The Philippines: Issues And Challenges

portnews -
Repost: The maritime industry in the Philippines is one of the most critical sectors of the economy. It employs hundreds and thousands of people,...
Maritime

Baltic Index Drops to 7-Week Low

portnews -
The Baltic Dry index, which measures the cost of shipping goods worldwide, fell for a tenth consecutive day to its lowest in seven weeks...
Maritime

Retreat in larger vessel rates drags Baltic index to worst week in 3 months

portnews -
The Baltic Exchange’s dry bulk sea freight index (.BADI) on Friday marked its worst week since early August, primarily weighed down by weakness in...
Companies

Sovcomflot seals deal for Arctic LNG carriers

portnews -
  Russian owner Sovcomflot (SCF) has signed 30-year time charter agreements for three icebreaking LNG carriers with Arctic LNG 2, the operator of the Arctic...
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