In a significant development in the LNG shipping market, QatarEnergy selected Nakilat to own and operate up to 25 conventional LNG vessels Nakilat would be the owner and operator of these LNG vessels…
The Baltic Exchange’s dry bulk sea freight index hit a one-month peak on Friday and logged a weekly gain, as rates across all segments pushed higher. The overall index, which factors in rates…
After years of minimal ordering, tanker newbuilding contracting seems to be back on the agenda for many ship owners. At least this has been the case over the course of the past few…
The Baltic Exchange’s dry bulk sea freight index edged down on Wednesday, snapping a three-session winning streak, as falling rates for capesize vessels overshadowed gains in the panamax and supramax segments. The overall…
Clean LR2 LR’s in the MEG continued their downward trajectory this week. The 75kt MEG/Japan TC1 index shed 51.66 points to WS261.67. The 90kt MEG/UK-Continent TC20 run to the UK-Continent dropped consistently through…
The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, Deputy Administrator Ilya Espino…
The rise in dry bulk freight rates during January was far from normal. The current slowdown though, is typical for this time of year. In its latest weekly report, shipbroker Allied Shipbroking said…
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a four-week high on Friday, steered by higher rates across vessel segments. The overall index, which…
Concirrus, the leading AI insurtech helping commercial insurance clients accelerate their digital strategies, announces that it has helped Concept Special Risks, a full service Managing General Agent (MGA) in the yacht insurance business,…
As we enter in to the third month of escalating conflict in Yemen this has prompted significant rerouting of vessels with far-reaching consequences for global trade and transport and the latest trade data…