At about 1:30 am ET March 26 the Singapore-flagged Dali struck the 1.6 mile-long bridge that straddles the Patapsco River and marks the outermost crossing of the Baltimore Harbor area, causing its collapse….
With several big shipping companies diverting their routes away from the Red Sea due to current conflicts, the delivery of shipping containers and consumer goods is taking longer than usual. As a result…
Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships in the Indian Ocean, potentially with drones and assisted by Iran and Somali pirates, security specialists said. Since the…
On March 26, the Francis Scott Key Bridge in Baltimore collapsed after being struck by a containership operated by AP Moeller Maersk A/S on an international route between the US east coast and…
For all its ailments and splits, the world economy at large appears to have found a post-pandemic growth plateau – perhaps arguing against hyper-active monetary policy from here, but pulling investors into the…
The Baltic Exchange’s main sea freight index fell for a second straight session on Wednesday, pressured by losses in the larger capesize and panamax vessel segments. The overall index, which factors in rates…
Russia will increase oil exports through its western ports in March by almost 200,000 barrels per day (bpd) against the monthly plan to 2.15 million bpd, and market participants expect a further increase…
Cash premium for very low sulphur fuel oil slipped further to a seven-week low in Asia on Monday as lower-priced offers emerged. The premium dropped to $3.44 a metric ton, extending declines to…
The Baltic Exchange’s dry bulk sea freight hit a more than two-month high on Monday, on robust demand across all vessel segments. The overall index .BADI, which factors in rates for capesize, panamax…