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…
Russian oil suppliers have resumed Urals ship-to-ship (STS) operations in the Mediterranean after a six-month pause, data showed, trying to address tanker shortages, traders said. Bad weather and security risks in the Red…
The United Nations’ trade body has cautioned that the rising assaults on ships in the Red Sea are exacerbating challenges for shipping routes already impacted by conflicts and climate change. The combination…
The dry bulk market benefited from an increase in Chinese iron ore imports, most notably an increase in ton-mile demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a…
The Baltic Exchange’s dry bulk sea freight index rose on Friday, with a lift from higher capesize rates, but still declined for the week on overall weaker rates across vessel segments. The overall…
Pacific International Lines (PIL) has successfully completed full integration with the Singapore Trade Data Exchange (SGTraDex) platform, making PIL the first shipping line to do so. This achievement, realised through a collaborative effort…
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of three very large ammonia carriers (VLACs). As informed, the company will build the…
Germany’s maritime transport provider United Heavy Transport and South Korean transportation firm Dongbang Transport Logistics have joined forces in a new strategic alliance combining their respective strengths. The duo has signed a Memorandum…