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…
The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo…
New York-listed dry bulk owner Safe Bulkers has entered into a deal to acquire an 82,000 dwt Kamsarmax bulker with a scheduled delivery date within the third quarter of 2026. According to Safe Bulkers, the…
UK-based maritime service provider James Fisher has christened its latest LNG dual-fuel 6,000 dwt chemical tanker, as part of the next phase of its ‘fleet of the future’. The christening ceremony took place…
