Can the dry bulk shipping market turn around from the slump in Q4 2024, or will supply of new ships out weigh demand?

The benchmark Baltic Dry Index (BDI) dropped below the psychological threshold of 1,000 points on Wednesday. The index dropped 4.83% to 966 points on 8 January.

Under recently adopted amendments to the International Convention for the Safety of Life at Sea (SOLAS) by the IMO’s Maritime Safety Committee (MSC 108) the Master of a ship involved in the loss ...

The Port of Los Angeles handled 781,434 teu in February this year compared to 487,846 teu in February 2023. “Market confidence in our gateway is as strong as it’s ever been,” said Port of ...

The firm’s projections come with a health warning, however. Nobody forecast Covid-19 or Russia’s invasion of Ukraine – developments in 2023 are equally uncertain. The year ahead could be a ...

Out of the 27 chemical tankers, nine are 13,000 dwt in capacity, four are the 25,000-dwt Flexis and 14 are MR tankers of 46,000-49,000 dwt in capacity. By taking over the ships, Maersk Tankers ...

Container export volumes dropped 12.3% while the domestic volume also declined 8%. Cargo throughput at major coastal hub ports declined 14.5% year-on-year while the international trade cargo ...

The deal was entered into by Florens Container Investment, an indirect wholly-owned subsidiary of Cosco Shipping Development Co (CSDC), with the seller CLC II, an investment holding firm ...

The 13,900 teu Madrid Bridge suffered a container collapse on 7 January in the North Atlantic while bound for New York as part of its EC4 service. Based on initial investigations the container ...

Stay updated with the latest headlines and in-depth coverage by diving into our articles from day five of Posidonia 2024. The latest edition of the Panama Maritime Review focuses on the critical ...

The vessels will be constructed by New Times Shipbuilding and then be leased to a third party. CDB Leasing aims to further increase the market share of the company in shipping market. In the ...