“Inflation is on the rise again, plate prices are collapsing in the wrong places, all while the U.S. dollar continues to rummage through the wreckage of 2025 for whatever it can suck out of ship-recycling currencies and both freight rates and oil futures tumble in unison,” reports cash buyer GMS, “just within the span of week 50.
December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points, all while oil barely moved the needle as it closed another week at region USD 59.
RobotPlusPlus has demonstrated its cargo hold cleaning robot at Sea Asia 2025 in Singapore.The HighMate C20 robot is designed to simplify maritime cleaning, blasting and painting tasks. It simplifies cargo hold cleaning with efficient operations in most sea conditions, covering up to 95% of the hold's surface and reducing the risks of manual cleaning at heights.