The Baltic exchange's main sea freight index rose for the fourth straight session on Monday to its highest in a month, supported by higher rates across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 87 points, or 3%, to a peak since May 13 at 2,944.The capesize index rose by 197 points, or 5.9%, to 3,543.
The U.S. Coast Guard said it has suspended the search for 10 Cuban migrants believed missing from a boat that capsized off Key West, Florida.Two people were killed and 10 were believed missing in the incident, the U.S. Coast Guard had reported on Thursday.Coast Guard, Navy, Air Force, Customs and Border Protection
The U.S. Coast Guard on Monday called off its search for more survivors from a boat that capsized off a rocky shoal near San Diego in what authorities said was an ill-fated migrant-smuggling operation that left three dead and five hospitalized.The 40-foot trawler-style vessel with 32 people aboard overturned and broke apart on Sunday near the Point Loma Tide Pools
French shipping company CMA CGM said its 23,000-TEU mega ship CMA CGM Jacques Saade has set a new world record for the highest number of full containers loaded on board a single vessel.The ultra-large containership (ULCS)—the world's largest powered by by liquefied natural gas (LNG)—departed the port of Singapore on Thursday carrying 21,433 full (20-foot equivalent units (TEU) on board
A Bangladeshi woman whose husband died dismantling an oil tanker in a local shipyard was given the green light this week to keep pursuing a claim for compensation from a UK company linked to the vessel in a test case for the shipbreaking industry.Britain’s Court of Appeal threw out a request by London-based shipbroker Maran (UK) Ltd for the negligence case to be dismissed
Nearly four years into their odyssey at sea, the five-member crew of oil tanker MT Iba [ex-Titan Brave] is tantalizingly close to shore, yet still unable to set foot on dry land.Bleary-eyed and wearing tattered clothes, the men are exhausted from an ordeal that has kept them from their families and aboard the 5,000-tonne vessel long after its owner abandoned it in the Gulf.
A containership rescued a boater clinging to the hull of his capsized vessel approximately 86 miles east of Port Canaveral, Fla., Sunday.Stuart Bee departed Cape Marina in Port Canaveral on Friday and was reported missing Saturday after he did not return from his day trip. A marina member contacted watchstanders at Coast Guard Sector Jacksonville at 11:40 a.m.
Norway stopped all cruise ships with more than 100 people on board from disembarking at its ports from Monday, after an outbreak of COVID-19 was reported late last week on a ship that had already disembarked at the port of Tromsoe.At least 41 passengers and crew who were on board the cruise ship MS Roald Amundsen, operated by Norwegian company Hurtigruten
Norwegian cruise line Hurtigruten is halting all its so-called expedition cruises until further notice following an outbreak of COVID-19 on one of its vessels last week, the company said on Monday.At least 41 passengers and crew from the MS Roald Amundsen have so far tested positive for the coronavirus, while hundreds more have been told to self-isolate for 10 days, public health officials said.
At least 40 passengers and crew from a luxury cruise liner have tested positive for COVID-19 and the authorities are still trying to trace a number of passengers from two recent Arctic voyages, public health officials in Norway said on Sunday.Four crew members on the MS Roald Amundsen were hospitalized on Friday when the ship arrived at the port of Tromsoe
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has been awarded a $936 million contract for the construction of an additional Arleigh Burke-class (DDG 51) Flight III destroyer for the U.S. Navy. In 2018, Ingalls was awarded a $5.1 billion fixed-price incentive, multiyear contract for construction of six Arleigh Burke-class Flight III destroyers for the U.S. Navy.
The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 281 points, or about 22.6%, to 1,527, its highest since Dec. 10.