The Baltic Exchange's main sea freight index rose to its highest in a year on Monday, helped by higher rates for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, climbed 3.2% to 1,991.The capesize index added 176 points, gaining 5.3% to 3,485 - its highest level since May 25, 2022.
Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes at western Australian facilities run by Woodside Energy Group and U.S.
The first vessel that used Ukraine's Black Sea corridor is crossing through Turkey's Bosphorus Strait, a Reuters witness said on Friday.The Hong-Kong-flagged Joseph Schulte container ship that left the Russian-blocked Ukrainian Black Sea port of Odesa earlier this week had been in the port since Feb. 23, 2022, the day before the start of Russia's full-scale invasion of Ukraine.
Britain has removed migrants from a residential barge less than a week after they moved in after Legionella bacteria was found in the water supply, the government said on Friday.Britain had begun moving some migrants on to the large Bibby Stockholm barge on its southern coast at the beginning of the week as part of its high-profile strategy to deter asylum seekers from arriving in the country.
Norwegian offshore vessel owner Solstad Offshore has revealed the expected completion date for its previously agreed sale of 37 platform supply vessels to the U.S. offshore vessel firm Tidewater.Solstad Offshore in March said it would sell 37 PSVs to Tidewater in a move that will mark Solstad Offshore's exit from the platform supply vessel sector.
The Panama Maritime Authority (AMP) said on Tuesday it would continue to clean up its fleet to prevent substandard Panama-flagged ships from being detained in foreign ports, a week after the country was added to an international watch list.Panama's ships registry was last week added to the "grey list" of the Paris Memorandum of Understanding (MOU)
The costs of chartering supertankers to move crude oil from the Middle East to Asia have jumped to the highest since April as more cargoes are being booked in June, according to industry sources and data on Refinitiv Eikon.The rate for a Very Large Crude Carrier (VLCC) from the Middle East to China, Japan and Singapore is assessed at just above worldscale 80 on Thursday
Eastern Shipbuilding Group, Inc. (ESG) on Monday announced the delivery of R.B. Weeks, a 8,550 cubic yard capacity trailing suction hopper dredge constructed for Weeks Marine, Inc.“It’s our pleasure to once again deliver a quality vessel on time and on budget to our valued customers at Weeks Marine, Inc.,” said Joey D’Isernia, president of Eastern Shipbuilding Group, Inc. “The R.B.
Six crew members who were kidnapped by pirates from a Danish-owned ship in the Gulf of Guinea in late March have been rescued from an undisclosed location in Nigeria, the vessel's owner said on Monday.The Liberian-flagged oil and chemical tanker Monjasa Reformer with 16 crew members was hijacked on March 25 by five armed assailants some 140 miles west of the Republic of Congo's Port Pointe-Noire.
A second oil tanker in a week was seized by Iran on Wednesday in Gulf waters, the U.S. Navy said, the latest escalation in a series of seizures or attacks on commercial vessels in Gulf waters since 2019.The Bahrain-based Fifth Fleet of the U.S. Navy said the Panama-flagged oil tanker Niovi was seized by Iran's Islamic Revolutionary Guard Corps Navy (IRGCN) at 0620 local time while passing
U.S. construction materials firm Vulcan Materials Co said on Monday that Mexican security forces illegally took possession last week of its port terminal in southern Mexico, as an extended legal battle over its nearby limestone mining activities plays out.The incident took place last Tuesday night at the terminal in the popular tourist hub of Playa del Carmen
Production at the Benchamas oil field in the Gulf of Thailand was suspended immediately after an accident last week and remains offline, U.S. oil giant Chevron Corp said in a statement on Monday.The announcement comes after an accident last week at an oil storage vessel caused seawater to leak into the vessel's hull, killing one crew member.