Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 69 points, or 2.1%, at 3,324, its highest level since June 2010The capesize index edged up 34 points, or 0.9%, to 4,021.
“I hold no branch in higher esteem, than the Merchant Marine…”That is a quote from General Douglas MacArthur, Supreme Allied Commander of the Pacific in WWII. That one sentence sums up National Maritime Day. Inasmuch if it were not for our glorious Merchant Marine and maritime industry, we may not even have been a nation at all.
The Unified Command, consisting of the U.S. Coast Guard, the State of California, Resolve Marine and Witt O'Briens said Sunday it was coordinating the safe transit of a containership 80 miles southwest of Big Sur to the Port of Oakland, Calif. after the ship had reported an engine fire on Friday.
Four people were killed and more than two dozen injured on Sunday when a boat suspected of attempting to smuggle migrants into California broke apart off Cabrillo National Monument at San Diego's rugged Point Loma, the U.S. Coast Guard said.The initial call arrived just before 10 a.m. (1700 GMT) and prompted a large emergency response, including the U.S.
The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, or 0.7%, to 2,808, a high since September 2010.
The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or 1.4%, to 2,788, its highest since September 2010.The main index firmed 16.
Offshore wind (OSW) energy is a new focus for the U.S. under President Biden, who highlighted it in his January 27, 2021 Executive Order on climate. Since then, there have been several new supporting developments:Rulings by the Customs and Border Patrol (CBP);Announcement that workers in Alabama and West Virginia are supplying 10
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019.The capesize index gained 37 points, or 1.
The Suez Canal stepped up efforts on Friday to free a giant container ship blocking the vital trade waterway that has sent shipping rates for oil product tankers soaring and disrupted the global supply chains for everything from grains to baby clothes.Shipping rates for oil product tankers have nearly doubled after the 400 meter long Ever Given, almost as long as the Empire State Building is high
The Baltic Exchange's main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 38 points, or 1.7%, to 2,319, its highest since September 2019.
Australian officials were evacuating workers from a Kuwaiti-flagged livestock ship docked off the country’s west coast on Tuesday after at least half the 52 crew tested positive for COVID-19.The cluster of cases is the fourth outbreak detected onboard a ship arriving at a Western Australia port over the last month, in a state that has otherwise been free of the coronavirus for weeks.
A United Nations team will have to wait several weeks to access a deteriorating tanker off Yemen's shore that is threatening to spill 1.1 million barrels of crude oil in the Red Sea, two U.N. sources told Reuters.The United Nations has warned that the Safer, stranded since 2015, could spill four times as much oil as the 1989 Exxon Valdez disaster near Alaska