The ship manager of the chemical tanker Davide B has made contact with fifteen crew members currently being held hostage by pirates and negotiations are… Weiterlesen »Contact Established with Kidnapped Crew of MT Davide B

(Bloomberg) — Denmark will send a naval vessel to West Africa’s Gulf of Guinea to aid the fight against rampant piracy. The decision follows a… Weiterlesen »Denmark to Send Frigate to Combat Piracy in Gulf of Guinea

By Alex Longley and Alaric Nightingale (Bloomberg) — The market for moving oil across the world’s oceans is currently so bad that owners of the industry’s… Weiterlesen »Supertankers Losing Millions Are a Bullish Vaccine Trade

March 17 (Reuters) – The Baltic Exchange’s main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more… Weiterlesen »Baltic Dry Index Jumps as Panamax Rates Hit Over 10-Year High

(Bloomberg) — Katherine Tai easily won Senate confirmation as U.S. Trade Representative, putting the former congressional staffer at the center of thorny decisions on enforcement… Weiterlesen »Senate Unanimously Confirms Tai as U.S. Trade Representative

By Mike Wackett (The Loadstar) Ocean carriers are becoming increasingly confident that freight rates will remain high for years and are still chartering ships for lengthy periods… Weiterlesen »Containership Charter Market Has Gone ‘Bananas’

By Bloomberg News (Bloomberg) — The world’s biggest makers of shipping containers are scrambling to meet a surge in demand for the metal boxes that shuttle some 90%… Weiterlesen »Shortage of New Shipping Containers Adds to Global Trade Turmoil

by Muyu Xu (Reuters) – China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with… Weiterlesen »China Arrests 11 Ships In Oil Smuggling Ring

By Jonathan Saul and Laura Sanicola (Reuters) – U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another… Weiterlesen »U.S. Refiners Scale Back on Hiring Ships

By Jonathan Saul (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions… Weiterlesen »Japanese Banks Sign The Poseidon Principles