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Baltic Index Posts Losses for Fifth Straight Week

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Friday to register its fifth consecutive weekly decline, as softer panamax and supramax rates offset an uptick in capesize demand.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels,

Diana Shipping Fixes Medusa with Cargill

Pic: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa.The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties,

Baltic Index Inches Lower on Weaker Panamax Rates

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Thursday, as lower panamax rates offset a rise in capesize rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point, or 0.1%, at 1,364 points.

CEVA Logistics Opens Marseille HQ

© CMA CGM

On the occasion of his visit to Marseille for the National Industry Council, Prime Minister Edouard Philippe came to inaugurate the new global headquarters of CEVA Logistics, a subsidiary of the CMA CGM Group, with Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group.The Prime Minister was accompanied by Elisabeth Borne,

HHLA Reports 8.3% Growth in Revenue

Pic: © HHLA / Thies Rätzke

Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg’s container terminals, continued its positive performance in the first nine months of 2019.The total revenue was 1.04 billion euros, an increase of 8.3 percent, said the German logistics and transportation company.

DP World, Namibia's Nara Namib Sign MoU

Photo: DP World

Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port operator said the agreement with Namibia’s Nara Namib Free Economic Industrial Zone will support the growth of Namibia as a regional hub for southern Africa.

Baltic Index Snaps 10-day Losing Streak

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday after ten straight sessions of losses as rates for capesize vessels jumped.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was up 9 points, or 0.

10th Annual Maritime Risk Symposium at Suny Maritime

3-Day Event Gathers Industry Leaders to Focus on Risks to the Marine Transportation SystemFrom November 13-15, the 10th annual Maritime Risk Symposium (MRS) will take place at SUNY Maritime College bringing together academics, government, and commercial entities to discuss threats, challenges, and risks

Maersk COO Søren Toft Leaves Company

Chief Operating Officer (COO) Søren Toft has decided to pursue another opportunity outside the company and will leave A.P. Møller - Mærsk A/S effective today. CEO Søren Skou will take on the responsibilities of the COO in the interim.The Executive Board will hereafter consist of Søren Skou,

Baltic Index Falls to Over 4-month Low

	© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the tenth consecutive session on Monday on waning demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 33 points, or 2.

UK Lowers Security Level for its Ships in Strait of Hormuz

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Britain lowered its security risk level for UK-flagged ships travelling through the Strait of Hormuz on Thursday, more than a month after one of its tankers was finally released from detention by Iran.The Stena Impero was seized in July by Iran's Revolutionary Guards in the Strait, a major oil shipping route,

Growth of US Inbound Containers Has Slowed

Source: BIMCO

The accumulated growth rate for US inbound containers has almost been cut in off half from 5.1% in 2018 to 2.6% in August of 2019.Towards the end of 2018, US retailers frontloaded consumer goods ahead of the planned tariff hike in January 2019. While another US tariff hike of 10% on Chinese goods worth USD 160 billion is planned for December 15,

Baltic Index Falls for Eighth Straight Session

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for an eighth straight session on Thursday, weighed down by easing demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 105 points, or 6.

Europort 2019 Begins at Rotterdam Ahoy

Europort 2019

The launch of Europort 2019 at the Rotterdam Ahoy yesterday (November 05) saw well-known journalist Geert Maarse bring four of the leading owners in Europe’s special ship segments to grips with the key challenges facing the maritime industries today and tomorrow. Now in its 39th edition,

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