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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.
Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates.
Freight rates for very large crude carriers
BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.
Two of the agreements
The largest and most powerful engine from MAN Diesel & Turbo’s portfolio ever designed and built has entered service.
Built by Doosan Engine in Korea and rated at 75,
Overseas Shipholding Group, Inc. (NYSE:OSG) (the “Company” or “OSG”) announced today that it has been approved by the New York Stock Exchange (“NYSE”) to transfer
Grovfjord Mek. Verksted AS (GMV) has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a fish farm support vessel called GMV ZERO.