Congestion a large part of the supply/demand puzzle, says analyst

The summer months of 2022 have seen a “slow-motion collapse” in freight rates for both Dry Bulk Carriers and Containerships, according to Using VesselsValue data, Vivek Srivastava, Senior Trade Flow Analyst at VesselsValue. For bulk carriers the Capesize 54-TCA Index fell from $38,169 per day on...

EU clarifies sanctions on certain Russian cargoes, including coal and fertilizers

On September 19th the EU further amended its FAQS on sanctions against Russia, and in so doing provided a little more clarity on the application of provisions relating to the carriage of certain cargoes from Russia, including coal and other solid fossil fuels, as well as certain types of...

Government help sought by traders as Indian rice shipments stay stuck at ports

A surprise move by India on September 8th to ban exports of broken rice and to impose a 20% duty on exports of various other types resulted in cargo being trapped in Indian ports. Traders have now asked the government for help. At least 20 ships were reported as waiting in Indian ports, looking to…


[Watch] High Traffic Of Ultra Large Container Ships

The List includes:

RTM TASMAN    Bulk Carrier
FIONA      Container Ship
CMA CGM CONCORDE     Container Ship
HMM GARAM      Container Ship
EBONY RAY       Chemical Tanker 
AKRANES      Ro-Ro Cargo
MARY A       Oil/Chemical Tanker
COSCO SHIPPING SOLAR       Container Ship
PRESINGE TRADER     Bulk Carrier
WORLD CREST     Bulk Carrier
BRO NUUK      Oil/Chemical Tanker
GIJON KNUTSEN       Oil Products Tanker

Fire erupts on board ship in Aegean Sea, Salvage Form reportedly signed

A fire broke out in the in engine room of general cargo ship Mona (IMO 9101534) during the evening of September 14th in Aegean sea, off the western coast of Greece’s Chios island. The fire was extinguished by the crew and no injuries were reported. However, the vessel was unable to continue its...

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