Baltic index nudges up, but registers fall for third straight week

The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vessels. The Baltic index rose 14 points, or 1%, to 1,415. However, the index registered a 4.2% weekly loss, marking...

https://www.hellenicshippingnews.com/baltic-index-nudges-up-but-registers-fall-for-third-straight-week/

Drewry: World Container Index Down 0.7% but 107.6% Higher Versus Same Week of 2019

The composite index decreased 0.7% this week, but 107.6% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,894 per 40ft container, which is $434 higher than the five-year average of $1,460 per 40ft container. Drewry’s...

https://www.hellenicshippingnews.com/drewry-world-container-index-down-0-7-but-107-6-higher-versus-same-week-of-2019/

Steering With Artificial Intelligence To Combat Maritime Piracy

Maritime piracy today remains a complex challenge to international law, world trade and the safety and security of seafarers. The International Maritime Organisation (IMO) and other maritime safety advisories publish various counter-piracy guidelines and recommendation to help shipping companies protect their ships against the piracy menace. In reference to the guidelines, while it is essential …

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https://www.hellenicshippingnews.com/steering-with-artificial-intelligence-to-combat-maritime-piracy/

Ocean transport of the first lot of railway coach to Myanmar completed: The first Japanese brand-new coach since its democratization

“K” Line Logistics, Ltd., a subsidiary company of Kawasaki Kisen Kaisha, Ltd. (“K” Line), has been entrusted with the transport business of the Japanese brand-new railway coach to Union of Myanmar, accepted an order by the Japanese original contractor and recently completed its ocean transport with 6 coaches. The “Yangon-Mandalay Railway Improvement Project Phase I”, …

The post Ocean transport of the first lot of railway coach to Myanmar completed: The first Japanese brand-new coach since its...

https://www.hellenicshippingnews.com/ocean-transport-of-the-first-lot-of-railway-coach-to-myanmar-completed-the-first-japanese-brand-new-coach-since-its-democratization/

LNG BUNKER WEEKLY: Japan conducts first ship-to-ship bunkering; GAC, Pilot sign HOA

The Singapore LNG bunker fuel price was assessed at $8.732/MMBtu, maintaining a $1.975/MMBtu spread to the JKM. The JKM for December was assessed at $6.757/ MMBtu. The market backwardation over the December-January period widened on a softer January derivatives market while December remained tight, with physical offers going past the $7/MMBtu mark on lingering supply …

The post LNG BUNKER WEEKLY: Japan conducts first ship-to-ship bunkering; GAC, Pilot sign HOA first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/lng-bunker-weekly-japan-conducts-first-ship-to-ship-bunkering-gac-pilot-sign-hoa/