The COVID-19 pandemic has pulled together a variety of factors that have brought the opportunities of artificial intelligence (AI) and machine learning (ML) into sharp focus across the board. Authored by James Fanshawe CBE AFNI, Chairman of the UK’s Maritime Autonomous Systems Regulatory Working...
International Shipping News
Baltic index momentum continues, hits highest in over a decade
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, jumped to its highest in over a decade on Monday, powered by rising demand across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize...
https://www.hellenicshippingnews.com/baltic-index-momentum-continues-hits-highest-in-over-a-decade/
Container shipping woes unlikely to ease before mid-2022 as global trade enters peak season
Shipping container rates are continuing to skyrocket, and as ocean trade approaches its peak season, some market participants think the situation is likely to linger until mid-2022. “This is not going away tomorrow, not the next quarter,” said Eytan Buchman, chief marketing officer at online freight shipping marketplace and platform provider Freightos. “I think the …
The post Container shipping woes unlikely to ease before mid-2022 as global trade enters peak season first appeared on Hellenic...
BDRY at Highest Price Since Late June
The Breakwave Dry Bulk Shipping ETF (BDRY) finished last week up by 5% as dry bulk FFA values increased further. The ETF ended last week at its highest weekly close since late June. BDRY and FFA values rose last week primarily as spot freight rates in the dry bulk market have continued to rise (to …
https://www.hellenicshippingnews.com/bdry-at-highest-price-since-late-june/
Bragar Eagel & Squire, P.C. is Investigating Höegh LNG Partners LP on Behalf of Höegh Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Höegh LNG Partners LP (“Höegh” or the “Company”) (NYSE: HMLP) on behalf of Höegh stockholders. Our investigation concerns whether Höegh has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in …
MABUX: Global bunker prices may turn into slight downward trend on Aug.16
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) showed irregular changes on Aug.13: 380 HSFO – USD/MT – 448.89 (+1.47) VLSFO – USD/MT – 541.96 (-5.79) MGO – USD/MT – 637.17 (+0.03) The MABUX ARA LNG Bunker Index, calculated as the average …
Infinity Maritime unveils advisory board of world-leading maritime leaders and thinkers
Infinity Maritime, the first platform to provide alternative maritime finance through digitisation enabling fractional ownership of commercial ships including tankers, bulkers and boxships, has announced the establishment of its initial advisory board to support its founders shape the future of maritime finance. Bringing expertise from ship owning, Class, ESG, academia and the maritime services sector, …
The post Infinity Maritime unveils advisory board of world-leading maritime leaders and...
SEACOR Holdings Inc. Announces Acquisition of U.S. Shipping Corp
SEACOR Holdings Inc. announced today the completion of its acquisition of U.S. Shipping Corp (“USSC”), a privately owned, leading provider of long-haul marine transportation for chemical and petroleum cargoes in the U.S. coastwise trade, operating under the Jones Act. The transaction closed on...
https://www.hellenicshippingnews.com/seacor-holdings-inc-announces-acquisition-of-u-s-shipping-corp/
Tanker Market Still Reeling Under Pressure
VLCC The diabolical market continues with rates in the Middle East for 280,000mt to US Gulf (routing via the Cape/Cape) in the WS18-18.5 region while 270,000mt to China is valued at the WS31 level (showing a round-trip TCE of $-4,200/day). In the Atlantic, rates for 260,000mt West Africa to China...
https://www.hellenicshippingnews.com/tanker-market-still-reeling-under-pressure/
Gulf Navigation posts Dh79 million net profit in H1
Gulf Navigation Holding on Saturday reported a net profit of Dh79 million for first half of 2021 compared to a net loss of Dh51 million in the same period last year. In a statement, the Dubai Financial Market-listed maritime and shipping company, said its operating revenue reached Dh62 million...
https://www.hellenicshippingnews.com/gulf-navigation-posts-dh79-million-net-profit-in-h1/