Following close on the heels of Cyprus Maritime Week, maritime and commercial procurement company GP General Procurement Company Limited (GenPro) held its annual Blue Day Event in Limassol, Cyprus under the auspices of the Cyprus Shipping Deputy Ministry. The Blue Day and related Green Day events...
Oil freight rates from Russia’s Baltic ports to India are up some 50% since last week as more shipowners quit the market after the first U.S. sanctions on shipowners carrying Russian crude priced above a G7 cap, three sources said on Tuesday. The Group of Seven (G7) countries imposed sanctions in...
Overview High energy prices and aggressive interest rate hikes will lead to slow economic growth in western economies which could potentially spread to Asia. High inflation and monetary measures to combat the higher prices will likely impact consumer sentiment and investment spending. Tight...
https://www.hellenicshippingnews.com/shipping-market-outlook-end-q3-2023-forecast-values/
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, scaled its highest in more than 14 months on Tuesday, aided by a jump in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 86...
https://www.hellenicshippingnews.com/baltic-index-hits-over-14-month-high-on-capesize-gains/
UWL and Swire Shipping are thrilled to announce they have been honored with the Cargo Anchor Award from the Northwest Seaport Alliance (NWSA) for the success of their pioneering ocean freight service, Sun Chief Express, which operates between Seattle and Southeast Asia. The award recognizes...
The environmental conditions off the coast of West Africa place high demands on technical equipment. Heat, humidity and salt water accelerate corrosion, wear of components, and increase material fatigue – making it all the more important to rely on dependable quality and to have a trusted service...
Tears welled up in the eyes of the 40-year-old woman as she expressed gratitude for a surgery that delivered her from excruciating pain. For nearly three years, Rosien Lelekele from the Pacific Island nation of Vanuatu had endured severe agony because of gallstones. Her pain was only partially...
https://www.hellenicshippingnews.com/centuries-later-ships-sail-again-to-save-lives/
Production has begun of Candela’s revolutionary C-8 ‘powered by Polestar’ electric daycruiser, ushering in a new era where electric boats can cover hundreds of miles in a day, with DC charging. Having recently set a 24-hour range record for electric boats with a prototype, the Swedish electric...
Fast Lines Belgium, an Antwerp family owned transport company, started as a ship charterer and evolved into a Total Logistics Provider. At Fast, we call this Sofa Style Service. At the heart of Sofa Style Service are the group’s Short Sea Shipping activities. With its own offices in Belgium,...
https://www.hellenicshippingnews.com/fast-lines-belgium-invests-in-cleaner-and-smarter-ships/
Sedna, a UK-based software company, has today announced a new partnership with Maritime technology company Spot Ship, combining forces to turn email data into action. The agreement will see integration between their technologies – particularly parsing, extracting and enriching data from the emails...