International Shipping News

Baltic index hits three-week low on weaker capesize, panamax rates

Tue, 13 May 2025 21:00:59 +0000
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a three-week low on Tuesday on lower rates for capesize and panamax vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, fell 24 points, or 1.84%, to 1,280, its lowest ...

Route-Specific Cargo Calculator enhances vessel’s cargo transport capabilities

Tue, 13 May 2025 21:00:58 +0000
Keeping transported breakbulk and project cargo safe during sea transport is the purpose of IMO’s CSS Code. But its requirements are based on the most adverse sea states and are therefore unnecessarily strict for operation in calmer sea regions. DNV has found an answer: an app that ensures cargo safety whilst it enhances stowage possibilities ...

RAD Propulsion’s Nastaran Sadr shortlisted for prestigious Tech Innovator Award

Tue, 13 May 2025 21:00:58 +0000
RAD Propulsion is proud to announce that team member, Nastaran Sadr, has been shortlisted for the “Tech Innovator Award” in the prestigious everywoman in Transport and Logistics Awards 2025. The everywoman in Transport and Logistics Awards celebrates the vital contribution women make to the transport and logistics industries, showcasing talent and determination across the sector. ...

Vale stays fuel, technology agnostic amid sustainable shipping push

Tue, 13 May 2025 21:00:57 +0000
Vale is fuel and technology agnostic in its commitment to cut greenhouse gas emissions from the value chain and support the International Maritime Organization’s decarbonization targets, the Brazilian miner’s Global Director of Shipping and Distribution Rodrigo Bermelho said in an interview. The company has taken several initiatives for sustainable shipping, including its Ecoshipping program. Vale ...

Container shippers win China-US tariff reprieve, await volume rebound

Tue, 13 May 2025 21:00:55 +0000
The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.S. The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% ...

Nor-Shipping 2025 Thought Leader interview – Abdulkareem Al Masabi, Chief Executive Officer, ADNOC Logistics & Services

Tue, 13 May 2025 21:00:55 +0000
Despite the uncertainty gripping world trade, geopolitics and pathways to decarbonisation, UAE headquartered shipping and integrated logistics giant ADNOC Logistics & Services (ADNOC L&S) has plotted a bold, yet measured, course to continued growth. Here Captain Abdulkareem Al Masabi, Chief Executive Officer, outlines the vision behind the ambition, staking the company’s place at the very ...

Asia Fuel Oil: Spot HSFO differential flips back to thin premium

Tue, 13 May 2025 21:00:47 +0000
Spot differential for Asia 380-cst high sulphur fuel oil (HSFO) was back in a thin premium on Tuesday, while market backwardation widened at the prompt months for all key grades. The differential was near parity to cargo quotes in the last trading session, having recovered from discounts previously. Some spot bids for HSFO edged higher ...