Samsung Heavy unveils eco-friendly ships, AI tech in Europe
WEBMay 17, 2024 · Samsung Heavy Industries Co., South Korea’s second-largest shipbuilder, showcased new eco-friendly ships and digital vessel technology for net zero in Europe to expand its presence in the region’s carbon-neutral ship market. Samsung held a technology seminar on Wednesday in Athens to unveil new vessels such …
Baltic index steady as gains in capesize offset lower rates for …
WEBMay 1, 2024 · The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, was mostly unchanged on Tuesday as gains in capesize countered weakness in smaller vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged higher to 1,685. The capesize index gained 20 points, or […]
SEACOR Sells Inland Barge Business to Ingram - Shipping Herald
WEBOctober 26, 2023. SEACOR announced it has signed a definitive agreement to sell Inland River Transport Holdings LLC (“SCF”) to Ingram, a division of Nashville-based Ingram Marine Group. “I am extremely pleased to enter this transaction with Ingram, one of the most respected river transportation providers,” said Eric Fabrikant, Chief ...
Dynacom linked to LR1 newbuilding orders in China
WEBJanuary 16, 2024. 0. 7070. George Procopiou-led Dynacom has reportedly placed an order to build six 75,000-dwt LR1 tanker vessels at New Times Shipbuilding. Moreover, it is reported that Dynacom has ordered two LR1 newbuildings at Yangzijiang Shipbuilding. The vessels are slated for delivery in 2026 and 2027, with the cost at USD 53 million each.
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WEBIn a dynamic and ever-changing industry, ShippingHerald.com is a source of information covering every aspect of the shipping business; from tankers, bulkers, boxships or LNG carriers, shipbuilding and market reports to finance, isurance and regulation or the environment. If it’s happening at sea, you’ll read about it here. Featuring ...
Hanwha to acquire Philly Shipyard - Shipping Herald
WEBJun 21, 2024 · Philly Shipyard has entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean (together “Hanwha”), for the purchase of Philly Shipyard, Inc. (“PSI”), the sole operating subsidiary of PHLY (the “Transaction”). The Transaction will result in the Company selling all of its business against receiving a cash consideration of USD 100 million […]
Drewry: World Container Index Down By 3% Last Week
WEBApr 8, 2024 · The composite index decreased by 3% to $2,836 per 40ft container this week and has increased by 66% when compared with the same week last year. The latest Drewry WCI composite index of $2,836 per 40ft container is 100% more than average 2019 (pre-pandemic) rates of $1,420. The average composite …
Iron ore spot freight rates spike 163% to lift capesize earnings
WEBSep 30, 2021 · Spot freight rates for the Brazil to China iron ore trade, reached an all-time-high at USD 108.75 per tonne in June 2008, during the dry bulk shipping super cycle. The increasing spot rates push up earnings on both routes. Time-Charter-Equivalent earnings on the Australia to China trade have risen to USD 66,567 per day for …
Baltic index hits near four-week high as capesize rates jump
WEBAug 23, 2024 · The Baltic Exchange’s dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, rose to its highest in close to four weeks, propelled by gains in the capesize vessels. * The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, added 9 points, or 0.5%, to 1,768 ...
Drewry: Multipurpose Time Charter Index Up by 1.7% Feb
WEBMar 8, 2022 · The Drewry Multipurpose Time Charter Index increased to $10,987 per day in February, representing a rise of 1.7% compared to the 2.2% rise seen in the previous month. Rates were in line with expectations over February, with a slight slowdown in rate growth. That said, Drewry’s Index is up 69% since February 2021.