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Baltic Index Rises To Over One-Month High On Stronger Capesize Rates
Latest Maritime News
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Baltic Index Rises To Over One-Month High On Stronger Capesize Rates
17 Nov, 2025
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a more-than-one-month high on Monday supported by higher capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 28 points, or 1.3%, to 2,153 points, the highest level ...
Shipping Corp’s new vessel Banglar Progoti set to reach Chattogram on maiden voyage
17 Nov, 2025
Bangladesh Shipping Corporation’s newly added self-financed vessel MV Banglar Progoti set to arrive in Chattogram next week on its maiden voyage, marking a rare bright spot for the once-struggling state-run carrier. MV Banglar Progoti, handed over to BSC on 23 October after construction at China’s Nanyang Shipyard, is expected to anchor at the outer anchorage ...
DNV and WMMF publish guide to support shipowners’ path to net-zero
17 Nov, 2025
The maritime industry is experiencing a period of significant transformation, driven by rapidly evolving regulations, increasing commercial pressure, and a global shift towards reducing greenhouse gas (GHG) emissions. In response, DNV and the World Maritime Merchants Forum (WMMF) ESG team have published a new guide to help shipowners navigate these evolving challenges, an effort supported ...
Japan’s MOL faces geopolitical hurdles for LNG shipping, decarbonization
17 Nov, 2025
Japan’s Mitsui O.S.K Lines is facing more challenges from volatile geopolitics for its LNG shipping business and decarbonization strategies, the shipping group’s president and CEO, Takeshi Hashimoto, said in a recent interview with Platts, part of S&P Global Commodity Insights. The EU sanctioned three of MOL’s LNG tankers for supporting Russia’s energy trade in May, ...
Forwarders leave 3–5% of gross profit on the table, warns OntegosCloud
17 Nov, 2025
While the industry grapples with vessel oversupply, shifting US–China trade dynamics and softening demand, new OntegosCloud research shows freight forwarders are leaving three to five percent of gross profit unclaimed through unbilled fees, underpriced lanes and capacity routing inefficiencies. As forwarders set their 2026 priorities, this matters: too many container ships, uneven demand and geopolitics ...
Surge in EV vehicle transportation exposes gaps in maritime safety rules procurement
17 Nov, 2025
The rapid rise in electric vehicle (EV) shipments is putting new pressure on the maritime industry, exposing critical gaps in safety regulations which the International Maritime Organization (IMO) has yet to address, according to industry experts. High-profile shipboard fires involving EVs, such as those on the Felicity Ace, Morning Midas and the Freemantle Highway, have ...
HSFO, VLSFO cash differentials gain
17 Nov, 2025
Asia’s spot market differentials for key fuel oil grades rose on Monday, with window trades emerging for both higher and lower grades of the fuel. Spot differentials of 380-cst high sulphur fuel oil (HSFO) traded at a discount of $5.60 per ton to cargo quotes, while differentials for very low sulphur fuel oil traded at ...
OSM Thome Limited Group Appoints Tommy Olofsen as Group Managing Director to Lead Next Phase of Growth
17 Nov, 2025
After a long and successful career, Finn Amund Norbye has informed the Board of Directors (“Board”) of OSMT Group (the “OSMT Group”) of his decision to retire from his role as Chief Executive Officer. The Board would like to thank Finn Amund for his contributions to the group, particularly his leadership in the merger of ...
US Workboat Sector Embraces Prescriptive Maintenance Tools To Reduce Costs
17 Nov, 2025
The North American workboat and dredging industry is undergoing a technological shift as vessel operators look to adopt condition-based monitoring (CBM) technologies to optimise machinery performance and better manage rising fuel and maintenance costs. Monitoring the system fuel, lube-oil and water condition, along with machinery vibration and diesel engine performance analyses, is now becoming standard ...
Shipping training strains under pressure, eroding seafarer skills
17 Nov, 2025
Shipping’s training ecosystem is straining under accelerating change, with senior figures warning that operational pressures, shrinking manning levels and a compliance culture are eroding seafarer competence. Although companies acknowledge the need for reform, few agree on how to achieve it. Across interviews for Seafarers magazine, a common thread runs through every conversation: training is too ...
ScanOcean Expands into Finland – Now a Physical Supplier in All Finnish Ports
17 Nov, 2025
ScanOcean is proud to announce the launch of its physical supply operations in Finland. As of today, we are able to deliver marine fuels at all major Finnish ports, with key products including MGO-DMA and very soon a variety of renewable marine fuels. Operations will be managed via our sales desk in Sweden, ensuring streamlined ...
Safety at Sea champions the emotional welfare of seafarers
17 Nov, 2025
The Tristar Group’s Safety at Sea conference in Dubai saw active engagement last November 10 from top diplomats, maritime industry veterans, safety and welfare experts and professional seafarers’ organisations. The event also recorded participation from crew members on board vessels, and maritime workers at Indian seafarer centres in Mumbai and New Delhi, through live streaming. ...
Connectivity On The Move Redefined In Paris By IEC Telecom
17 Nov, 2025
IEC Telecom is gearing up for the Salon des Maires et des Collectivités Locales, taking place in Paris this week, to present the latest addition to its connectivity portfolio. The new solution is designed to empower first responders with dependable, high-speed communication, enhancing the quality of public services across France — particularly in remote and ...
