Baltic index hits over 3-month high on firm rates for larger vessels

The Baltic Exchange’s main dry bulk sea freight index .BADI hit its highest in more than three months on Wednesday, powered mostly by gains in the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels rose 55 points, or 4.5%, to 1,290,...

https://www.hellenicshippingnews.com/baltic-index-hits-over-3-month-high-on-firm-rates-for-larger-vessels/

NYK Group and Norwegian maritime IT company hosted an event Collaboration with partner companies as a driving force for innovation

On September 11, NYK Group’s MTI and NYK Group Europe Ltd. (“NGE”) and a Norwegian technology provider Dualog* co-hosted an engaging panel discussion event titled “Collaboration @ Sea – Driven by Innovation” during the esteemed London International Shipping Week 2023**. The event attracted a...

https://www.hellenicshippingnews.com/nyk-group-and-norwegian-maritime-it-company-hosted-an-event-collaboration-with-partner-companies-as-a-driving-force-for-innovation/

World’s first IGF Code training and competency provider Stream Marine Technical holds official launch at London International Shipping Week

‘London International Shipping Week 2023 (LISW23) is one of the world’s biggest fact-finding weeks as we begin the countdown to transitioning to decarbonisation’, said CEO of Stream Marine Group Martin White as he launched his alternative fuels consultancy at an exclusive event. The drinks...

https://www.hellenicshippingnews.com/worlds-first-igf-code-training-and-competency-provider-stream-marine-technical-holds-official-launch-at-london-international-shipping-week/

Industry Leaders Explore Global Energy Transition at 4TH Annual ABS Sustainability Summit

“There is a significant amount of work to be done between now and 2050 if we hope to hit net zero on carbon emissions. But our research shows it can be done and maps out a pathway for the industry to get there. It connects the macro industry calculus for net zero by 2050 with …

https://www.hellenicshippingnews.com/industry-leaders-explore-global-energy-transition-at-4th-annual-abs-sustainability-summit/

Ship Spares Logistics (SSL) and Global Transport Solutions (GTS) join forces, creating a marine logistics powerhouse in the Netherlands

GTS, a logistics service provider specialized in supply chain solutions for the maritime industry (through the brand Marinetrans), has acquired SSL (formerly part of Burando Maritime Services), a marine logistics specialist providing barge deliveries, warehouse consolidation and freight forwarding...

https://www.hellenicshippingnews.com/ship-spares-logistics-ssl-and-global-transport-solutions-gts-join-forces-creating-a-marine-logistics-powerhouse-in-the-netherlands/

FET Subsea Technologies Launches New ROV Tooling Rental Offering

Forum Energy Technologies (FET) has introduced a new tooling rental offering for remotely operated vehicles (ROVs) in response to the changing demands of the subsea sector. With increasing ROV asset investment across hydrocarbon and offshore renewable energy, as well as defence sectors, FET’s new...

https://www.hellenicshippingnews.com/fet-subsea-technologies-launches-new-rov-tooling-rental-offering/

Don’t be reactive: complacency warning over skills and recruitment at ISSS

The shipping industry cannot afford to be complacent when it comes to skills, recruitment and retention of seafarers – this was the warning from speakers at the International Shipowning and Shipmanagement Summit (ISSS) on the opening day of London International Shipping Week. The ISSS webinar,...

https://www.hellenicshippingnews.com/dont-be-reactive-complacency-warning-over-skills-and-recruitment-at-isss/

Drewry: Multipurpose Time Charter Index Expected to Decline Further in September

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include breakbulk and project cargo ships. The Drewry Multipurpose Time Charter Index is above our...

https://www.hellenicshippingnews.com/drewry-multipurpose-time-charter-index-expected-to-decline-further-in-september/

Receding Mississippi water levels a concern for US soybean, corn farmers ahead of harvest season

The Mississippi River, which carries nearly half of US agricultural exports, has been steadily receding, stoking fears of food supply disruptions in the marketing year 2023-24 (September-August). Amid lower-than-normal snowfall in the northwestern parts of the US last winter, followed by severe dry...

https://www.hellenicshippingnews.com/receding-mississippi-water-levels-a-concern-for-us-soybean-corn-farmers-ahead-of-harvest-season/

Shipping must improve forecasting and not allow ‘uncertainty to delay action’

The maritime industry must improve its forecasting to prepare for a range of possible futures, according to its leading classification society. Lloyd’s Register and Lloyd’s Register Foundation have called on shipowners and other supply chain stakeholders to increase their ability to deal with...

https://www.hellenicshippingnews.com/shipping-must-improve-forecasting-and-not-allow-uncertainty-to-delay-action/

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