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Monthly Archives: June 2020

Baltic Index Sees Best Month on Record

The Baltic Exchange's main sea freight index edged higher on Tuesday, helped by gains in supramax and panamax vessel rates, and marked its best month on record.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflect...
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Shipbuilders Council of America Honors Buzby

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today honored Maritime Administration (MARAD) Administrator Mark H. Buzby with the SCA Maritime Leadership Award during this year’s virtual adv...
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North Completes Integration of Sunderland Marine

North P&I Club announced it has completed the integration of the Sunderland Marine Insurance Company Limited business into parent company The North of England Protecting and Indemnity Association Limited.The formal transfer of business, which takes eff...
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The Little Bender That Could

Okay it’s not that little – it can bend up to 220 metric tons (240 US tons).But in the larger scheme of the U.S. economy, security and infrastructure; or of the country’s maritime competitiveness; or even the financial health of the Dakota Creek Indust...
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Svitzer Europe Names Karlsen COO

Kasper Karlsen, Senior Director at Maersk Drilling, will join Svitzer Europe as Chief Operating Officer from 1 July 2020, the company has announced today.Karlsen joins Svitzer Europe as COO after nearly 13 years with Maersk Drilling, where he…
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COSCO Orders Three LNG Carriers at Hudong-Zhonghua

Hudong-Zhonghua Shipbuilding Co, a unit of China State Shipbuilding Corp, has signed contract to construct three liquefied natural gas (LNG) carriers worth 3.9 billion yuan ($551.62 million), reported the state-backed Jiefang Daily on Tuesday.The LNG c...
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