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Monthly Archives: October 2021

Baltic Dry Index Logs Worst Month Since January 2020

The Baltic Exchange's dry bulk sea freight index eased on Friday and posted its biggest monthly fall since January 2020, hurt by a decline in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and...
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Flow of Goods Through Panama Canal Hits Record

The Panama Canal moved more than a half a billion tonnes of goods over the last year, the canal's top official said on Thursday, marking a record high for the key global waterway as international trade picked up.Ricaurte Vasquez, the Panama Canal Autho...
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Greece Rescues Cargo Ship with 400 Migrants in Distress

Greece mounted a rescue operation on Friday for a cargo ship carrying about 400 migrants after it sent out a distress signal off the island of Crete, the coast guard said.The Greek coast guard quoted passengers as saying the Turkish-flagged vessel had ...
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SAAM Towage Inks Service Deal with Caterpillar Marine

SAAM Towage and Caterpillar Marine signed a global services agreement aiming to help boost the efficiency of the fleet of tugs operated by the Americas towage services provider. This will be accomplished using digital solutions for planned and…
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Navantia Taps Pemamek for Shipbuilding Production Lines

Navantia placed an order for the automated PEMA Panel Lines, Profile Processing Lines and Sub-Block Production Lines, designed to ensure that  Navantia Shipyards will have the latest laser-hybrid-based welding and robotic technology fully integrated to...
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HHI BWMS Earns US Type Approval

The U.S. Coast Guard said it has issued type approval to Hyundai Heavy Industries' HiBallast NF ballast water management system.The type approval is the 45th granted by the USCG's Marine Safety Center, awarded following a detailed review of…
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