shipping industry

Nautilus calls newly-elected gov. to boost maritime sector

Following the elections in the UK, Nautilus International called the newly-elected government to ensure a strong and prosperous British maritime sector post-Brexit by supporting the core objectives set out in its manifesto.  

MHI to sell flagship shipyard in Nagasaki

According to Nikkei, Mitsubishi Heavy Industries, the Japanese conglomerate, is in talks to sell its Koyagi plant, the main one of two located in Nagasaki, to Oshima Shipbuilding, the country’s third-largest shipbuilder based in Saikai, Nagasaki Prefecture.

Aframax rates rise in the Baltic and North Sea basin

Aframax tanker rates have recorded a six-digit territory rise in Europe this week, surpassing the spikes observed in October. Namely, freight levels in the North are taking another leap with a solid upward correction in the Baltic and North Sea basin, according to Fearnleys.

EMSA: 5 strategic priorities for 2020-2024

EMSA launched a report presenting its five-year strategic priorities for 2020-2024, explaining which are the steps to be taken to continue being “the centre of excellence for a safe and sustainable EU maritime sector”.

Oil prices drop in fear of new tariffs on Chinese goods

Oil prices dropped an almost 1% on Wednesday, following a surprise build in the U.S. crude inventories led by  a concern within the trading and analytical communities that a new round of tariffs on Chinese goods might be imposed in the following days.

Baltic index falls for 5th consecutive session

In fact, the Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels that carry dry bulk commodities, dropped 23 points, or 1.5%, to 1,528 points, Reuters reports. Notably, the index fell for a fifth straight session on Tuesday- being weighed down by softer demand for capesize vessels. In particular, the capesize index fell 75 points, or 2.3%, to 3,167 points.

DNV GL signs strategic agreement with CSSC

DNV GL along with China State Shipbuilding Corporation (CSSC) came together and inked an agreement to develop future-proof solutions and competencies related to alternative fuels and environmentally friendly technologies and overall advantage a variety of fields in the shipping industry.  

Watch: India’s four steps to become a shipping force

India is moving towards a development, investing heavily in the expansion of its naval and air power across the Indian Ocean, based on its aspiration to enhance the maritime domain awareness and maritime security and New Delhi’s growing anxieties about Chinese inroads in its strategic backyard.

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