Israel-Hamas War rocket attacks are leading oil tankers to make unusual moves near ports
HAIFA : Oil tankers in the Red Sea are taking unusual actions amid the Israel-Hamas war, shutting off their global tracking transponders — called Automatic Identification Systems (AIS) — in an effort to traverse
Dry Bulk Market – Capesizes on correction mode : Baltic Exchange
LONDON : The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player later in the week, trading remained
Dry Bulk Market: Capesize Market on the Rise : The Baltic Exchange
Capesizes Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East. The Pacific market saw strong activity at the beginning of the week,
Drewry: Dry Bulkers’ earnings potential improved over the past four months
LONDON : The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness caused by rising interest rates, an inflationary
Iran seizes ‘Purity’-an oil tanker, US boosting military presence
TEHRAN : Iran has detained a third tanker in the space of 19 days, as the confrontation over the control of maritime assets in the Persian Gulf heats up.“An Iranian oil tanker, which was
Experts see more opportunities than risks for breakbulk in 2023/24
DEVON (UK) : “In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity increased,” Susan Oatway says when summarising the breakbulk and project cargo year 2022. As a result of that combination,
Samsara Shipping awarded as the “2nd Best Shipping Agent” for the year 2022-23 by Paradip Port Authority
PARADIP : Samsara Group are delighted to share that Samsara Shipping Pvt. Ltd. has been awarded as the “2nd Best Shipping Agent” for the year 2022-23 by Paradip Port Authority at the Annual Awards
PSA Breakbulk launches first Project Cargo Ecosystem in the Port of Antwerp
BELGIUM : PSA Breakbulk officially launched the Port of Antwerp’s first Project Cargo Ecosystem in Belgium on 19 April 2023. The opening event was attended by partners, clients, representatives of the Port of Antwerp-Bruges, and other stakeholders.