Capesizes the Biggest Earners in China’s New Demand for Coal

The Baltic Exchange’s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, leaped 158 points, or nearly 11%, to 1,606, its highest since Oct. 14, 2020.Continue reading “Capesizes the Biggest Earners in China’s New Demand for Coal”

Three vessels hijacked in the Gulf of Guinea within seven days

Piracy in the Gulf of Guinea continues to skyrocket, with as many as three hijackings taking place in the Gulf within just seven days. The latest in the long list of hijackings in the Togo-flagged bunkering vessel Stelios K As per reports, the ship was boarded and hijacked while it was en route to Lagos. We analyzedContinue reading “Three vessels hijacked in the Gulf of Guinea within seven days”

All Set For Smart Technology on Sea? Research into Marine Battery Health to Support Adoption of New Systems

A new research effort is launching to study maritime battery health as a means of building confidence and support the adoption of hybrid and electrical systems in the shipping industry. While the shipping industry has been slow to adopt battery systems onboard, having a better understanding of the overall health of installed batteries and theContinue reading “All Set For Smart Technology on Sea? Research into Marine Battery Health to Support Adoption of New Systems”

Draft Suvery

Draft Suvery We carry out precise investigations, our team of experts conduct Draft Surveys in coordination with the ship’s crew/ chief officer noting all discrepancies and obtaining accurate data for cargo quantification and accounting. We inspect all spaces that can possibly hide balast. Email us here for a sample of our draft survey. Cranes put in positionContinue reading “Draft Suvery”

The ship that leaked oil into pristine Mauritian waters could break in two. That would be an environmental catastrophe

The Japanese-owned ship, MV Wakashio, ran aground at Pointe d’Esny in late July. A massive clean-up operation has been launched from the shore since oil began leaking on Thursday, with thousands of local volunteers heading to the eastern side of the island nation to help.However some on the ground said Tuesday that new cracks hadContinue reading “The ship that leaked oil into pristine Mauritian waters could break in two. That would be an environmental catastrophe”