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The U.S. Transportation Department on Friday said it reached an agreement with Baltimore County to revise an $8.26 million grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo.Repurposing the funds will allow a boost in cargo to Sparrows Point at the Port of Baltimore…
https://www.marinelink.com/news/baltimore-grant-boost-cargo-shipments-512769
https://www.marinelink.com/news/baltimore-grant-boost-cargo-shipments-512769The Baltic Exchange's dry bulk sea freight index fell on Friday to log its third straight weekly decline, weighed down by a dip in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels…
https://www.marinelink.com/news/baltic-dry-index-falls-third-week-512770
https://www.marinelink.com/news/baltic-dry-index-falls-third-week-512770The U.S. Federal Maritime Commission (FMC) on Friday issued a notice reminding regulated entities that all statutes administered by the agency remain in effect while disruption to regular service at the Port of Baltimore is causing many shippers…
https://www.marinelink.com/news/fmc-statutes-regulations-full-effect-512771
https://www.marinelink.com/news/fmc-statutes-regulations-full-effect-512771Unified Command dive teams have recovered the body of a missing person at the Key Bridge incident site in Baltimore.The recovered individual was identified as 38-year-old Maynor Yasir Suazo-Sandoval.Unified Command salvage dive teams located…
https://www.marinelink.com/news/divers-recover-body-baltimore-512772
https://www.marinelink.com/news/divers-recover-body-baltimore-512772Sagitta Marine Managing Director Thomas Zaidman thinks the Handysize and Supramax segments could see positive fortunes for the balance of 2024 thanks to firm demand and lingering market risks. He told the recent Marine Money Panama conference that in the smaller ship space this year he expects to see “volatility due to political risk, together ...
https://www.hellenicshippingnews.com/sagitta-marine-forecasts-volatility-and-opportunity-for-small-bulker-sector/
https://www.hellenicshippingnews.com/sagitta-marine-forecasts-volatility-and-opportunity-for-small-bulker-sector/The Baltic Exchange’s main sea freight index dropped to a one-month low on Tuesday, dragged down by weakness across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 134 points, or 6.3%, to 1,989 points, its lowest level since Feb. 27. The capesize index lost ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-one-month-low-as-rates-drop-for-all-segments/
https://www.hellenicshippingnews.com/baltic-index-hits-near-one-month-low-as-rates-drop-for-all-segments/South Africa, one of the major exporters of iron ore, managed to halt the decline of the past few years, during the course of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased ...
https://www.hellenicshippingnews.com/south-africas-iron-ore-exports-stabilized-in-2023/
https://www.hellenicshippingnews.com/south-africas-iron-ore-exports-stabilized-in-2023/Iron ore futures prices extended losses on Wednesday to their lowest levels in more than one week, pressured by persistent concerns about demand in top consumer China amid a lack of significant policy measures to boost steel uptake. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.53% lower ...
https://www.hellenicshippingnews.com/iron-ore-slides-to-over-one-week-low-on-lingering-china-demand-concerns/
https://www.hellenicshippingnews.com/iron-ore-slides-to-over-one-week-low-on-lingering-china-demand-concerns/China reduced its intake of Russian coal during the first quarter of the year, while Australia saw a surge in its export volume compared to the previous year’s lows, particularly noticeable in the January to March period. In the closing days of March, there has been a discernible softening of momentum in the Capesize Brazil ...
https://www.hellenicshippingnews.com/dry-bulk-coal-flows-to-china-saw-an-increase-in-australian-coal-as-opposed-to-russian-coal/
https://www.hellenicshippingnews.com/dry-bulk-coal-flows-to-china-saw-an-increase-in-australian-coal-as-opposed-to-russian-coal/The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the seventh consecutive session to its lowest levels in more than a month, hurt by declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 144 points, or 7.2%, to ...
https://www.hellenicshippingnews.com/baltic-index-slides-for-seventh-straight-sessions/
https://www.hellenicshippingnews.com/baltic-index-slides-for-seventh-straight-sessions/