Baltic Index Up as Capesizes Halt Losing Streak
The Baltic Exchange's main sea freight index, which tracks rates for ships transporting dry bulk commodities, rose on Thursday as capesize rates gained, snapping a 10-session long losing streak for the vessel segment.* The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 7 points, or 0.5 percent, to touch 1,484 points, marking its first rise in 11 sessions.* The capesize index rose 14 points, or 0.6 percent, to 2,424 points.* Average daily earnings for cap
Aker BP, Maersk Drilling Sign Rig Contract off Norway
Maersk Drilling and Aker BP have signed a one-year contract to deploy the Maersk Integrator jack-up rig off Norway from June 2019, Aker BP said in a statement on Thursday.The contract, based on an alliance created between the two firms and Halliburton in 2017, is based on market-rate terms and holds the possibility of a sizeable upside for all parties, based on actual delivery and performance, it said.Maersk Integrator will finish its current campaign on the Gina Krog field off Norway in June 20
CMA CGM Says It's Ready for More M&A Deals
France's CMA CGM, one of the world's largest container-shipping lines, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd, its chief executive said on Thursday."The shipping sector is consolidating further and if there are opportunities the CMA CGM group ... is able to be in the running for a new deal," Rodolphe Saade told Reuters on the sidelines of a ship launch ceremony at the northern French port of Le Havre.Regarding Hapag-Lloyd…
Five Migrants Found Dead in Spanish Waters
Five migrants drowned and 193 were rescued in the western Mediterranean sea off the Spanish coast, the Spanish coastguard said on Thursday, after six rafts sank.Spain…
MAN Notches Multiple Cruise Orders
MAN Energy Solutions says its cruise business is experiencing a record order-intake. In the first eight months of 2018, the company has won orders to supply seven new cruise ships with engines plus exhaust-gas-treatment systems for scheduled delivery from the end of 2019 to 2022.The orders, which are cumulatively valued close to a three-digit million euro figure, total almost 300 MW of installed power for cruise ships ranging in size from 50…
- 1
- 2
