Baltic Dry Index Up as Panamax Rates Climb
The Baltic Exchange's main sea freight index extended gains on Thursday as rates for the panamax vessel segment rose for the sixth straight session.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 45 points, or about 4%, at 1,178, a two-week high.The capesize index fell for the third consecutive session, losing 4 points, or about 0.6%, to 652.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal an
Q&A: Growing Blue Economy Opportunities for US Exporters in Canada
Canada is one of 20 markets to be featured at the Discover Global Markets: The Blue Economy export forum September 20-22, 2022The growing demand for marine technologies is generating new export possibilities for U.S. companies. To help American businesses pursue these opportunities, the Department of Commerce’s International Trade Administration (ITA) is hosting Discover Global Markets: The Blue Economy, in Providence, Rhode Island, Sept. 20-22, 2022. Based at the U.S.
Marlink and OneWeb to Trial of LEO Maritime Connectivity Service
Network solutions company Marlink and space-based communications company OneWeb announced plans to conduct the first at-sea trial of OneWeb’s Low Earth Orbit (LEO) maritime service.The initial integration and evaluation will take place at Marlink’s Eik teleport (Norway), with installation and on-vessel trial scheduled for the fourth quarter of 2022. This represents the first at-sea maritime trial on…
Stiesdal, Maersk Offer Floating Wind Services
Denmark's Maersk Supply Service and renewable energy pioneer Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to this fast…
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