The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Monday on the back of higher capesize rates.The index,

At least 65 oil tankers have dropped anchor at multiple locations, including off the coasts of China and Russia, since the United States announced a new sanctions package on Jan. 10, ship

Swedish-headquartered energy company Vattenfall has selected France’s Louis Dreyfus Armateurs (LDA) to build, own, and operate up to three Service Operation Vessels under long-term contracts. LDA was selected following a complex and

A new offshore patrol vessel ordered by France’s Directorate General for Maritime Affairs, Fisheries and Aquaculture(DGAMPA) will combine an innovative wind-assisted propulsion solution with a diesel-electric hybrid propulsion system with IMO TIER

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), reports that it has received purchase orders from Austal USA covering the supply of critical equipment for the U.S. Navy’s

The average number of vessels that passed through the Panama Canal in December increased to 34.2 per day, according to a notice from its authority seen on Monday, but the waterway did