NYK merges three subsidiaries
JAPAN’s NYK Group is bringing together three subsidiary companies in the shipping and shipmanagement sphere under the name NYK Bulkships Partners. The amalgamation will take...
Baltic Exchange Weekly Report - 11 April 2025
The Baltic Dry Index has seen another fall this week, landing at 1274 for the week of 11th April. Capesize The Capesize market faced headwinds this week, with broader...
NYK to receive dual-fuel methanol VLCC
NIPPON Yusen Kaisha (NYK Line) has announced it has concluded a contract for the construction and charter of a very large crude oil carrier (VLCC) equipped with a main engine that...
Victoire towed to safety
THE powerless LPG tanker VICTOIRE is safely at anchor in Twofold Bay, Eden after almost a week adrift off South East Australia. The Geogas vessel was towed from a position...
bound4blue installs “world’s largest” suction sails
SPANISH wind sail developer bound4blue has announced the installation of the “world’s largest” suction sails, with four 26-meter high eSAILs fitted to Atlantic Orchard. The...
Fouled tug will return to Victoire
THE LPG tanker Victoire, which suffered engine failure in Bass Strait on Friday [4 April] remains adrift off south-east Australia but is in no danger, AMSA says. DCN understands...
Viterra hails India-Aus tariff reduction with SA lentils
AGRICULTURAL product buyer and exporter Viterra Australia has announced the first vessel to enter India under a 50% tariff reduction was a Viterra vessel loaded with Australian...
LPG tanker Victoire breaks down in Bass Strait
The LPG tanker Victoire has broken down in Bass Strait and is drifting north-east but currently not at risk. The Australian Maritime Safety Authority confirmed that about 1600 on...
No dedicated lookouts on collision vessels
THE INTERIM report of the UK’s Marine Accident Investigation Branch into the 10 March collision between containership Solong and tanker Stena Immaculate has revealed neither...
Baltic Exchange Weekly Report - 4 April 2025
THE BALTIC Dry Index has fallen again during the week, landing at 1489 on Friday 4th April. Capesize The Capesize market started the week slowly due to the Hari Raya Puasa holiday...
Zespri cooking on all burners
NEW Zealand kiwifruit exporter Zespri and conventional reefer vessel specialist Fresh Carriers Co have completed the first ever biofuel kiwifruit charter, powered by a...
Rio buys WA-made railcars for Pilbara mines
THE FIRST of 100 locally made iron ore railcar wagons has been built for iron ore giant Rio Tinto’s Pilbara operations. Built by Gemco Rail at its Forrestfield premises in the...
Baltic Exchange launches marine fuel equivalence converter
BALTIC Exchange has launched the maritime industry’s first-ever Fuel Equivalence Converter, intended to simplify the commercial and operational impact assessments of alternative...
NYK completes ENEOS fleet acquisition
NYK’s agreement to take over all of compatriot ENEOS Ocean Corporation’s shipping business, with the exception of its crude-oil tanker business, took effect yesterday [1 April]....
Townsville trade drops in February
CONTAINER throughput at the Port of Townsville for February was down on January’s numbers, according to the latest available trade statistics from the port. Through the month, a...
