At the Sustainable Blue Economy Investment Forum in Cascais, Portugal, a special UN Ocean Conference event, more than 150 major companies have signaled their commitment to a healthy ocean by signing onto the UN Global Compact Sustainable Ocean Principles.
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest in more than two months on Tuesday amid a fall in rates across segments. * The overall index, factoring rates for capesize, panamax, and supramax shipping vessels, fell 91 points, or almost 4%, to 2,204 points, its lowest since April 20.
The Baltic Exchange's main sea freight index hit a near two-week low on Monday, hurt by lower rates across vessel segments. * The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was down 36 points, or 1.5%, at 2,295 points, its lowest since June 14. * The capesize index lost 64 points, or 2.7%, at 2,332 points.
The Baltic Exchange's main sea freight index fell on Friday and registered a weekly fall, pressured by a drop in rates across vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 23 points, or about 1%, to 2,331. * The index was down 9.6% for the week. * The capesize index lost 23 points, or 1%, to 2,396.
The Baltic Exchange's main sea freight index edged up on Thursday, as stronger rates for capesize vessels overshadowed declines in the panamax and supramax segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 5 points, or 0.2%, to 2,354. * The capesize index added 76 points, or 3.24%, to 2,419.
The Baltic Exchange's main sea freight index fell on Wednesday, pressured by a dip in the capesize and panamax segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, lost 135 points, or 5.4%, to 2,349. * The capesize index dipped 367 points, or 13.5%, to 2,343.
Enviva Inc. (EVA) today provided a business update in advance of planned investor meetings that included the reaffirmation of full-year 2022 financial guidance, preliminary expectations for second-quarter 2022 adjusted EBITDA, and the announcement of a new European contract. This press release features multimedia.
The Baltic Exchange's main sea freight index fell on Tuesday, snapping a five-day winning streak, pressured by a fall in the capesize and panamax segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, dipped 112 points, or 4.3%, to 2,484. * The capesize index lost 321 points, or 10.6%, to 2,710.
* Old container ships sold and chartered at record prices. * Bumper long-term charters lock in costs for consumers. * High shipping costs driving up inflation worldwide. * Wave of huge new container ships due in next two years. By Joe Brock. Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come.
The Baltic Exchange's main sea freight index gained to its highest in nearly three weeks on Monday, helped by an uptick in capesize and panamax vessel rates. * The overall index, which factors in rates for capesize, panamax and supramax vessels, added 18 points, or 0.7%, to 2,596, a peak since June 1. * The capesize index gained 44 points, or 1.47%, to 3,031, the highest since May 26.
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