Baltic Dry Index rises 1.2% as capesize rates rebound after three-day fall
Baltic Dry Index rises 1.2% to 2,043 points as capesize index jumps 1.7% to 3,051, driven by iron ore and coal demand in dry bulk shipping.
GTT secures 45 orders in 2025, 25% revenue growth third year running
GTT’s 2025 results show 45 new orders, 25% revenue growth, and 40% EBITDA increase for the third consecutive year, driven by LNG shipping demand.
Spanish LNG Carrier Teak Scrapped in India at $421/Ton After 20 Years
LNG carrier Teak scrapped in India on Feb 18 at $421/ton, totalling $12.5M. Highlights accelerated retirement of first-generation gas ships due to regulations and inefficiency.
Nauta AI Cuts Tariff Claims to Minutes After US Supreme Court Ruling
Nauta’s AI module slashes tariff calculation time from weeks to minutes after US Supreme Court overturns IEEPA duties, enhancing shipper liquidity in maritime logistics.
US Supreme Court Overturns 25% Tariffs Under IEEPA, Easing Maritime Trade Uncertainty
US Supreme Court invalidates 25% tariffs imposed under IEEPA, reducing legal uncertainty for global maritime trade and potentially lowering costs for shippers and logistics operators.
US Navy Eyes Mixed Submarine Fleet for 80% Cost Savings and Littoral Boost
US Navy considers mixed submarine fleet with up to 80% cost savings as nuclear numbers fall to 46 by 2030, using AIP and lithium-ion batteries for enhanced coastal stealth.