2021 April 16
Baltic Dry Index scales over 1-year peak
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019...
World Bank urges governments to stop spending on LNG bunkering infrastructure
The World Bank has a new report out this week on decarbonising maritime transport in which it specifically recommends countries pull back from investing in further LNG bunkering infrastructure...
PXGEO buys Vyacheslav Tikhonov vessel from Polarcus
PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus...
Russia closing Kerch Strait for six months
Russia’s Ministry of Defense has reportedly announced it will close the waters leading to the Kerch Strait, which connects the Black Sea and the Sea of Azov, for warships and non-commercial vessels...
2021 April 27
The Suez crisis showed the dependence of the global trade on reliable sea routes. Although the Northern Sea Route cannot become a comprehensive alternative to the Suez Canal, Russia’s Arctic logistics can nevertheless play a key role in export and short-sea traffic. Its development will be facilitated by infrastructure loans and other state support measures.
Aiming at the North