Russia's Mission to the International Maritime Organization has declared that there will be a "humanitarian maritime corridor" in the Black Sea. The Mission wrote to IMO Secretary General Kitack Lim announcing that there would be a 139 mile long, … [Read more...]
SAL MARKETWATCH: dry bulk shipping sector rallies, providing relief to owners and operators
Increasing demand for the carriage of dry bulk overtakes shipping supply in dry markets causing, as any armchair economist could predict, rising freight rates. But it's not a super-surge by any means... Only a few brave souls would have predicted … [Read more...]