The Baltic Exchange's dry bulk sea freight index hit its lowest in over five weeks on Thursday, dragged down by declining rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 67 points, or 3.2%, to 2,061 points.The capes

A captain assuming a watch immediately after waking led to a tow striking a lock gate in the Gulf Intracoastal Waterway, the National Transportation Safety Board (NTSB) said in its Marine Investigation Report released Tuesday.On March 22, 2021…

Sarter Marine Towing Company Inc. announced it has agreed upon definitive terms for the sale of Sarter to The Great Lakes Towing Company.Under the deal, The Great Lakes Towing Company purchased Sarter tugboats Donald J. Sarter and William C.

Norwegian offshore vessel owner Solstad Offshore has sold six more vessels, wrapping up its fleet 'right-sizing' plan announced in 2020.As previously reported, back in 2020, Solstad Offshore said that, as part of its restructuring agreement…