News Flash

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MOL and Mitsubishi Gas Chemical Sign Basic Agreement on Long-term Charter for Newbuilding Dual-fuel Methanol Carrier

Categories: News Flash

Date: May 20, 2023

Mitsui O.S.K. Lines, Ltd. Friday announced the signing of basic agreement with Mitsubishi Gas C...

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LR, SDARI and MAN ES join forces on ammonia dual-fuel containership for MSC

Categories: News Flash

Date: May 20, 2023

Lloyd’s Register (LR), Mediterranean Shipping Company (MSC), Shanghai Merchant Ship Design & ...

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U.S. West Coast ports regain lost volume as competitive pressure mounts

Categories: News Flash

Date: May 20, 2023

Some U.S. importers who shifted cargo away from West Coast ports to rival gateways over fears that ...

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ADB warns China it risks wasting money on state-led growth

Categories: News Flash

Date: May 19, 2023

China needs to level the playing field between private and state owned firms, the Asian Development...

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Is India the new China?

Categories: News Flash

Date: May 19, 2023

With over 1.4 billion people, India officially became the world’s most populous nation in April t...

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AD Ports Group and Karachi Port Trust (KPT) Sign a Strategic MoU to Develop Advanced Port and Terminal Infrastructure in Karachi Port

Categories: News Flash

Date: May 19, 2023

A senior delegation from United Arab Emirates (UAE) visited Karachi and met with H.E. Faisal Sabzwa...

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Stream Marine Group celebrates importance of diversity and equality on IMO’s International Day for Women in Maritime

Categories: News Flash

Date: May 19, 2023

Leading safety training provider Stream Marine Group (SMG) will be shining a spotlight on encouragi...

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New Collaboration to Improve Leadership at Sea

Categories: News Flash

Date: May 19, 2023

The Nautical Institute is delighted to announce a new collaboration with The Seafarers’ Charity t...

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Russia and Iran sign rail deal for corridor intended to rival Suez Canal

Categories: News Flash

Date: May 19, 2023

Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi on Wednesday oversaw, vi...

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Saudi Arabia crude exports edge higher in March

Categories: News Flash

Date: May 19, 2023

Saudi Arabia’s crude oil exports rose marginally in March from the previous month, data from the ...

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MABUX: Bunker Prices Could Retreat Further Next Week

Categories: News Flash

Date: May 19, 2023

In Week 20, the global MABUX bunker indices declined moderately. The 380 HSFO index dropped by 1.48...

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US, UK, others seek to target illicit oil shipping transfers at sea

Categories: News Flash

Date: May 19, 2023

The U.S., UK, Denmark and other countries have called for more action, including increased surveill...

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Women in Maritime day: networks for gender equality

Categories: News Flash

Date: May 19, 2023

The second International Day for Women in Maritime, on 18 May 2023, seeks to highlight the importan...

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MSC Aurelia Concludes Its Humanitarian Mission, Captain Given Recognition Award

Categories: News Flash

Date: May 18, 2023

After a pair of earthquakes in southeastern Turkey caused extensive destruction and left millions o...

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Chinese Fishing Vessel Capsizes In Indian Ocean, 39 Missing

Categories: News Flash

Date: May 18, 2023

About 39 seamen, including five Filipinos, have been missing since their Chinese fishing vessel sub...

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More liner newcomers quit long-haul box lanes as rates tumble

Categories: News Flash

Date: May 18, 2023

According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker Chi...

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MSC and CMA CGM Out in Front in Box Fleet-Building Race

Categories: News Flash

Date: May 18, 2023

MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-...

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BIMCO Predicts Unprecedented Surge in Ship Recycling

Categories: News Flash

Date: May 18, 2023

The global maritime industry is set to witness an extraordinary surge in ship recycling activities ...

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Multinational Search for 39 Missing Crew on Capsized Chinese Longliner

Categories: News Flash

Date: May 18, 2023

A multinational search is underway in the Indian Ocean for the crew of a Chinese longliner that cap...

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US supply chain woes shift and persist in 2023

Categories: News Flash

Date: May 18, 2023

The U.S. supply chain is healing from early pandemic shocks that sent shipping costs sky rocketing ...

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Greece’s Alexandroupolis port gets $26 million EU funding

Categories: News Flash

Date: May 18, 2023

Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern...

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HSFO eases; Fujairah inventories at six-month high

Categories: News Flash

Date: May 18, 2023

Asia’s high sulphur fuel oil (HSFO) market softened on Wednesday, weighed by higher incoming supp...

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bound4blue and Oceanking team up to offer innovative wind-assisted propulsion technology in Greece and Cyprus

Categories: News Flash

Date: May 18, 2023

bound4blue and Oceanking have announced a partnership to jointly expand access to the eSAIL technol...

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COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship

Categories: News Flash

Date: May 17, 2023

On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric con...

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Maritime industry called to embrace a robust safety culture to successfully tackle transformations

Categories: News Flash

Date: May 17, 2023

A new report from DNV and Lloyd’s List Intelligence, “Maritime safety trends 2012-2022: Advanci...

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NYK Concludes Long-Term Charter Agreement for Four New LNG Carriers with German Energy Giant EnBW

Categories: News Flash

Date: May 17, 2023

NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with E...

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Wrist delivers strong financial result and continues its ambitious M&A strategy

Categories: News Flash

Date: May 17, 2023

The world’s leading marine supplier of provisions and stores, Wrist came out of 2022 with a stron...

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Korea’s largest container shipper HMM suffers steep sales losses in Q1

Categories: News Flash

Date: May 17, 2023

HMM, Korea’s largest container shipper, suffered a steep decline in sales and profits in the firs...

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VLSFO premium edges up on stronger bids; Western supplies dip

Categories: News Flash

Date: May 17, 2023

Asia’s spot cash premium for very low sulphur fuel oil (VLSFO) climbed on Tuesday amid firmer...

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ENGINE: East of Suez Bunker Fuel Availability Outlook

Categories: News Flash

Date: May 17, 2023

HSFO and VLSFO availability is tight in Singapore. Recommended lead times for both grades are about...

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Tanker market demand compels owners to rely on more frequent assessments of cargo pump systems

Categories: News Flash

Date: May 17, 2023

With experts predicting the tanker market will see strong growth for years, tanker owners are relyi...

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Port Hedland Iron Ore Exports Down 5% in April

Categories: News Flash

Date: May 17, 2023

Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) ...