News Flash
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...
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 & ...
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 ...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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-...
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 ...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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) ...