News Flash

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Asian seafarer hubs step up to meet decarbonization challenge

Categories: News Flash

Date: May 17, 2023

The steady progress by key seafarer home nations in Asia, such as the Philippines and Indonesia, to...

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South Indian ports fail to attract transshipment business from Colombo

Categories: News Flash

Date: May 16, 2023

The year long economic crisis in Sri Lanka and consequent reduction in business in Colombo port has...

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Progress made in US west coast dockworker discussions

Categories: News Flash

Date: May 16, 2023

The International Longshore and Warehouse Union announced 20April that it reached a tentative ...

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Chinese state-owned firm to build major Sri Lanka port complex

Categories: News Flash

Date: May 16, 2023

A Chinese state-owned firm said on Monday 1 May  it plans to take its investment in Sri L...

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Govt gets 9 EoIs for intl transhipment port in Andamans & Nicobar

Categories: News Flash

Date: May 16, 2023

The ports ministry has received expressions of interest (EOIs) from nine players for the Rs 41,...

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India still a bright spot for LNG in a subdued market

Categories: News Flash

Date: May 16, 2023

The recent drop in the Platts West India marker to a near two-year low, expectations of a ramp-up i...

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Metallurgical coal’s gradual change of guard in spot market influence

Categories: News Flash

Date: May 16, 2023

Shifts in the way a commodity is priced often result from major economic and world events and cokin...

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RINA exceeds 660 million in revenue and presents the strategic plan to 2027

Categories: News Flash

Date: May 16, 2023

The shareholders’ meeting of RINA, the multinational inspection, certification and engineering co...

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Spot premiums stable; latest Al Zour tender underway

Categories: News Flash

Date: May 16, 2023

Spot cash premiums in Asia’s fuel oil market were stable on Monday amid thin trade, while Kuwait...

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Russia’s April seaborne oil product exports down 5% m/m -sources, Reuters calculations

Categories: News Flash

Date: May 16, 2023

Russia’s seaborne oil product exports fell in April by 5% month-on-month on a daily basis, data f...

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Singapore April bunker sales hit three-month high on better prices

Categories: News Flash

Date: May 16, 2023

Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world’s biggest ref...

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US Unlikely To Sanction South Africa In Russia Weapons Dispute

Categories: News Flash

Date: May 15, 2023

South African Finance Minister Enoch Godongwana said his country had resolved a dispute with t...

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Korea Commissions LNG Bunker Vessel with Domestic Containment System

Categories: News Flash

Date: May 15, 2023

South Korea christened its new domestically designed and built liquified natural gas bunker vessel ...

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Asian spot LNG prices fall for third straight week to near 2-yr low

Categories: News Flash

Date: May 15, 2023

Asian spot liquefied natural gas (LNG) prices fell for the third straight week on Friday to the low...

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DIS Recorded Very Strong Consolidated Results In The First Quarter of 2023, With Net Profit Of Us$ 54.1m, Ebitda Of US$ 76.4m

Categories: News Flash

Date: May 15, 2023

The Board of Directors of d’Amico International Shipping S.A. (Borsa Italiana: “DIS”) (he...

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IMO: Preparing for future emerging global health threats

Categories: News Flash

Date: May 15, 2023

IMO is participating in global efforts led by the World Health Organization (WHO) to better prepare...

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HMM joins takeover bid to buy Hyundai LNG Shipping

Categories: News Flash

Date: May 15, 2023

HMM, South Korea’s largest LNG shipping firm, will join a bid to acquire a 100 percent stake in H...

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Record U.S. crude exports, rising shale output boosts oil flow to Houston

Categories: News Flash

Date: May 15, 2023

Oil pipelines from the top U.S. shale field to Houston that have run half empty are filling again a...

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Russia Starts Building Ships for North-South Trade Route to Iran

Categories: News Flash

Date: May 15, 2023

The first block for a new class of Russian domestic containership that is also capable of carrying ...

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Hapag-Lloyd: Higher costs will inevitably push up shipping rates

Categories: News Flash

Date: May 15, 2023

Germany’s Hapag-Lloyd, the world’s fifth-largest shipping line, posted better-than-expected res...

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South East Asia set to enter coal importer big leagues

Categories: News Flash

Date: May 15, 2023

Southeast Asia only accounts for around 12% of global thermal coal imports, so is often overshadowe...

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Iron ore wobbles on China demand concerns, stimulus hopes

Categories: News Flash

Date: May 13, 2023

Iron ore futures fell on Friday, as traders worried about a dim demand outlook in top steel pro...

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India’s April palm oil imports slump 30% to 14-month low

Categories: News Flash

Date: May 13, 2023

India’s palm oil imports in April slumped 30% from a month earlier to hit a 14-month low, as the ...

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COSCO SHIPPING Ports announces that the German Government confirms the approval of the investment by the Company in 24.99% equity interest of Hamburg Port Container Terminal Tollerort

Categories: News Flash

Date: May 13, 2023

COSCO SHIPPING Ports Limited (‘CSPL’ or ‘the Company’) announces that on 10 May, the Ge...

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EXMAR Reports Higher First Quarter Revenues

Categories: News Flash

Date: May 13, 2023

The Executive Committee of EXMAR NV today reports its first quarter results 2023 KEY EVENTS FIRS...

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Baltic Exchange assurance engagement for Ocean Bulk completed by PWC

Categories: News Flash

Date: May 13, 2023

PricewaterhouseCoopers LLP (PwC) have recently completed the third independent assurance audit of B...

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China steps up sampling of soy cargoes, adding to costly delays, traders say

Categories: News Flash

Date: May 13, 2023

China is significantly increasing the rate of inspections on imported soybean cargoes, three soybea...

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Bankrupt Bed Bath & Beyond goes after container shipping lines

Categories: News Flash

Date: May 13, 2023

Bed Bath & Beyond filed for bankruptcy protection on April 23 and is closing all 475 of its...

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VLSFO steady; market awaits fresh tenders from Kuwait’s Al Zour

Categories: News Flash

Date: May 13, 2023

Asia’s very-low sulphur fuel oil (VLSFO) benchmarks held stable on Friday, with activity largely ...

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Panama concludes update of the General Merchant Marine Law

Categories: News Flash

Date: May 13, 2023

The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meeting...

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Box rates not sustainable amid inflation pressure: Hapag-Lloyd

Categories: News Flash

Date: May 13, 2023

Container shipping rates have weakened to a level “not sustainable” for box carriers in the lon...

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Global Ship Lease: Normalization of Rates and Asset Prices Continued During First Quarter of 2023

Categories: News Flash

Date: May 12, 2023

Global Ship Lease, Inc., an owner of containerships, announced today its unaudited results for ...