News Flash
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...
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...
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 ...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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 ...
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...
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...
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 ...