News Flash
US response under watch for shipping after tanker seizure by Iran
Categories: News Flash
Date: May 04, 2023
Washington’s response to the recent seizure of a US-bound oil tanker by Tehran will determine whe...
Ships to be retrofitted with carbon capture and other innovative technologies to reduce CO2 emissions and fuel consumption
Categories: News Flash
Date: May 04, 2023
A joint UK-EU project to develop retrofit carbon capture solutions and other technologies for ships...
Liner supply falls as operators reduce average sailing speed by 4%
Categories: News Flash
Date: May 04, 2023
During the COVID-19 pandemic, liner operators increased the average sailing speed by up to 4% due t...
Asia’s LNG imports slip as soft China, Japan outweigh stronger India
Categories: News Flash
Date: May 04, 2023
Asia’s imports of liquefied natural gas (LNG) fell in April as major buyers China and Japan trimm...
Baltic index ticks up on jump in capesize rates
Categories: News Flash
Date: May 04, 2023
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk comm...
Scorpio Tankers doubles Q1 revenue
Categories: News Flash
Date: May 03, 2023
Scorpio Tankers announced a strong set of first quarter results, doubling its revenue and retu...
Experts see more opportunities than risks for breakbulk in 2023/24
Categories: News Flash
Date: May 03, 2023
“In 2022, demand growth for multipurpose vessels slowed significantly, while fleet capacity incre...
Chinese state-owned firm to build major Sri Lanka port complex
Categories: News Flash
Date: May 03, 2023
A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 b...
Container shipping under pressure globally due to high interest rates : S&P Global Commodity Insights
Categories: News Flash
Date: May 03, 2023
Container shipping, globally, will be “under pressure” because of high interest ...
DCI gets ₹172 cr dredging order from Paradip Port Authority
Categories: News Flash
Date: May 03, 2023
Paradip Port Authority’s marine department has awarded Dredging Corporation of India a ...
CEPA is the growth engine for India-UAE bilateral trade
Categories: News Flash
Date: May 03, 2023
On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive ...
Asia Poised to Drive Global Economic Growth, Boosted by China’s Reopening
Categories: News Flash
Date: May 03, 2023
Asia and the Pacific is a relative bright spot amid the more somber context of the global economy...
DSME acquisition could be approved by shipbuilder’s board soon
Categories: News Flash
Date: May 03, 2023
The board of Daewoo Shipbuilding & Marine Engineering (DSME) will likely approve the acquisitio...
HMM, Samsung Heavy Industries, Panasia, and Korea Register of Shipping to collaborate on reducing carbon emissions
Categories: News Flash
Date: May 03, 2023
On April 28, HMM, Samsung Heavy Industries, Panasia, and the Korean Register of Shipping signed a b...
Singapore ammonia bunkering gets reality check from port authority, industry
Categories: News Flash
Date: May 03, 2023
Top global ship fuelling hub Singapore is unlikely to be ready for ammonia bunkering by the end of ...
VLSFO spec issues in Q1 as Europe weans off Russian feedstocks
Categories: News Flash
Date: May 03, 2023
Europe’s marine fuel supplies faced quality issues in the first quarter as the industry scrambled...
Cyprus shipping will continue improving, minister says, as revenues continue recovery
Categories: News Flash
Date: May 02, 2023
Deputy Minister of Shipping Marina Hadjimanoli this week said that as a leading maritime nation, Cy...
Sea bridges gap in digitising freight industry with acquisition of MarDocs
Categories: News Flash
Date: May 02, 2023
Sea, the intelligent marketplace for fixing freight, has announced the agreed purchase of MarDocs ...
Crew of VLCC Detained in Nigeria Released After 9 Months
Categories: News Flash
Date: May 02, 2023
After being detained for almost nine months in Nigeria on charges of attempting to lift oil from an...
World’s Second Deepest Blue Hole Of 900 ft Found in Mexico
Categories: News Flash
Date: May 02, 2023
Black holes seem to have cousins that appear in the oceans. They are mostly unexplored and are call...
A Berthing Plan Fails
Categories: News Flash
Date: May 02, 2023
A bulk carrier was approaching its assigned berth under pilotage. The Master and a helmsman were on...
2 Crew Members Dead, 3 Missing After Ship And Dredger Collides Near Corregidor Island
Categories: News Flash
Date: May 02, 2023
According to the Philippine Coast Guard, the MV Hong Hai 189 and the MT Petite Soeur crashed near C...
Tanker on Fire Off Malaysia; Three Missing
Categories: News Flash
Date: May 02, 2023
Three crew members of a Gabon-registered tanker were missing after the vessel caught fire on Monday...
Tanker Seized by Iran Carrying Kuwaiti Crude and has Indian Crew
Categories: News Flash
Date: May 02, 2023
An oil tanker seized by Iran last Thursday was carrying Kuwaiti crude and had a crew of 2...
Seatrium-TCOMS Ocean Lab Established To Advance Design And Operational Performance Of Smart Ocean Systems And Infrastructure
Categories: News Flash
Date: May 02, 2023
Seatrium Limited (Seatrium) and the Technology Centre for Offshore and Marine, Singapore (TCOMS) an...
Fujairah’s HSFO market faces stiff competition as demand shifts to Khor Fakkan
Categories: News Flash
Date: May 02, 2023
Rising competition from high sulfur fuel oil suppliers at the nearby Sharjah port of Khor Fakkan in...
Soft demand pushes ocean spot rates to 'their lowest sustainable level'
Categories: News Flash
Date: Apr 29, 2023
Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will f...
Baltic index logs third straight monthly rise on strong capesize demand
Categories: News Flash
Date: Apr 29, 2023
The Baltic Exchange’s main sea freight index slipped on Friday, but posted its third straight mon...
Indian Coast Guard Rescues An Injured Officer From A Merchant Vessel
Categories: News Flash
Date: Apr 29, 2023
On Wednesday, the ICG’s Sea Rescue Sub-center stated that it had received a call regarding a medi...
India’s sea ports surpass USA, Germany & UAE ports in speed of handling ship containers
Categories: News Flash
Date: Apr 29, 2023
India’s sea ports have performed better than those of the USA, Germany and the UAE in the efficie...
Indian Maritime sector leapfrogs to compete with the best in the world
Categories: News Flash
Date: Apr 29, 2023
Average Container dwell time for India, as per World Bank’s Logistics Performance Index (I-PI) Re...
China and Russia ink maritime cooperation deal in the Arctic
Categories: News Flash
Date: Apr 29, 2023
China and Russia signed a memorandum of understanding on strengthening maritime law enforcement coo...