News Flash
National Maritime Day 2023: Date, Theme, History & Significance
Categories: News Flash
Date: Apr 05, 2023
National Maritime Day is celebrated on 5 April in India. The first event of the National Maritime D...
Industrial and Logistics sector leasing probably to slow down to 32-35 million square feet (msf) in 2023
Categories: News Flash
Date: Apr 04, 2023
The global real estate consultant’s ‘2023 India Market Outlook’ report said that th...
FIR filed against 15 after vessel enters prohibited area
Categories: News Flash
Date: Apr 04, 2023
The Mumbai police have registered an FIR against 15 crew members of a fishing boat after it alleg...
LNG tankers heading to Britain, Belgium, the Netherlands and Germany
Categories: News Flash
Date: Apr 04, 2023
The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium, the N...
Air France-KLM and CMA CGM officially launch their long-term strategic air cargo partnership
Categories: News Flash
Date: Apr 04, 2023
Air France-KLM and the CMA CGM Group announced today the effective launch of the long-term strategi...
Saverex NV Intends To Launch A Voluntary And Conditional Public Takeover Bid On Exmar NV
Categories: News Flash
Date: Apr 04, 2023
Exmar NV has been informed today by Saverex NV (“Saverex”) that Saverex intends to launch a vol...
HSFO firms on bidding flurry; bunker demand falters on crude price surge
Categories: News Flash
Date: Apr 04, 2023
Asia’s high sulphur fuel oil (HSFO) market firmed on Monday amid a flurry of bids, though downstr...
Ship fuel cost way down from war peak, but ‘green’ fallout looms
Categories: News Flash
Date: Apr 04, 2023
The price of ship fuel is now down to around half the post-Ukraine-invasion peak. Second-quarter fu...
Baltic index rises on firm demand for large shipping vessels
Categories: News Flash
Date: Apr 04, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Adani’s Dhamra LNG Terminal Based In Odisha, India Receives Its First Cargo
Categories: News Flash
Date: Apr 04, 2023
The newly built, Rs 6,000 crore LNG import facility based in Dhamra on the Odisha coast, owned by t...
VLCC interrupted voyage to medevac sick crew, South China sea
Categories: News Flash
Date: Apr 04, 2023
VLCC C FREEDOM interrupted her voyage from Korea to Singapore on Apr 1, in South China sea, and c...
Global dealmaking sinks to lowest level in over a decade
Categories: News Flash
Date: Apr 03, 2023
Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade...
Hyundai shipbuilding group’s subsidiary wins $183mln product tanker order from Africa
Categories: News Flash
Date: Apr 03, 2023
Hyundai Mipo Dockyard, a shipbuilder affiliated with Hyundai shipbuilding group, has sealed a shipb...
Fujian-based ‘Silk Road Maritime’ shipping association operates 100 intl routes ahead of 5th anniversary
Categories: News Flash
Date: Apr 03, 2023
East China’s Fujian Province-based international shipping association “Silk Road Maritime” on...
Adani Ports Completes Acquisition of Karaikal Port
Categories: News Flash
Date: Apr 03, 2023
Adani Ports and Special Economic Zone Ltd (APSEZ) on Saturday said it has completed the acquisition...
Port of Rotterdam Authority and APM Terminals sign the agreement for over 1 billion euros for the expansion of Maasvlakte II container terminal
Categories: News Flash
Date: Apr 03, 2023
The Port of Rotterdam Authority is now constructing the new quay walls, which will be completed by ...
Cyprus shipping faces second Turkish embargo
Categories: News Flash
Date: Apr 03, 2023
Ships flying the Cypriot flag are faced with a second Turkish embargo as they are prevented from tr...
NORDEN buys bigger ships, sees China commodities trade picking up
Categories: News Flash
Date: Apr 03, 2023
Shipping group NORDEN has acquired larger capesize dry bulk ships, aiming to benefit from China’s...
Euronav Says Crude Tanker Market is Well Positioned for Multi-Year Upcycle
Categories: News Flash
Date: Apr 03, 2023
Euronav NV reported its final financial results today for the full year to 31 December 2022. The...
Dry Bulk Market: March Was a Great Month for Capesizes
Categories: News Flash
Date: Apr 03, 2023
Capesize The first quarter of 2023 ended with a decline of $95 on the Capesize time charter aver...
Mass flow meters at Fujairah need robust regulatory support: bunker suppliers
Categories: News Flash
Date: Apr 03, 2023
Bunkering at Fujairah would benefit from the transparency that mass flow meters confer and conseque...
Calls to cut oil tanker traffic near global marine biodiversity hotspot in aftermath of Philippines oil spill
Categories: News Flash
Date: Apr 01, 2023
The aftermath of an oil tanker’s sinking in Philippine waters has exposed cracks in the country...
LR Approval in Principle for Hyundai Heavy Industries’ new Onboard Guidance System for container ships
Categories: News Flash
Date: Apr 01, 2023
Lloyd’s Register has awarded Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) for it...
Wärtsilä Cargo Handling and Fuel Gas Supply systems continue to be the choice for ethane carriers
Categories: News Flash
Date: Apr 01, 2023
Technology group Wärtsilä has again been contracted by the Hyundai Heavy Industries (HHI) shipyar...
COSCO SHIPPING Holdings Posted Remarkable Results Laying A Solid Foundation for Transformation
Categories: News Flash
Date: Apr 01, 2023
COSCO SHIPPING Holdings Co., Ltd. announced its 2022 annual results. In 2022, COSCO SHIPPING Hol...
Norsepower and IINO Lines agree to install Norsepower Rotor Sails™ on a newbuild VLGC
Categories: News Flash
Date: Apr 01, 2023
Norsepower Ltd., the leading global provider of auxiliary wind propulsion systems, and global shipp...
ECSA and ICS warmly welcome EU decision to recognise training and certification of Filipino seafarers
Categories: News Flash
Date: Apr 01, 2023
The European Commission decided today to continue to recognise the Philippines’ training and cert...
Viterra exits Russian grain trade; team to create new Russian exporter
Categories: News Flash
Date: Apr 01, 2023
Global grain trader Viterra’s management team in Russia plans to create an independent Russian gr...
Refining margin for VLSFO drops over 10% in March
Categories: News Flash
Date: Apr 01, 2023
Asia’s refining margin for 0.5% very low sulphur fuel oil fell by more than 10% in March compared...
Container Values Stabilize, Tanker Tonne Mile Demand Expectations Remain Strong
Categories: News Flash
Date: Apr 01, 2023
The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on prediction...
Baltic index marks worst week in 6 on lower capesize, supramax demand
Categories: News Flash
Date: Apr 01, 2023
The Baltic exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Kawasaki Receives an Order for an 86,700 m-3 LPG-fueled LPG/ NH3 Carrier
Categories: News Flash
Date: Mar 31, 2023
Kawasaki Heavy Industries, Ltd. announced today that it has concluded a shipbuilding contract for a...