News Flash
Turkey, Ukraine, UN say Black Sea grain deal extended
Categories: News Flash
Date: Mar 20, 2023
The Black Sea Grain Initiative, which covers exports of agricultural products from Ukrainian Black ...
Easing supply chains likely to keep downward pressure on freight rates
Categories: News Flash
Date: Mar 20, 2023
Rates for transporting chemicals on various modes of transportation continue to face downward press...
Container prices in Asia take a hit in March 2023 on low demand, higher inventory
Categories: News Flash
Date: Mar 20, 2023
Container prices fell in March 2023 due to sluggish consumer demand and excess inventory in Asia, o...
Product Tankers in Asia to Keep Benefitting From Australian Demand
Categories: News Flash
Date: Mar 20, 2023
Product tankers and more specifically, MRs are to keep benefitting from increasing demand from Aust...
Dry Bulk Market: Capesize Market Keeps Improving, Albeit at a Slower Pace
Categories: News Flash
Date: Mar 20, 2023
Capesize The Capesize lifted $2,401 for its time charter average on Tuesday, but failed to keep ...
HD Hyundai builds industrial alliance for carbon neutrality
Categories: News Flash
Date: Mar 18, 2023
South Korea’s HD Hyundai, the world’s largest shipbuilding group, said Friday it is forming the...
Net-Zero Industry Act must recognize strategic role of shipping for Europe’s security
Categories: News Flash
Date: Mar 18, 2023
European shipowners today welcome the EU’s proposed Net-Zero Industry Act. The Act can be step-ch...
Clean Shipping Coalition: UN at defining moment for 2030 and 2040 climate action on shipping
Categories: News Flash
Date: Mar 18, 2023
The International Maritime Organization (IMO) has a historic opportunity in the next three months t...
Baltic index logs fourth straight weekly rise
Categories: News Flash
Date: Mar 18, 2023
The Baltic Exchange’s main sea freight index dipped on Friday on weaker demand for capesize and p...
Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Cargill
Categories: News Flash
Date: Mar 18, 2023
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Dynagas LNG Partners LP Retains Positive LNG Shipping Outlook
Categories: News Flash
Date: Mar 18, 2023
Dynagas LNG Partners LP, an owner and operator of liquefied natural gas (“LNG”) carriers, today...
India's port sector is growing rapidly and contributing to economic progress: PM Modi
Categories: News Flash
Date: Mar 18, 2023
he Prime Minister, Shri Narendra Modi has lauded the achievements of Tuticorin VOC port a Y-o-Y gro...
Adani Ports, Mundra has docked its first LNG fueled powered Crude oil Tanker
Categories: News Flash
Date: Mar 18, 2023
Adani Ports, Mundra has docked its First LNG fueled powered Aframax Crude oil Tanker at its SPM (...
PSA Mumbai dismisses congestion, productivity slowdown reports
Categories: News Flash
Date: Mar 18, 2023
PSA Mumbai (BMCT), the new terminal operator at India’s Nhava Sheva Port (JNPT), has denied repor...
Concession Agreement For Vizag Multipurpose Terminal Signed
Categories: News Flash
Date: Mar 18, 2023
Visakhapatnam Port Authority has entered into a 30 years concession with Vizag Multipurpose Termina...
TORM purchases three fuel-efficient MR product tankers in a partly share-based transaction
Categories: News Flash
Date: Mar 17, 2023
TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels...
MSC as the newest Impact Partner strengthens GCMD’s efforts to help shipping decarbonize
Categories: News Flash
Date: Mar 17, 2023
As the world’s largest shipping line, MSC has 730 vessels and the industry’s largest newbuildin...
Fichte & Co. initiates dialogue on emerging legal challenges in maritime and its solutions at FUJCON 2023
Categories: News Flash
Date: Mar 17, 2023
Fichte and Co Legal, the UAE’s leading law firm, participated in the 2023 edition of The Internat...
Marlink and ABS Wavesight™ Partner to Accelerate Maritime Clients’ Digital Transformation
Categories: News Flash
Date: Mar 17, 2023
Marlink, the smart network and ICT solutions company, and ABS Wavesight™, the ABS-affiliated mari...
ARA gasoil stocks continue to drop, but still near 2-yr high
Categories: News Flash
Date: Mar 17, 2023
Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and sto...
Tech Accelerator Working Towards Reducing Maritime Methane Emissions Gains Momentum With Major New Signatories
Categories: News Flash
Date: Mar 17, 2023
A major cross sectoral initiative tasked with reducing methane emissions across the maritime indust...
Second Hand Vessel Deals Down 50% So Far This Year
Categories: News Flash
Date: Mar 17, 2023
The second hand market for ships has declined to just $7 billion, versus $13.5 billion in the same ...
FSO stern flooded, evac, 1 worker died, Gulf of Siam
Categories: News Flash
Date: Mar 17, 2023
Confirmed it was an explosion, worker died in explosion. 400,000 barrels of oil on board. No power ...
Hapag-Lloyd Launches New Service In Asia
Categories: News Flash
Date: Mar 17, 2023
German ocean carrier Hapag-Lloyd announced the addition of a new service in Asia that will have fle...
New Shipping Service To Link Saudi Arabia To Indian Subcontinent
Categories: News Flash
Date: Mar 17, 2023
The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port to the IMX ser...
SK gas to enter LNG bunkering business through Korea Energy Terminal
Categories: News Flash
Date: Mar 16, 2023
South Korea’s SK gas Co. is preparing to enter the liquefied natural gas bunkering market through...
Fujairah expects more refineries to be set up to produce marine fuel
Categories: News Flash
Date: Mar 16, 2023
Fujairah, the world’s third-largest bunkering hub, expects energy companies to set up more refine...
Turkey seeks extending grain deal for 120 days – defence minister
Categories: News Flash
Date: Mar 16, 2023
Turkey will continue discussions to extend a deal that allows grain shipments from Ukraine’s Blac...
Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022
Categories: News Flash
Date: Mar 16, 2023
“Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, c...
Baltic index rises on panamax vessel demand
Categories: News Flash
Date: Mar 16, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Recruitment of Merchant Navy Professionals increased due to increasing commercial activities
Categories: News Flash
Date: Mar 16, 2023
RECRUITMENT OF MERCHANT NAVY PROFESSIONALS 1589. SHRI TIRUCHI SIVA:Will the Minister of PORTS, S...
Globus Maritime offloads ageing supramax for $14m
Categories: News Flash
Date: Mar 16, 2023
Greek bulker owner Globus Maritime has sold its 2007-built supramax Sun Globe to an unaff...