News Flash
‘Colossal’ tidal wave of new container ships about to strike
Categories: News Flash
Date: Mar 06, 2023
Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of...
Bullish Q4 2022 trade flow shifts are ‘durable’ for midsize tanker freight through 2023: Teekay
Categories: News Flash
Date: Mar 06, 2023
After seeing historically high levels in the fourth quarter of 2022 due to trade-flow shifts result...
Container Ship Refloated In Suez Canal After Breakdown
Categories: News Flash
Date: Mar 06, 2023
A container ship that broke down in Egypt’s Suez Canal on Sunday causing some traffic to be diver...
China’s shipyards greet growing orders thanks to edge in technology, capacity
Categories: News Flash
Date: Mar 06, 2023
In January this year, a total of 17 new orders for pure car and truck carriers (PCTC), with 510,000...
Shandong ports, important nodes witnessing BRI growth, open logistic corridor
Categories: News Flash
Date: Mar 06, 2023
This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global...
MOL Unveils Marine Debris Collection Ship and Demonstrates Coastal Debris Collection Device on the coast of Bali, Indonesia
Categories: News Flash
Date: Mar 04, 2023
Mitsui O.S.K. Lines, Ltd. announced that on March 1, on the coast of Bali, Indonesia, it unveiled a...
Hapag-Lloyd CEO says he is optimistic about shipping development in India
Categories: News Flash
Date: Mar 04, 2023
German container liner Hapag-Lloyd sees great opportunity in India where containerisation levels ar...
SSES & Avenir LNG have successfully delivered bonded LNG to zims first LNG fueled containership in Yangshan port Shanghai
Categories: News Flash
Date: Mar 04, 2023
On March 2, 2023, Shanghai SIPG Energy Service Co.,Ltd. (SSES) a subsidiary of Shanghai Internation...
The Republic Of Panama And The Kingdom Of Belgium Strengthen Their Links In The Maritime Area By Signing 3 Letters Of Intent
Categories: News Flash
Date: Mar 04, 2023
The Republic of Panama, through the Minister of Maritime Affairs, Noriel Arauz, and the Kingdom of ...
The International Chamber of Shipping continues to grow with Luxembourg and Brazil joining the global shipowners’ association
Categories: News Flash
Date: Mar 04, 2023
The International Chamber of Shipping (ICS), representing over 80% of the world’s merchant fleet,...
Russia says West is ‘burying’ Black Sea grain deal
Categories: News Flash
Date: Mar 04, 2023
Russian Foreign Minister Sergei Lavrov on Thursday accused the West of “shamelessly burying” th...
Eagle Bulk Shipping Inc. Stays Positive on Dry Bulk Market’s Fundamentals
Categories: News Flash
Date: Mar 04, 2023
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk v...
Singapore bunker premiums set for bumpy recovery in March
Categories: News Flash
Date: Mar 04, 2023
Premiums of marine fuel, also known as bunkers, are set for a bumpy recovery in March in Singapore,...
Global Clean Tanker trade from Russia climbs
Categories: News Flash
Date: Mar 04, 2023
Ahead of the sanctions on Russian Clean products that came in to force on 5th February 2023, Russia...
India is the Third Biggest Importer of Crude Oil
Categories: News Flash
Date: Mar 04, 2023
India is now the third biggest importer of crude oil, with a market share of 11% of global crude oi...
MPC Container Ships reports Strong Operating Revenue
Categories: News Flash
Date: Mar 03, 2023
Highlights Strong operating revenues of USD 162.1 million (+14% YOY) and EBITDA of USD 127.0 mil...
Russia says it will only renew grain deal if its own exports are unblocked
Categories: News Flash
Date: Mar 03, 2023
Russia said on Wednesday it would only agree to extend the Black Sea grain deal, which allows grain...
HSFO retains strength as bidding flurry continues
Categories: News Flash
Date: Mar 03, 2023
Asia’s high sulphur fuel oil (HSFO) market extended further gains on Thursday amid a flurry of bi...
VIKAND strengthens its clinical leadership team to support growing client base
Categories: News Flash
Date: Mar 03, 2023
Global Healthcare specialist VIKAND, has added two additional Medical Directors to strengthen its c...
Sunken Philippine tanker leaks industrial fuel oil into sea
Categories: News Flash
Date: Mar 03, 2023
A sunken Philippine tanker carrying 800,000 litres (210,000 gallons) of industrial fuel oil has lea...
Container lines still chartering ships despite drop in cargo demand
Categories: News Flash
Date: Mar 03, 2023
With import demand flagging, freight rates falling, the container ship orderbook at record highs an...
Hong Kong fuel oil bunker premiums tumble due to faltering demand, rising competition
Categories: News Flash
Date: Mar 03, 2023
Low and high sulfur fuel oil bunker premiums have fallen in Hong Kong, as rising competition from r...
Changing dynamics lie behind a volatile tanker market outlook
Categories: News Flash
Date: Mar 03, 2023
The first two months of 2023 have seen tanker market fortunes change rapidly, illustrating the vola...
Baltic index hits near two-month high on stronger vessel demand
Categories: News Flash
Date: Mar 03, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
War In Ukraine Has Had a Structural Change In Global Shipping
Categories: News Flash
Date: Mar 03, 2023
Russia’s invasion in Ukraine, a year and a few days ago, has had a profound impact on shipping. I...
China-flagged cargo ship sinks off Russia’s Sakhalin island – TASS
Categories: News Flash
Date: Mar 02, 2023
A China-flagged cargo ship sank in the Strait of Tartary off the coast of Russia’s Sakhalin islan...
Viasat’s buyout of Inmarsat provisionally cleared by UK regulator
Categories: News Flash
Date: Mar 02, 2023
Britain’s competition regulator CMA said on Wednesday it had decided to provisionally clear U.S. ...
India’s IOC releases provisionally hired China-linked VLCC to import Mexican crude
Categories: News Flash
Date: Mar 02, 2023
India’s state-run Indian Oil Corp. has released a VLCC – after being briefly placed on subjects...
International Chamber of Shipping and Suez Canal Authority commit to continue open communication
Categories: News Flash
Date: Mar 02, 2023
The International Chamber of Shipping (ICS) and Suez Canal Authority (SCA) extend landmark agreemen...
HSFO firms on strong bids, while VLSFO extends dip
Categories: News Flash
Date: Mar 02, 2023
Asia’s high sulphur fuel oil (HSFO) market firmed on Wednesday as strong bids emerged on the firs...
Goods barometer declines further, hinting at fourth quarter trade slump
Categories: News Flash
Date: Mar 02, 2023
World merchandise trade growth appears to have lost momentum in the fourth quarter of 2022 and is l...
Performance Shipping Inc. Announces Pricing Of $12.5 Million Registered Direct Offering
Categories: News Flash
Date: Mar 02, 2023
Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessel...