News Flash
Danish-operated tanker banned from Spanish ports over oil transfer
Categories: News Flash
Date: Feb 16, 2023
A ship operated by Denmark’s Maersk Tankers has been banned from Spanish ports, Spanish officials...
The International Chamber of Shipping reaffirms commitment to 2050 net zero
Categories: News Flash
Date: Feb 16, 2023
The Board of the International Chamber of Shipping (ICS), which represents over 80% of the world’...
DCSA’s member carriers commit to a fully standardised, electronic bill of lading by 2030
Categories: News Flash
Date: Feb 16, 2023
Digital Container Shipping Association(DCSA) today announces its nine ocean carrier members commit ...
Chinese shipyards hit record 47% market share in 2022
Categories: News Flash
Date: Feb 16, 2023
“In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the com...
Baltic Index falls on lower rates for larger vessels
Categories: News Flash
Date: Feb 16, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Newbuilding Ordering Activity Slows Down
Categories: News Flash
Date: Feb 16, 2023
There wasn’t too much movement in the S&P or the newbuilding markets this past week. In its l...
China’s Jiangsu Huadian Ganyu LNG terminal begins construction
Categories: News Flash
Date: Feb 15, 2023
Jiangsu Huadian Ganyu LNG terminal has started construction at Ganyu port, Lianyungang in China’s...
Iran, Kazakhstan consider establishing direct shipping line in Caspian Sea
Categories: News Flash
Date: Feb 15, 2023
In a meeting between Head of Iran’s Ports and Maritime Organization (PMO) Ali-Akbar Safaei and Ka...
Wärtsilä plans structural changes to streamline the marine customer offering and improve profitability
Categories: News Flash
Date: Feb 15, 2023
Following the announcement in October 2022, Wärtsilä has integrated the Voyage business into Wär...
Deep Green Ship Recycling push by shipowners at Alang
Categories: News Flash
Date: Feb 15, 2023
In recent times, Alang has seen a major push for the development of ship recycling yards, beyond th...
VLSFO market extends slide as more supplies loom
Categories: News Flash
Date: Feb 15, 2023
The spot cash premium for very low sulphur fuel oil (VLSFO) in Asia fell for a third consecutive se...
Future Fuels and Technology Project to inform GHG Strategy update
Categories: News Flash
Date: Feb 15, 2023
The decarbonization of international shipping is a priority for IMO and by mid-2023, the organizati...
Baltic Index slumps as capesize sees worst dip in six months
Categories: News Flash
Date: Feb 15, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
EuroDry Ltd. Reports Total Net Revenues of $15.1 Million
Categories: News Flash
Date: Feb 15, 2023
EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for ...
BMS United, Bunkernet, and SBI Sign Definitive Merger Agreement to form Baseblue Company
Categories: News Flash
Date: Feb 15, 2023
BMS United Bunkers, Bunkernet, and SBI bunkering BV, leading marine fuel supply companies, today an...
Ship Recycling Market Looking for Letter of Credits Relief
Categories: News Flash
Date: Feb 15, 2023
After months of financial constraints, things could soon start improving for ship recyclers in Bang...
Bahri Line launches new liner service between Asia and Europe
Categories: News Flash
Date: Feb 14, 2023
Bahri Line, a business unit under Bahri Logistics, has officially established a new pendulum servic...
MOL Decides to Merge Two Group Companies for Ferry and Coastal RORO Vessel Business- Japan’s Largest Ferry and Coastal RORO Vessel Company Launch
Categories: News Flash
Date: Feb 14, 2023
Mitsui O.S.K. Lines, Ltd. announced its decision to integrate two wholly owned ferry and coastal RO...
The Signing Ceremony of Long-Term Contracts for Two Liquefied CO2 Carriers between “K” LINE and Northern Lights JV DA~World’s first full scale CCS project
Categories: News Flash
Date: Feb 14, 2023
The signing ceremony for bare boat charter and time charter contracts for two 7,500m3 liquefied CO2...
RINA and ABB Sign MoU to Cooperate in Shipping Decarbonization
Categories: News Flash
Date: Feb 14, 2023
RINA, the international classification society, has today announced the signing of a Memorandum of ...
Spain denies entry to tanker carrying Russian-origin diesel
Categories: News Flash
Date: Feb 14, 2023
Spain has denied entry into Tarragona port to the Maersk Magellan, a Singapore-flagged vessel, due ...
Asian shipping lines are reporting steep revenue declines
Categories: News Flash
Date: Feb 14, 2023
New operating results from four Asian shipping lines were released Friday, pointing to steep perfor...
Container shipping stock prices resilient despite falling spot rates
Categories: News Flash
Date: Feb 14, 2023
In our recently published addendum to Financial Health Check, we have reassessed container industry...
IFSCA lays foundation to strengthen ship financing, leasing in India
Categories: News Flash
Date: Feb 14, 2023
In a bid to boost maritime trade, International Financial Services Centres Authority is taking step...
Baltic Index Gains As Capesize Sees Best Day In Nearly Two Months
Categories: News Flash
Date: Feb 14, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Product Tankers: Mixed Fortunes for MRs and LR2s
Categories: News Flash
Date: Feb 14, 2023
There could be a shift in fortunes in completely opposite directions for various parts of the produ...
Recession alarm bells are ringing, but (much) less loudly than before
Categories: News Flash
Date: Feb 13, 2023
The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation s...
China’s Beibu Gulf Port sees cargo throughput rise in 2022
Categories: News Flash
Date: Feb 13, 2023
Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region saw its cargo throughput reach ...
San Pedro Bay Ports Release Final Drayage Truck Feasibility Assessment
Categories: News Flash
Date: Feb 13, 2023
The ports of Long Beach and Los Angeles have released a final report on the current state and overa...
Georgia port gets big delivery in 4 towering new cranes
Categories: News Flash
Date: Feb 13, 2023
The Port of Savannah received a massive delivery Thursday: four towering ship-to-shore cranes built...
Port Of Long Beach Sees Reduced Cargo
Categories: News Flash
Date: Feb 13, 2023
Softened consumer spending, increased prices driven by inflation and a shift in trade routes contri...
USDOT Announces More Than $660 Million Available Through the Port Infrastructure Development Program
Categories: News Flash
Date: Feb 13, 2023
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of...