News Flash
ARA gasoil stocks swell on Asian and US inflows as Russian imports are phased out
Categories: News Flash
Date: Feb 13, 2023
The ARA’s independent gasoil stocks – which include diesel and heating oil – have averaged 13...
Ukraine seeks higher tonnage ships to boost exports under grain deal
Categories: News Flash
Date: Feb 13, 2023
Ukraine’s agriculture ministry has proposed increasing the minimal tonnage of ships which carry g...
China, Greece sign strategic cooperation agreement on shipping finance
Categories: News Flash
Date: Feb 13, 2023
The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financia...
West Africa Oil and Products Imports Facing Structural Shifts
Categories: News Flash
Date: Feb 13, 2023
The looming completion of West Africa’s Dangote refinery is expected to have a significant impact...
Adani Gangavaram Port inducts a new loco at the port
Categories: News Flash
Date: Feb 11, 2023
Adani Gangavaram Port the deepest and the most modern port in the country today inducted a new Loco...
Droughts leave cargo riverboats high and dry
Categories: News Flash
Date: Feb 11, 2023
Increased droughts are forcing shipping companies to abandon some of the world’s main river cargo...
Korea’s shipping service exports hit record $38bn in 2022
Categories: News Flash
Date: Feb 11, 2023
South Korea’s shipping service exports reached an all-time high of $38.3 billion in 2022, breakin...
Seafarers wages bill positive step but won’t close loopholes exploited by P&O ferries
Categories: News Flash
Date: Feb 11, 2023
The UK government is yet to close the legal loopholes that allowed P&O Ferries and its chief ex...
Maersk to recruit South African cadets for its global fleet
Categories: News Flash
Date: Feb 11, 2023
Following an extensive review process, South Africa has been identified as a high potential crew so...
DNV awards Michelin first AiP for WISAMO inflatable wing sail
Categories: News Flash
Date: Feb 11, 2023
Classification society DNV has awarded an AiP to Michelin for their WISAMO wing sail system. This i...
MOL to Provide Aid to Victims of Earthquake in Turkey and Syria
Categories: News Flash
Date: Feb 11, 2023
Mitsui O.S.K. Lines, Ltd. has decided to donate 5 million yen to the Japanese Red Cross Society and...
Regional regulations bring benefits
Categories: News Flash
Date: Feb 11, 2023
Regional regulation has, in the past, been criticised for unfairly skewing a global market, but loc...
Baltic index logs sixth straight weekly fall
Categories: News Flash
Date: Feb 11, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
India’s Coal Imports From Russia Pick up Pace
Categories: News Flash
Date: Feb 11, 2023
India has been increasingly looking to Russia, to cover its energy and raw materials needs, with co...
Dry Bulk Market: Capesize Market’s Weakness Still Evident
Categories: News Flash
Date: Feb 10, 2023
Capesize - As China returned from their Lunar New Year holidays there was hope in some quarters tha...
Tankers: Higher Crude Production Would be Welcome, But It’s Not Looking Likely At the Moment
Categories: News Flash
Date: Feb 10, 2023
The tanker market and most notably the larger sizes could benefit from higher production figures, b...
Start thinking about carbon strategies today
Categories: News Flash
Date: Feb 10, 2023
Shipping companies should be looking at carbon strategies – both compulsory and voluntary – tod...
Drewry: Despite strong long-term investment case, looming uncertainties dampen our near-term outlook
Categories: News Flash
Date: Feb 10, 2023
After a slow start in 1Q22, stocks prices slumped for two consecutive quarters – 2Q22 and 3Q22. T...
LNG Shipping Primed for a Stellar 2023
Categories: News Flash
Date: Feb 10, 2023
The LNG shipping market is about to experience a great year earnings-wise, at least according to ex...
RightShip: Climbing cases of seafarer abandonment places profits above people as $40 million is lost in unpaid crew wages
Categories: News Flash
Date: Feb 10, 2023
Reported rates of seafarer abandonment show no signs of slowing, with current figures listing 9,925...
Record 112m tonnes Indian wheat harvest not seen benefitting global supplies
Categories: News Flash
Date: Feb 10, 2023
India is heading for the highest wheat harvest on record of 112 million tonnes this spring. However...
Leveraging Technology and Communication in the Shipping Industry: The Key to Streamlining Operations
Categories: News Flash
Date: Feb 10, 2023
The shipping industry is adjusting to the modern trend with smart ship technologies to enhance mari...
Container Shipping Companies Splurge on Newbuildings
Categories: News Flash
Date: Feb 10, 2023
The newbuilding market has been lit on fire as major container liners have moved forward with their...
Product Tanker Market Expected to Face Structural Shift
Categories: News Flash
Date: Feb 10, 2023
The product tanker market is already in Russian ban mode since February the 5th, when the EU import...
India says G20 presidency an opportunity to play key role in energy security efforts
Categories: News Flash
Date: Feb 09, 2023
India’s G20 presidency is an opportunity to lead efforts on ensuring global energy security, whil...
Blaze at Turkey’s Iskenderun port under control -maritime authority
Categories: News Flash
Date: Feb 09, 2023
A container blaze at Turkey’s southern port of Iskenderun has been brought under control, Turkey...
Overseas Demand Continues to Affect Cargo, Exports at Chinese Ports
Categories: News Flash
Date: Feb 09, 2023
China’s total cargo throughput was up by 3% yoy in 4Q22, while foreign trade cargo declined by 1%...
TotalEnergies Marine Fuels, Hapag-Lloyd and Jurong Port Universal Terminal Kick-start First Biofuel Bunker Term Delivery in Singapore
Categories: News Flash
Date: Feb 09, 2023
TotalEnergies Marine Fuels has successfully completed its first refuelling of a Hapag-Lloyd contain...
U.S. East Coast Port Workers Begin Early Contract Talks
Categories: News Flash
Date: Feb 09, 2023
Union locals that represent dockworkers at 36 ports from Maine to Texas have opened contract talks ...
IMCA calls for offshore wind competitiveness programme
Categories: News Flash
Date: Feb 09, 2023
A week after launching the International Marine Contractors Association’s (IMCA’s) newly update...
Supply chain experts: Post-Covid sourcing diversification will reshape trade and shipping flows
Categories: News Flash
Date: Feb 09, 2023
The diversification of product sourcing away from China in the post-Covid era as manufacturers and ...
Record 112m tonnes Indian wheat harvest not seen benefitting global supplies
Categories: News Flash
Date: Feb 09, 2023
“India is heading for the highest wheat harvest on record of 112 million tonnes this spring. Howe...