News Flash
China’s Economy is Rebounding, But Reforms Are Still Needed
Categories: News Flash
Date: Feb 04, 2023
China’s economy is set to rebound this year as mobility and activity pick up after the lifting of...
NYK’s Financial Performance Propelled By ONE Earnings
Categories: News Flash
Date: Feb 04, 2023
In the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 to December 31, 20...
0.5% VLSFO rally cools on flurry of offers
Categories: News Flash
Date: Feb 04, 2023
Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) eased on Friday amid a flurry of s...
India Signals Change Through Vessel Age Limits
Categories: News Flash
Date: Feb 04, 2023
India is taking further steps to lower the footprint that their Shipping trade leaves. It is unders...
Baltic index logs fifth straight weekly drop on weaker vessel demand
Categories: News Flash
Date: Feb 04, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
‘Russia has become India’s largest oil supplier’: Russian Envoy
Categories: News Flash
Date: Feb 04, 2023
Russia has become India’s largest oil supplier and significantly contributed to the country’s e...
DP World unit bags $519mln contract for container terminal in India
Categories: News Flash
Date: Feb 04, 2023
Hindustan Ports Private Limited, the Indian arm of Dubai-based DP World, has won the contract to de...
Panama Recovers 15.7 Million Dollars Through The Amp In Wages Owed To Seafarers
Categories: News Flash
Date: Feb 04, 2023
During the current administration of the Panama Maritime Authority (AMP), through the General Direc...
PIL strengthens SEA linkages with new Thailand Philippines Straits Service (TPS)
Categories: News Flash
Date: Feb 04, 2023
Pacific International Lines (PIL) is pleased to introduce a new weekly direct service connecting th...
“K” Line Expects Improved Dry Bulk Market Due To Lower Tonnage Supply and an Increase in Coal Demand
Categories: News Flash
Date: Feb 04, 2023
1. Qualitative Information and Financial Statement (1) Qualitative Information about the Consoli...
MOL Becomes World’s First Company to Earn AiP for Vessel Cyber Resilience
Categories: News Flash
Date: Feb 03, 2023
Mitsui O.S.K. Lines, Ltd. announced that it has obtained Approval in Principle (AiP) from Bureau Ve...
HSFO spot market extends slide as supplies weigh
Categories: News Flash
Date: Feb 03, 2023
The spot market for high sulphur fuel oil (HSFO) remained under pressure on Thursday as Russian sup...
‘Party is over’: Hapag Lloyd CEO says freight rates to keep declining
Categories: News Flash
Date: Feb 03, 2023
Container freight rates will keep declining in the current realignment of shipping demand and suppl...
Soaring Data Demand Calls For Advanced Connectivity Solutions
Categories: News Flash
Date: Feb 03, 2023
Accelerating digital development and evolving expectations are driving rapidly rising demand for ma...
Baltic index hits over 2-year trough on waning demand for larger vessels
Categories: News Flash
Date: Feb 03, 2023
The Baltic Exchange’s dry bulk sea freight index dropped to its lowest level in more than two yea...
China Return to Action Could Trigger a Freight Market Rebound
Categories: News Flash
Date: Feb 03, 2023
China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the frei...
India's Cochin shipyard commences construction process for 2 ships for Germany
Categories: News Flash
Date: Feb 03, 2023
The ceremonial 'steel cutting' was performed for two 7000-ton vessels being built by India's govern...
India Seeks Public-Private Partnership (PPP) In Coastal Shipping
Categories: News Flash
Date: Feb 03, 2023
On February 1, the Indian government announced its plan to invest in coastal shipping. As per the l...
India export prices stay high on strong demand, limited supply
Categories: News Flash
Date: Feb 03, 2023
Rice export prices from India rose to their highest level since April 2021 this week, aided by firm...
Dredging Corporation of India signs historic agreement with IWAI
Categories: News Flash
Date: Feb 03, 2023
Dredging Corporation of India (DCI) signed a historic agreement with Inland Waterways Authority of ...
0.5% VLSFO premium spikes to six-month high
Categories: News Flash
Date: Feb 02, 2023
The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) surged to a six-month high on Wedn...
Argus launches world’s first biofuel blended ship bunker price
Categories: News Flash
Date: Feb 02, 2023
Global energy and commodity price reporting agency Argus today launched the world’s first indepen...
Great Eastern Shipping Company consolidated net profit rises 205.52% in the December 2022 quarter
Categories: News Flash
Date: Feb 02, 2023
Net profit of Great Eastern Shipping Company rose 205.52% to Rs 627.20 crore in the quarter ended D...
Baltic index falls to over 2-year low as larger vessel rates slide
Categories: News Flash
Date: Feb 02, 2023
he Baltic Exchange’s dry bulk sea freight index fell to its lowest since June 2020, weighed by we...
Wartsila sees energy transition ramp up in shipping amid wider energy shifts
Categories: News Flash
Date: Feb 02, 2023
The shift to greener fuels in shipping is gathering pace, with a almost a third of orders reflectin...
Western tankers ramp up Russian oil shipments under price cap
Categories: News Flash
Date: Feb 02, 2023
Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s ...
Significant Fall in Ships Sold for Scrap During 2022
Categories: News Flash
Date: Feb 02, 2023
According to new data released today by the NGO Shipbreaking Platform, 443 ocean-going commercial s...
India to remain fastest growing major economy at above 6% growth
Categories: News Flash
Date: Feb 02, 2023
The Indian economy is expected to grow in the range of six per cent to 6.8 per cent in the coming f...
Economic Survey 2023 pushes for cargo movement through water bodies, ports
Categories: News Flash
Date: Feb 02, 2023
Expansion of port capacity and development of inland waterways in India over the next few years wil...
Suez Canal tugs working to move broken down tanker, shipping traffic unaffected
Categories: News Flash
Date: Feb 02, 2023
Suez Canal tugboats are working to move a broken down LNG tanker called Grace Emilia on Wednesday, ...
Baltic index logs worst month in 3 years on lower vessel demand
Categories: News Flash
Date: Feb 01, 2023
The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in th...
Olympic Shipping and Management SA is GCMD’s first Greek ship owner / manager centre-level partner
Categories: News Flash
Date: Feb 01, 2023
The Global Centre for Maritime Decarbonisation (GCMD) and Olympic Shipping and Management SA (OSM) ...