News Flash
Seri Damai and Seri Daya, latest sister vessels to join MISC’s eco-efficient Lng carrier fleet
Categories: News Flash
Date: Feb 01, 2023
MISC (MISC or the Group) today welcomes two of its latest new generation of Liquefied Natural Gas (...
New Norwegian consortium sets sights on developing complete hydrogen value chain for maritime sector
Categories: News Flash
Date: Feb 01, 2023
The multidisciplinary collaboration, for which a Memorandum of Understanding (MOU) was signed last ...
Record-Breaking Fall In Long-Term Rates For Ocean Freight, As Carriers Brace For Stormy 2023
Categories: News Flash
Date: Feb 01, 2023
January proved to be a dramatic month for long-term ocean freight rates, with the latest data from ...
India plans measures to curb Chinese imports as trade gap concerns mount
Categories: News Flash
Date: Feb 01, 2023
India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consu...
India sees GDP growth slowing on global weakness
Categories: News Flash
Date: Feb 01, 2023
India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth...
MEO Group migrates entire fleet to Marlink’s smart network solution to accelerate digitalisation
Categories: News Flash
Date: Feb 01, 2023
Marlink, the smart network solutions company, is implementing a fleet-wide migration of its smart m...
WinGD and CMB.TECH co-develop large ammonia-fuelled engine
Categories: News Flash
Date: Feb 01, 2023
WinGD and CMB.TECH bring combined expertise to zero-carbon fuel technology in groundbreaking collab...
Grain flows ease on month as inspection delays remain unresolved
Categories: News Flash
Date: Feb 01, 2023
Seaborne flows through the Black Sea grain corridor have averaged 102,051 mt/d over Jan. 1-28, 15% ...
Terminal operators, shipping lines urged to forgo charges
Categories: News Flash
Date: Jan 31, 2023
Almost 90 per cent out of over 5,700 stuck-up containers are lying at the private terminals and the...
Temasek remains invested in Adani Ports, says report
Categories: News Flash
Date: Jan 31, 2023
Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special...
Capital increase in TORM due to exercise of Restricted Share Units as part of TORM’s incentive program
Categories: News Flash
Date: Jan 31, 2023
TORM plc (“TORM”) increases its share capital by 21,267 A-shares (corresponding to a nominal va...
Supramax trans-Atlantic grain rates find a floor after hitting multiyear lows
Categories: News Flash
Date: Jan 31, 2023
The Supramax trans-Atlantic grain assessment Recalada-to-Bejaia experienced several losses during t...
IMO Sub-committee On Ship Design And Construction (SDC 9)
Categories: News Flash
Date: Jan 31, 2023
The 9th session of the IMO’s Sub-Committee on Ship Design and Construction (SDC 9) was held from ...
Baltic index snaps 9-day losing streak as panamax, supramax rates rise
Categories: News Flash
Date: Jan 31, 2023
The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday, a...
Bids for Andaman's Mega Project Open Amid Another 'Joshimath Tragedy' Scare
Categories: News Flash
Date: Jan 31, 2023
Aiming to complete the terminal in 2028, the Centre has invited bids for the Rs 41,000-crore mega i...
India to use emergency law to maximise coal power output
Categories: News Flash
Date: Jan 31, 2023
India plans to use an emergency law next month to force power plants that run on imported coal to m...
Four new Pacific International Lines container ships to benefit from integration of Wärtsilä solutions
Categories: News Flash
Date: Jan 31, 2023
The technology group Wärtsilä will supply the LNG Fuel Gas Supply System, Propulsion Control Syst...
NYK and Ghelia Form Business and Capital Alliance Establishing a Strategic Partnership to Promote the Creation and Utilization of AI Services in the Shipping Industry
Categories: News Flash
Date: Jan 31, 2023
Nippon Yusen Kaisha (NYK) and GHELIA INC. (Ghelia) have entered into a business and capital allianc...
Chinese cargo ship sinks off the coast of Japan
Categories: News Flash
Date: Jan 30, 2023
A cargo ship that sank off the coast of Japan on Tuesday, amid poor weather conditions, has left ei...
SEDNA advances all-in-one email solution with new AI features to reduce manual and repetitive work processes
Categories: News Flash
Date: Jan 30, 2023
SEDNA, the innovative email solution designed to enhance business operations, has rolled out new up...
ClassNK issues approval in principle (AiP) for large ammonia fueled BC jointly developed by MOL and MITSUI
Categories: News Flash
Date: Jan 30, 2023
ClassNK has issued an Approval in Principle (AiP) for a large ammonia fueled 210,000 DWT bulk carri...
Cyprus shipping making waves
Categories: News Flash
Date: Jan 30, 2023
Cyprus shipping, the steady driver of the economy, is sailing for better times, having survived the...
MOL and Mitsui Acquire AiP for Large Ammonia-powered Bulk Carrier
Categories: News Flash
Date: Jan 30, 2023
Mitsui O.S.K. Lines, Ltd. and Mitsui & Co., Ltd. announced that they have received Approval in ...
Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days
Categories: News Flash
Date: Jan 30, 2023
Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle...
Surging European ton-mile demand fails to lift inbound Panamax coal freight
Categories: News Flash
Date: Jan 30, 2023
Vessel oversupply in the Atlantic Basin has pushed Panamax freight rates to multiyear lows in Janua...
AG&P speeding Philippines, India LNG terminals development
Categories: News Flash
Date: Jan 30, 2023
Global LNG logistics company Atlantic Gulf & Pacific International Holdings hopes to start oper...
Upstart Indian Shipper Helps Get Russian Oil to Market
Categories: News Flash
Date: Jan 30, 2023
Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed la...
Indian Shipping Ministry launches marine logistics portal to smoothen sea trade
Categories: News Flash
Date: Jan 30, 2023
The Ministry of Ports, Shipping and Waterways on Friday launched the national logistics portal–ma...
Greece approves construction of FSRU off Athens
Categories: News Flash
Date: Jan 28, 2023
Greece has approved the construction of a floating gas and regasification unit (FSRU) off Athens af...
NYK to Build Its Fifth LPG Dual-Fuel Very Large LPG / Ammonia Carrier
Categories: News Flash
Date: Jan 28, 2023
NYK is delighted to announce the order of its fifth liquefied petroleum gas (LPG) dual-fuel very la...
MOL is the First Japanese Company to Join First Movers Coalition’s Shipping Sector- Toward the Decarbonization of the Ocean Shipping Industry
Categories: News Flash
Date: Jan 28, 2023
Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalitio...
Progress on Shipping’s Underwater Noise Impact Welcomed, but IMO Falls Short of Immediate Action
Categories: News Flash
Date: Jan 28, 2023
The Clean Arctic Alliance today welcomed progress made this week by the International Maritime Orga...