News Flash
EEXI and CII requirements taking effect from 1 January 2023
Categories: News Flash
Date: Jan 23, 2023
New statutory requirements entered into force on 1 January 2023. From this date, it is mandatory fo...
Regular container shipping line active from Iran’s Chabahar to Indian ports
Categories: News Flash
Date: Jan 23, 2023
Spokesman of Iran’s Valfajr Shipping Company says his company is operating a regular container sh...
Maritime sector welcomes ‘Levelling Up’ investment in coastal communities
Categories: News Flash
Date: Jan 23, 2023
Following the announcement of the second round of ‘Levelling Up’ funding from the Government, i...
Shipping still in dark over clean fuel solutions – industry official
Categories: News Flash
Date: Jan 23, 2023
Shipping companies are still waiting for “real green” fuel solutions as part of decarbonisation...
A new WTO deal to facilitate investment could be ready in 2023. It could not be more timely
Categories: News Flash
Date: Jan 23, 2023
As 2023 begins, the World Trade Organization (WTO) stands poised to reach a new agreement on invest...
Third floating LNG terminal arrives in Germany
Categories: News Flash
Date: Jan 21, 2023
A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuette...
China 2022 low-sulphur marine fuel exports fall 6.2% from previous year
Categories: News Flash
Date: Jan 21, 2023
China’s exports of low-sulphur marine fuels in 2022 fell 6.2% from the previous year, in line wit...
Canada accepts amendments to expand IMO Council
Categories: News Flash
Date: Jan 21, 2023
Canada has become the latest country to accept amendments to the Convention on the International Ma...
0.5% VLSFO spot premium surges to five-month high
Categories: News Flash
Date: Jan 21, 2023
Asia’s spot premium for 0.5% very low sulphur fuel oil (VLSFO) hit a five-month high on Friday on...
Polycrisis to disrupt commodity supply and demand
Categories: News Flash
Date: Jan 21, 2023
A“polycrisis” of interrelated environmental, geopolitical and socioeconomic risks could have a ...
Baltic index posts fourth weekly fall as capesize rates drop
Categories: News Flash
Date: Jan 21, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
The right people will futureproof maritime businesses
Categories: News Flash
Date: Jan 21, 2023
The global shortage of labour – skilled or otherwise – has imposed a new set of strategic prior...
An Indian Shipping Line Can Help The Nation Save $25 Billion A Year
Categories: News Flash
Date: Jan 21, 2023
India requires a shipping line of its own if it wants to be a serious exporter and manufacturer on ...
Growth in Saudi Ports’ Container Volumes Reaches 13.63% during December
Categories: News Flash
Date: Jan 21, 2023
The Kingdom’s ports have ended December in the gains territory with a string of spectacular resul...
Despite India’s economic growth, few jobs and meagre pay for urban youth
Categories: News Flash
Date: Jan 21, 2023
Ravi Verma, hired by an electrical parts manufacturing firm early last year as India’s economy su...
India: Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent
Categories: News Flash
Date: Jan 20, 2023
After three months of stagnant growth, cargo traffic at state-owned ports rose 10.4 per cent in Dec...
OSM Maritime and Thome to merge to strengthen position as a world leader within ship management
Categories: News Flash
Date: Jan 20, 2023
OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces,...
Davies Turner adds direct ocean freight LCL service from UK to India
Categories: News Flash
Date: Jan 20, 2023
With the weak pound providing opportunities for UK exporters currently, Davies Turner is delivering...
Transatlantic Trouble As Extra Capacity Undermines Freight Rates
Categories: News Flash
Date: Jan 20, 2023
2023 has marked a change in fortunes for ocean freight rates from North Europe to the US East Coast...
LNG seeing boost as competitive US bunker fuel as Atlantic cargo prices fall
Categories: News Flash
Date: Jan 20, 2023
LNG is seeing a competitive boost as a US bunker fuel, as FOB prices have dropped sharply from reco...
Baltic index drops to fresh 2-1/2-year low on weaker capesize demand
Categories: News Flash
Date: Jan 20, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Weaker shipping demand hits ocean-freight shipper Matson’s fourth-quarter profit expectations
Categories: News Flash
Date: Jan 20, 2023
Ocean-freight shipping company Matson Inc. on Wednesday reported a preliminary fourth-quarter profi...
The Panama Ship Registry Continues To Adapt Its Processes For 2023
Categories: News Flash
Date: Jan 20, 2023
The Panama Ship Registry continues its leadership position worldwide, ranking first among the 10 mo...
VLFSO: Spot market retains strength; Singapore stocks at five-week lows
Categories: News Flash
Date: Jan 20, 2023
Asia’s spot fuel oil market continued to firm on Thursday, while residual fuel stocks at Singapor...
All administration tasks in OpenDXM GlobalX 9.4 now in the web
Categories: News Flash
Date: Jan 20, 2023
PROSTEP AG’s maintenance customers can now download the new version 9.4 of the OpenDXM GlobalX da...
Hapag-Lloyd and CMA CGM Add a New Service to Jeddah Islamic Port
Categories: News Flash
Date: Jan 19, 2023
The Saudi Ports Authority (Mawani) has today announced the addition of the Indamex 2 (IN2) shipping...
KARMOL Secure $71 Million Loan From Japanese Banks for SENEGAL FSRU
Categories: News Flash
Date: Jan 19, 2023
Karpower International B.V. (Karpowership) and Mitsui O.S.K. Lines, Ltd. have reached a deal with J...
Baltic index extends fall as vessel rates falter
Categories: News Flash
Date: Jan 19, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Newbuilding Orders for Chinese-Built Dry Bulk Carriers On the Rise
Categories: News Flash
Date: Jan 19, 2023
Newbuilding activity for 2023 has began to pick up the pace, with the main focus, so far, being ord...
U.S. Coast Guard responds to spill in Mississippi River after vessel capsizes
Categories: News Flash
Date: Jan 19, 2023
The U.S. Coast Guard said it was responding to an oil spill in the Mississippi River after a dredgi...
Kazakhstan recruits Abu Dhabi Ports to develop Caspian tanker fleet
Categories: News Flash
Date: Jan 19, 2023
United Arab Emirates’ Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian...
Asyad Shipping to bolster its fleet with two new LNG carriers
Categories: News Flash
Date: Jan 19, 2023
Asyad Shipping – the shipping arm of Oman’s global integrated logistics service provider Asyad ...