News Flash
Baltic index falls, panamax hits lowest in two years
Categories: News Flash
Date: Jan 11, 2023
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commoditi...
Cyber-attack on ShipManager, a DNV software
Categories: News Flash
Date: Jan 11, 2023
DNV confirms its ShipManager software was victim of a cyber-attack on the evening of Saturday 7 Jan...
China cancels crew change quarantine against Covid
Categories: News Flash
Date: Jan 11, 2023
China’s Ministry of Transport, Ministry of Foreign Affairs, National Health Commission,...
Release deal sought as judge sets oil ‘theft’ trial for VLCC crew
Categories: News Flash
Date: Jan 11, 2023
A judge on Tuesday ordered that 26 crew members of a VLCC should stand trial next month in a contro...
IMO, IAPH and BIMCO look forward to Hybrid Maritime Single Window 2024 Symposium 18-19/01/23
Categories: News Flash
Date: Jan 11, 2023
IMO, IAPH and BIMCO have announced the agenda of the upcoming symposium which will be taking place ...
Early Year Dry Bulk Demand Could Favor an Increase in Freight Rates
Categories: News Flash
Date: Jan 11, 2023
China and India appear to be ramping up their import “engines”. China recently agreed to boost ...
World’s biggest ship skips India in blow to its trade goals
Categories: News Flash
Date: Jan 11, 2023
Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back b...
Ctg port asks importers to take quick delivery of dangerous goods
Categories: News Flash
Date: Jan 10, 2023
The Chattogram port authorities have called upon importers to take quick delivery of dangerous good...
Direct shipping line launched between Iran, Cuba
Categories: News Flash
Date: Jan 10, 2023
Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said a direct shipping line has...
ABS and HD Hyundai Sign Landmark Agreement on Broad-Reaching Autonomous Projects
Categories: News Flash
Date: Jan 10, 2023
ABS and HD Hyundai signed a comprehensive memorandum of understanding (MoU) to continue working tog...
Baltic index snaps 6-session losing streak on higher capesize rates
Categories: News Flash
Date: Jan 10, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Multipurpose shipping to outgun competing sectors
Categories: News Flash
Date: Jan 10, 2023
While multipurpose vessel (MPV) rates are expected to soften through 2023, the rate of decline is e...
Some ocean shipping rates collapsing, but real price relief is months away
Categories: News Flash
Date: Jan 10, 2023
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmar...
Decisions, Decisions, Decisions: Asset Plays Are Getting Trickier For Shipowners
Categories: News Flash
Date: Jan 10, 2023
Investment strategies involving a shipping company’s assets are always a tricky proposition, but ...
New trade corridor to connect Jeddah Islamic Port to India and West Mediterranean
Categories: News Flash
Date: Jan 10, 2023
The Saudi Ports Authority (Mawani) revealed on Monday that liner operator MSC (Mediterranean Shippi...
PM Modi to lay foundation of ship repair facility, inaugurate Maritime Skill Centre in Guwahati
Categories: News Flash
Date: Jan 10, 2023
With the aim to ramp up capacity in Pandu port in Guwahati, Prime Minister Narendra Modi will unvei...
Fall in India nominal GDP growth in FY24 to challenge fiscal math
Categories: News Flash
Date: Jan 10, 2023
India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pres...
Ship capsizes at Indian port
Categories: News Flash
Date: Jan 09, 2023
A general cargo ship, Sea Express, lost stability during cargo operations at Mundra Port in In...
Corporate buyers club aiming to slash climate impact of heavy industry picks up steam
Categories: News Flash
Date: Jan 09, 2023
While there was frustration that governments failed to raise the bar on climate action at COP27, so...
Shenzhen ports ramping up preparation for border reopening with HK
Categories: News Flash
Date: Jan 09, 2023
In preparation for border reopening with the Hong Kong Special Administrative Region (HKSAR) since ...
CMA CGM completes Russia exit with terminal stakes sale
Categories: News Flash
Date: Jan 09, 2023
French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesti...
Tehran mulling over launching direct shipping line to Brasilia
Categories: News Flash
Date: Jan 09, 2023
Head of the Iran-Brazil Joint Chamber of Commerce has announced the possibility of launching a dire...
Parties Obtain World’s First AiP for Ammonia Floating Storage and Regasification Barge
Categories: News Flash
Date: Jan 09, 2023
NYK Line, Nihon Shipyard Co., Ltd. (NSY), and IHI Corporation (IHI) received an Approval in Princip...
Signing LNG Supply Basic Agreement for 2 New LNG-Fueled Ferries on Oarai-Tomakomai Route
Categories: News Flash
Date: Jan 09, 2023
Mitsui O.S.K. Lines, Ltd. (MOL), MOL Ferry Co., Ltd. (MOL Ferry), Japan Petroleum Exploration Co., ...
New DNV Deck Carrier notation supports emerging ship type
Categories: News Flash
Date: Jan 09, 2023
Climate change and energy uncertainty in the face of political conflict have brought new urgency to...
Black Sea shipping rates rise as reinsurers cut cover
Categories: News Flash
Date: Jan 09, 2023
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth ...
Indian economy in a relative ‘bright spot’, must leverage exports: IMF official
Categories: News Flash
Date: Jan 09, 2023
India is in a relative “bright spot” in the world economy, but needs to leverage its existing s...
Container spot freight rates rise for first time in 43 weeks
Categories: News Flash
Date: Jan 07, 2023
Drewry’s composite World Container Index (WCI) rose 0.7% in the week ended 5 January 2023, ending...
Shanghai retains world’s top container port crown with marginal growth
Categories: News Flash
Date: Jan 07, 2023
Last year, container volume at Shanghai port exceeded 47.3m teu, maintaining crown the wo...
LNG/Hydrogen-fuelled VLCC design from SWS gets AiP
Categories: News Flash
Date: Jan 07, 2023
The LNG/Hydrogen-fuelled vessel general arrangement developed by SWS is based on the result of a jo...
Russian aggression disrupts tanker trades, spot fixtures down 8%
Categories: News Flash
Date: Jan 07, 2023
Analysing reported dirty spot fixtures in 2022, New York broker Poten & Partners has noted a nu...
IMO Helps Expand Whale Protection Areas in Santa Barbara Channel
Categories: News Flash
Date: Jan 07, 2023
This summer, new vessel traffic lanes and no-go whale protection areas will take effect near Califo...