News Flash
Bangladesh Orders Four Ships from China in Fleet Expansion Effort
Categories: News Flash
Date: Jan 07, 2023
Bangladesh has become the latest country to launch plans to expand its national commercial shipping...
Russia’s Dominance In The Indian Crude Oil Market To Continue In 2023
Categories: News Flash
Date: Jan 07, 2023
For several years, India has been importing crude oil from Iran and Saudi Arabia, which serves as t...
India is first port of call for UK ship in Indian Ocean
Categories: News Flash
Date: Jan 07, 2023
Over the next five days, the ship and her crew will undertake capability demonstrations and maritim...
MOL to build sail-fitted hydrogen-producing ship
Categories: News Flash
Date: Jan 07, 2023
The construction forms part of the company’s Wind Hunter programme, which seeks new applications ...
Carriers Failed to Act on Capacity Losing Market Control
Categories: News Flash
Date: Jan 07, 2023
The container lines failed to respond quickly enough to changes in the markets as volumes plummeted...
LNG has a key role in India’s energy system
Categories: News Flash
Date: Jan 06, 2023
Over the years, global energy systems have come to be very large andconnected. The situation in Eur...
DNV and RSI launch Baltic and North Sea green fleet renewal study
Categories: News Flash
Date: Jan 06, 2023
DNV and the Responsible Shipping Initiative (RSI), an alliance of Swedish dry bulk charterers, have...
World Container Index Up 0.7% This Week
Categories: News Flash
Date: Jan 06, 2023
Drewry’s composite World Container Index increased by 0.7% to $2,135.16 per 40ft container this w...
Weak vessel demand drags Baltic index to near 4-month low
Categories: News Flash
Date: Jan 06, 2023
The Baltic Exchange’s dry bulk sea freight index extended its decline to hit a near four-month lo...
Iran, Russia sign deal to build ship for Caspian Sea port
Categories: News Flash
Date: Jan 06, 2023
Iran and Russia have signed a contract for building a cargo ship for the Caspian Sea port of Solyan...
Over 23K ships transit Suez Canal in 2022
Categories: News Flash
Date: Jan 06, 2023
The Chairman of the Suez Canal Authority (SCA), Osama Rabie, said a total of 23,583 ships transited...
Maneesh Pradhan appointed Chairman of shipping association, MASSA
Categories: News Flash
Date: Jan 06, 2023
Mr Maneesh Pradhan, a veteran marine engineer, has been appointed as the Chairman of India’s lead...
Tankers International adds to VLCC Pool off the back of a buoyant end to 2022
Categories: News Flash
Date: Jan 06, 2023
Tankers International, the world’s leading shipping pool for VLCCs, has grown rapidly throughout ...
Singapore fuel oil stocks rebound; net imports up for third week
Categories: News Flash
Date: Jan 06, 2023
Residual fuel oil stocks at key trading hub Singapore climbed from the previous week as net imports...
Ambuja Cements announces wholly owned subsidiary – Ambuja Shipping Services
Categories: News Flash
Date: Jan 06, 2023
Ambuja Cements on 4 January announced that the company hasincorporated a wholly owned subsidiary co...
South Korean shipbuilders bet big on green fuels
Categories: News Flash
Date: Jan 05, 2023
South Korea’s big three shipyards are accelerating their efforts to build green ships using eco-f...
Oil product stockpiles drop 1.5% after second-highest annual exports
Categories: News Flash
Date: Jan 05, 2023
Oil product stockpiles at the UAE’s Port of Fujairah dropped 1.5% in the week ended Jan. 2, after...
China Shipowners’ Association joins International Chamber of Shipping
Categories: News Flash
Date: Jan 05, 2023
The International Chamber of Shipping (ICS) is pleased to welcome the China Shipowners’ Associati...
Crude tanker rates down double digits after Russia sanctions debut
Categories: News Flash
Date: Jan 05, 2023
The EU ban on Russian seaborne crude imports went into effect a month ago. This market-altering eve...
Chinese export container rates drop 27% as usual Lunar New Year cargo rush fails
Categories: News Flash
Date: Jan 05, 2023
The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to ...
Baltic index hits over 1-month low on weak vessel demand
Categories: News Flash
Date: Jan 05, 2023
The Baltic Exchange’s dry bulk sea freight index extended its decline to hit an over one-month lo...
OPEC oil output rises despite production target cuts
Categories: News Flash
Date: Jan 05, 2023
OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the ...
Container line schedule reliability improves in second half 2022
Categories: News Flash
Date: Jan 05, 2023
Global container line schedule reliability saw considerable improvement in the second half of 2022 ...
Port Houston to impose import container dwell fee
Categories: News Flash
Date: Jan 05, 2023
The measure that seeks to address the long stay of containers and reduce congestion at the Bay...
India’s services growth at 6-month high on robust demand – PMI
Categories: News Flash
Date: Jan 05, 2023
India’s services industry saw activity increase at the fastest pace in six months during the fina...
Chinese ports remain globally competitive despite pandemic in 2022
Categories: News Flash
Date: Jan 04, 2023
China’s largest sea ports posted strong performance in 2022 braving the negative impact from the ...
Shipping Corporation of India gets govt nod to split core and non-core assets
Categories: News Flash
Date: Jan 04, 2023
The Ministry of Corporate Affairs (MCA) has granted permission to a plan to split the core and non-...
Vesconite connected to communication satellite launch
Categories: News Flash
Date: Jan 04, 2023
Vesconite Bearings is proud to be associated with an exciting communication satellite launch that t...
IMO progress on revised GHG strategy, Mediterranean ECA adopted
Categories: News Flash
Date: Jan 04, 2023
The Marine Environment Protection Committee (MEPC 79) of the International Maritime organization (I...
Baltic index logs worst day in decades as vessel demand wanes
Categories: News Flash
Date: Jan 04, 2023
The Baltic Exchange’s dry bulk sea freight index on Tuesday posted its worst decline on record, p...
Tsakos Energy Navigation’s Ship Delivers First LNG cargo at Germany’s LNG terminal in Wilhelmshaven
Categories: News Flash
Date: Jan 04, 2023
Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal,...
China’s Crude Oil Imports Retreated During 2022
Categories: News Flash
Date: Jan 04, 2023
Crude oil imports into China were down 4.6% year-on-year during the first 11 months of 2022. In its...