News Flash
Global Fleet Growth Points Towards Different Fortunes for Various Shipping Markets
Categories: News Flash
Date: Dec 31, 2022
The global fleet has grown this year, but at various speeds for different ship markets, while the m...
Multiple objections filed on SCI demerger scheme ahead of crucial MCA hearing to clear the plan
Categories: News Flash
Date: Dec 30, 2022
At least a dozen objections have been filed till Monday before the Ministry of Corporate Affairs by...
Some Ocean-Going Ships To Sail Without Insurance As Insurers Back Out From 1st Jan 2023
Categories: News Flash
Date: Dec 30, 2022
Per reports, Ship reinsurers have faced huge losses, and hence the insurers of ships have decided t...
Chinese shipbuilding sector tops world market in 2022
Categories: News Flash
Date: Dec 30, 2022
China’s shipbuilding sector topped the global market in 2022 in terms of orders and vessel comple...
China to lift anti-COVID measures for all imported cold-chain foods, non-cold-chain items
Categories: News Flash
Date: Dec 30, 2022
Chinese customs announced on Wednesday that it would revoke anti-COVID-19 measures, including nucle...
China Ports Container volume rises 4.2% in from January to November 2022，Ningbo Containerized Freight Index decease significantly in December 2022
Categories: News Flash
Date: Dec 30, 2022
From January to November of 2022, the cargo volume of Chinese ports was 14313.1million tons, a year...
Oil product stocks climb 7% on week, capping record annual gain
Categories: News Flash
Date: Dec 30, 2022
Oil product stockpiles at the UAE’s Port of Fujairah rose 7.1% in the week ended Dec. 26, capping...
Philippines: 400,000 seafarers at risk of sailing ban
Categories: News Flash
Date: Dec 30, 2022
More than 400,000 Filipino seafarers have been on edge since an audit conducted by the European Mar...
China: Legislators look to reduce emissions in shipping industry
Categories: News Flash
Date: Dec 30, 2022
The national legislature plans to add clauses about reducing carbon emissions in the shipping indus...
Tonnage dislocation to prolong freight volatility to Americas clean tankers
Categories: News Flash
Date: Dec 30, 2022
The Americas clean tanker market is poised for an uncertain 2023, with freight volatility exacerbat...
Ship Values For Tankers and Bulkers Reverse Fortunes During 2022
Categories: News Flash
Date: Dec 30, 2022
As the freight markets shifted tides during 2022, so did ship values. In its latest weekly report, ...
Unstoppable’ India set to become world’s 3rd top economy in 2035
Categories: News Flash
Date: Dec 29, 2022
Indian shoppers walk through a mall in New Delhi. CEBR has suggested that in the current fiscal, In...
Over 17.4m tons of basic goods unloaded in ports in 9 month
Categories: News Flash
Date: Dec 29, 2022
As reported by Iran’s Ports and Maritime Organization (PMO), 17,449,670 tons of basic commodities...
Infrastructure hurdles loom as North American manufacturers eye diversifying supply chains
Categories: News Flash
Date: Dec 29, 2022
North American importers are reevaluating their dependence on Chinese goods after the pandemic reve...
Second LPG Dual-Fuel VLGC for Astomos Named “Lantana Planet”
Categories: News Flash
Date: Dec 29, 2022
On September 16, a naming ceremony was held at Sakaide Works of Kawasaki Heavy Industries Ltd. for ...
Japan’s First: MOL Concludes Global Commitment Line Agreement through Transition Linked Loan- Expanding Financing Base and Promoting Environmental Strategies
Categories: News Flash
Date: Dec 29, 2022
Mitsui O.S.K. Lines, Ltd. announced that it concluded a commitment line agreement through a transit...
380-cst HSFO dips on selling interest; Fujairah stocks extend slide
Categories: News Flash
Date: Dec 29, 2022
Singapore’s 380-cst high sulphur fuel oil (HSFO) market softened on Wednesday as selling interest...
Container shipping’s ‘big unwind’: Spot rates near pre-COVID levels
Categories: News Flash
Date: Dec 29, 2022
The billion-dollar question for container shipping markets at the beginning of 2022 was: “Party o...
Faster inventory replenishment cycles expected in 2023; depot space to remain tight and operational costs to remain elevated
Categories: News Flash
Date: Dec 29, 2022
The holiday season, now at its peak, is going to trigger an early burn-out of inventories in the US...
Macroeconomic, China real estate woes may pressure dry bulk market
Categories: News Flash
Date: Dec 29, 2022
Bleak global macroeconomic indicators, coupled with uncertainty in the Chinese real estate sector, ...
Newbuilding Activity Rather Firm Despite Holiday Season
Categories: News Flash
Date: Dec 29, 2022
The newbuilding market has seen its fair share of activity, despite the Holiday season. In its late...
Vitality under COVID-19: China’s smart ports aid increased throughput
Categories: News Flash
Date: Dec 28, 2022
China’s Qingdao Port, a subsidiary of Shandong Port Group and the second-largest foreign trade po...
Retailers Pull Back From Using Chartered Cargo Ships
Categories: News Flash
Date: Dec 28, 2022
Retailers are moving away from using chartered ships to get around pandemic-triggered disruptions n...
Oman inks deal for two new LNG carriers worth over $500mln
Categories: News Flash
Date: Dec 28, 2022
Asyad Shipping – part of Asyad Group, the Sultanate of Oman’s global integrated logistics servi...
S. Korea foresees recession in falling freight prices, wages
Categories: News Flash
Date: Dec 28, 2022
Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourt...
Rates to stay flat for Ukraine grain cargo insurance
Categories: News Flash
Date: Dec 28, 2022
A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will...
Russian sanctions, demand uncertainty create conflicting crude tanker environment
Categories: News Flash
Date: Dec 28, 2022
The Americas dirty tanker markets will continue to face a bullish yet uncertain 2023 as increased t...
Indian Register Of Shipping Completes Prototype Testing Of Indigenously Manufactured ISO Containers
Categories: News Flash
Date: Dec 28, 2022
Indian Register of Shipping (IRS), the leading international ship classification society, has compl...
UP to develop dry ports, freight container stations to boost exports
Categories: News Flash
Date: Dec 28, 2022
Land-locked Uttar Pradesh, which is aiming to become a trillion-dollar economy by 2027, will develo...
New service links Hamad Port with other major ports
Categories: News Flash
Date: Dec 28, 2022
QTerminals has announced the commencement of India to East MED (Mediterranean) service, which conne...
Import storage costs settlement process for port of Gwangyang
Categories: News Flash
Date: Dec 28, 2022
We would like hereby to announce the important change in storage costs settlement process applicabl...
Product Tanker Sinks in Bangladesh's Meghna River, Spilling Fuel
Categories: News Flash
Date: Dec 27, 2022
A tanker full of diesel has gone down in Bangladesh's Meghna river after colliding with another ves...