News Flash
COSCO Adds More Green Energy to Power Port of Tianjin
Categories: News Flash
Date: Dec 27, 2022
COSCO Shipping completed the second phase of its project to create a green energy hub that the Port...
Restart of Freeport LNG Delayed for Fourth Time Now to January 2023
Categories: News Flash
Date: Dec 27, 2022
Freeport LNG announced that while reconstruction of the damaged LNG plant and export operation on t...
New Analysis Counts the Cost of Maritime Chokepoint Closures
Categories: News Flash
Date: Dec 27, 2022
The world’s 11 busiest maritime chokepoints are increasingly becoming vulnerable and prone to the...
Protesters Call for Chinese Nationals to Leave China's Gwadar Port
Categories: News Flash
Date: Dec 27, 2022
Protests on the expansion of the Pakistan’s Gwadar Port, a key asset for China’s BRI( Belt and ...
Eni Orders Second FLNG From Wison in Push to Maximize Production
Categories: News Flash
Date: Dec 27, 2022
Italian oil company Eni has reached an agreement with Chinese oil and gas plant specialists Wison H...
Hyundai Completes Verification for LNG/Hydrogen Hybrid Engine
Categories: News Flash
Date: Dec 27, 2022
Hyundai Heavy Industries Group has developed and successfully tested Korea's first LNG/hydrogen mix...
USCG Responds to Possible Carbon Monoxide Exposure on Cargo Ship
Categories: News Flash
Date: Dec 27, 2022
The U.S. Coast Guard and a local Delaware fire department are reporting that they were called out o...
European Investment Bank Sees Massive Green H2 Potential in Africa
Categories: News Flash
Date: Dec 27, 2022
The European Investment Bank (EIB) has called on Africa to harness its massive solar energy resourc...
USCG Receives Authorization for New Great Lakes Heavy Icebreaker
Categories: News Flash
Date: Dec 27, 2022
Contained within the massive new National Defense Authorization Act for Fiscal Year 2023 is the sta...
Head of Russia's Admiralty Shipyards Dies Suddenly
Categories: News Flash
Date: Dec 26, 2022
Russia’s Admiralty Shipyards has announced the “sudden” death of its director general, Alexan...
Nordic Shipholding Plans to Liquidate in 2023
Categories: News Flash
Date: Dec 26, 2022
After failing to secure a merger partner and facing deepening losses, Danish shipping company Nordi...
Livestock Carrier Ordered Auctioned as Owner Abandons Ship and Crew
Categories: News Flash
Date: Dec 26, 2022
The Australian Federal Court is preparing to auction off the livestock carrier Yangtze Fortune...
IMO-ILO Call for New Protocols to Address Rise in Abandoned Seafarers
Categories: News Flash
Date: Dec 26, 2022
Faced with a dramatic rise of crewmembers being abandoned over the past few years, the Internationa...
Russia Invests in Volga-Don Canal as Trade With Iran Booms
Categories: News Flash
Date: Dec 26, 2022
Russia and Iran are working on an infrastructure expansion program that would vastly increase their...
MSC Containership Held Offshore After Belgium Receives Bomb Threat
Categories: News Flash
Date: Dec 26, 2022
An MSC containership is being held offshore while the Belgian authorities investigate a bomb threat...
Sea-Intelligence: Overcapacity Could Trigger Container Price War
Categories: News Flash
Date: Dec 26, 2022
During the surge in container shipments, the carriers had every possible vessel sailing to maximize...
Russian Oil Exports Slow as Tanker Market Sorts Out Sanctions Impact
Categories: News Flash
Date: Dec 26, 2022
Russia's seaborne oil exports appear to be taking a hit as the tanker market sorts out the implicat...
Engine Room Fire Causes Evacuation of 868 Passengers from Ferry in NYC
Categories: News Flash
Date: Dec 26, 2022
An engine room fire aboard one of the newly commissioned Staten Island Ferries in New York City cau...
EU Grant for Demonstration of Hydrogen Fuel Cell on Product Tanker
Categories: News Flash
Date: Dec 26, 2022
The European Union has agreed to provide a €5 million ($5.3 million) grant to a unique project th...
India sees global economic developments complicating its outlook
Categories: News Flash
Date: Dec 24, 2022
Global economic developments are expected to complicate India’s outlook further, the finance mini...
U.S. oil imports down, exports up
Categories: News Flash
Date: Dec 24, 2022
U.S. crude oil imports decreased and exports increased during the week ending Dec. 16, the U.S. Ene...
Freeport LNG delays Texas export plant restart to second half January
Categories: News Flash
Date: Dec 24, 2022
Freeport LNG said on Friday it was again delaying the restart of its long-shut liquefied natural ga...
Sanctions could cut Russia’s Baltic oil exports by 20%
Categories: News Flash
Date: Dec 24, 2022
Exports of Russia’s flagship Urals crude blend from Baltic Sea ports may fall by up to a fifth in...
Saudi maritime industry chiefs ink deal to open 1st integrated logistics park at King Abdulaziz Port
Categories: News Flash
Date: Dec 24, 2022
The Saudi Ports Authority (Mawani) and Medlog, the logistics arm of the Mediterranean Shipping Co.,...
Major fire hits Chilean port, Codelco operations unaffected
Categories: News Flash
Date: Dec 24, 2022
A major fire broke out at Chile’s Ventanas port near a refinery and smelter belonging to state-ru...
Suez Canal welcomes foreign investment, sovereignty protected
Categories: News Flash
Date: Dec 24, 2022
Egypt’s Suez Canal welcomes foreign investment but foreigners would have no control over the wate...
Fujairah attracts investment in maritime sector
Categories: News Flash
Date: Dec 24, 2022
The maritime sector of the emirate of Fujairah has witnessed progress, as it is one of the main dri...
Containers values continue to soften
Categories: News Flash
Date: Dec 24, 2022
Container values have continued to fall across all sub sectors and age categories in Q4 of 2022. Sa...
Charterers, shipowners expect tight petrochemical vessel market in H1
Categories: News Flash
Date: Dec 24, 2022
The global liquid petrochemical freight market is facing price hikes in 2023 as charterers continue...
Chinese traders see smooth port operations optimized COVID response
Categories: News Flash
Date: Dec 23, 2022
Chinese traders said they have seen improved efficiency of customs clearance and smoother logistics...
Singapore fuel oil stocks climb as weekly net imports rise
Categories: News Flash
Date: Dec 23, 2022
Residual fuel oil stocks at key trading hub Singapore climbed by 7% week-on-week to hit a six-week ...
Shell-backed consortium confirms EU grant deal for hydrogen-fueled tanker project
Categories: News Flash
Date: Dec 23, 2022
A consortium comprising Shell, TECO 2030 and some others has finalized a grant agreement with the E...