News Flash
Ship emissions can be cut by 97.5%, by switching to foiling electric vessels, says Swedish study
Categories: News Flash
Date: Dec 16, 2022
A study from The Royal Institute of Technology in Stockholm says emissions from ships could be redu...
Baltic index logs best day in nearly 3 months on capesize strength
Categories: News Flash
Date: Dec 16, 2022
The Baltic Exchange’s dry bulk sea freight index rose on Thursday to mark its biggest one-day per...
“If China Sneezes, Shipping Will Catch a Cold”: A Saying More Timely Than Ever
Categories: News Flash
Date: Dec 16, 2022
With China’s economy slowdown and the COVID-related measures in flux, shipping and more important...
New report calls on South Korea to accelerate shipping decarbonization
Categories: News Flash
Date: Dec 15, 2022
Solutions for Our Climate and Pacific Environment released a new report that provides an achievable...
ICS says shipping will overcome challenges and thrive in 2023
Categories: News Flash
Date: Dec 15, 2022
The shipping industry can overcome geopolitical challenges and thrive, said the Institute of Charte...
Maersk: accelerating the transition from fossil fuel follower to green industry leader
Categories: News Flash
Date: Dec 15, 2022
Sustainability underpins A.P. Møller-Maersk’s pledge to be the responsible logistics partner of ...
Tanker rates for refined petroleum products reach multiyear highs during 2022
Categories: News Flash
Date: Dec 15, 2022
Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined pet...
Baltic index scales over one-month peak on capesize demand
Categories: News Flash
Date: Dec 15, 2022
The Baltic Exchange’s dry bulk sea freight index rose on Wednesday to its highest level in more t...
Newbuilding Ordering Activity Picks Up Pace
Categories: News Flash
Date: Dec 15, 2022
The newbuilding market has picked up pace this week, with more orders being reported. In its latest...
Container demand eases in November
Categories: News Flash
Date: Dec 15, 2022
The Georgia Ports Authority moved 464,883 twenty-foot equivalent container units in November, a dec...
Oil product stocks rise 6.6% on week led by middle distillates
Categories: News Flash
Date: Dec 15, 2022
Oil product stockpiles at the UAE’s Port of Fujairah climbed 6.6% to a three-week high in the sev...
Ascenz to provide its state-of-the-art “smart bunkering” solution for the first time in Europe
Categories: News Flash
Date: Dec 15, 2022
Ascenz, a GTT Digital company, has been selected by a major European ferry owner to equip two vesse...
India-UK negotiations on free trade agreement to continue – Indian trade ministry
Categories: News Flash
Date: Dec 15, 2022
– Negotiations on a Free Trade Agreement between India and Britain will continue, India’s trade...
India’s industrial output drops to 26-month low as rate hike hits demand
Categories: News Flash
Date: Dec 14, 2022
India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, ...
German investor morale rebounds to highest since Ukraine war
Categories: News Flash
Date: Dec 14, 2022
German investor sentiment staged another recovery in December, reaching its highest level since the...
MPC Container Ships executes further portfolio optimization measures
Categories: News Flash
Date: Dec 14, 2022
MPC Container Ships ASA is pleased to announce new measures for portfolio optimization and capital ...
Hapag-Lloyd CEO sees bounce in shipping demand as short-lived
Categories: News Flash
Date: Dec 14, 2022
Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent m...
Cargo Solutions doubles its operations in its second year
Categories: News Flash
Date: Dec 14, 2022
Following the new framework established by the Union Customs Code (UCC) in January 2021 Hutchison P...
Turkey reaches deal over new crude tanker insurance regulations
Categories: News Flash
Date: Dec 14, 2022
Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation ...
Baltic index hits one-week low as larger vessel rates slide
Categories: News Flash
Date: Dec 14, 2022
The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week...
Margin pressure looms for container terminal operators
Categories: News Flash
Date: Dec 14, 2022
Despite the challenges of Covid-19 and port congestion, container terminal operators were successfu...
Ship Recycling: Small Container Ships Sold for Scrap
Categories: News Flash
Date: Dec 14, 2022
The ship recycling market has had a positive week after a long time, thanks to a renewed supply of ...
The UAE President inaugurates Khalifa Port expansion
Categories: News Flash
Date: Dec 14, 2022
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inaugurated Khalifa Port’s...
Maritime protection strengthened through alliance
Categories: News Flash
Date: Dec 13, 2022
Courts have stepped up efforts to safeguard national marine rights and interests, protect the marin...
NYK Holds Training Program for Nominated Staff from around the World
Categories: News Flash
Date: Dec 13, 2022
From 5th to 9th December, NYK held “Global NYK Group Week 2022,” a training program for nominat...
UN adopts global convention on the sale of ships by courts
Categories: News Flash
Date: Dec 13, 2022
The United Nations General Assembly adopted the United Nations Convention on the International Effe...
Baltic Index Sees Worst Day In Three Weeks On Capesize Drop
Categories: News Flash
Date: Dec 13, 2022
The Baltic Exchange’s dry bulk sea freight index fell on Monday to mark its worst day in almost t...
Saudi’s Mawani announces new shipping service to boost India trade
Categories: News Flash
Date: Dec 13, 2022
The Saudi Ports Authority (Mawani) has announced the addition of King Abdulaziz Port in Dammam to t...
Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
Categories: News Flash
Date: Dec 13, 2022
The product tanker market is expected to benefit significantly from the sanctions imposed on Russia...
2023 Seaborne Coal Imports Could Add Pressure on the Dry Bulk Market
Categories: News Flash
Date: Dec 13, 2022
Demand for seaborne coal cargoes could take a hit during 2023, exerting pressure on the dry bulk ma...
California Long Ruled U.S. Shipping. Importers Are Drifting East
Categories: News Flash
Date: Dec 13, 2022
Sharpie maker Newell Brands Inc. is opening distribution centers in Pennsylvania and North Carolina...
MOL Selected for Inclusion in ‘Dow Jones Sustainability Asia/Pacific Index’- Reflects High Regard for Company’s ESG Initiatives
Categories: News Flash
Date: Dec 13, 2022
Mitsui O.S.K. Lines, Ltd. announced that it has been selected for inclusion in the ‘Dow Jones Sus...