News Flash
DNV and Maritime and Port Authority of Singapore extend maritime R&D MOU
Categories: News Flash
Date: Nov 22, 2022
DNV and Singapore’s Maritime Port Authority (MPA) have agreed to continue their collaboration on ...
MOL Teams up with JERA to Study Transport of Ammonia Fuel
Categories: News Flash
Date: Nov 22, 2022
Mitsui O.S.K. Lines, Ltd. announced that MOL and JERA Co., Ltd. (JERA; President: Satoshi Onoda) ha...
Baltic index hits lowest in 2-1/2 months on lower demand for smaller vessels
Categories: News Flash
Date: Nov 22, 2022
The Baltic Exchange’s dry bulk sea freight index on Monday dropped to its lowest in more than two...
Greece Remains Biggest Customer for Korean Shipyards for 2nd Year
Categories: News Flash
Date: Nov 22, 2022
Greece placed the largest ship orders in South Korea this year, remaining a buttress for the nation...
Tankers Expected to Emerge as the “Winners” of 2023
Categories: News Flash
Date: Nov 22, 2022
It seems that each calendar year since 2020 has each own “winner”, when it comes to the part of...
China’s shipbuilding becomes more competitive
Categories: News Flash
Date: Nov 21, 2022
As of the end of October, orders for ships have reached 104.44 million deadweight tons in China sin...
Brazil’s largest port privatization clears the decisive Audits Court
Categories: News Flash
Date: Nov 21, 2022
The privatization of Brazil’s largest and busiest sea terminal, the Port of Santos clears another...
Sonowal launches India’s first Centre of Excellence for Green Port & Shipping
Categories: News Flash
Date: Nov 21, 2022
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Saturday announced India’s ...
Shipping sector sets sail into ‘greener waters’ with wind energy
Categories: News Flash
Date: Nov 21, 2022
The shipping industry, lagging far behind other sectors in global decarbonisation goals, is returni...
MNWB initiates the implementation of seafarers’ welfare activities MLC2006 worldwide
Categories: News Flash
Date: Nov 21, 2022
Dr. N. Reuben Paul Chairman of Merchant Navy Welfare Board (India) conducted seafarers welfare conf...
Tankers and COP27: Will the Existing Financial Conditions Prolong Oil Demand Growth?
Categories: News Flash
Date: Nov 21, 2022
The current energy crisis and cost of living conditions could hinder climate goals in favor of foss...
U.S. container freight is shrinking
Categories: News Flash
Date: Nov 21, 2022
Container freight volumes at the largest U.S. ports were down 3.8% in September compared with the s...
Tankers: VLCC Market on “Rally” Mode
Categories: News Flash
Date: Nov 21, 2022
Clean The Middle East Gulf has been relatively static this week on the LRs. The TC1 index has he...
Sanctions could lift already booming product tankers to new heights
Categories: News Flash
Date: Nov 21, 2022
What if country A needs diesel, and country B, located right next door, has that diesel, which it r...
The global shipping industry is facing a new problem — too many containers
Categories: News Flash
Date: Nov 21, 2022
While there was a shortage of containers at the height of the pandemic, the global economy is now f...
MISC Group Expects Strong LNG Market in the Short-Term
Categories: News Flash
Date: Nov 18, 2022
MISC is pleased to announce its financial results for the third quarter ended 30 September 2022. ...
Texas Freeport LNG restart delay causes vessels to seek other ports
Categories: News Flash
Date: Nov 18, 2022
A few liquefied natural gas (LNG) vessels have turned away from the Freeport LNG export plant in Te...
Bulk carrier deliveries could hit 19-year low in 2024, boosting contracting
Categories: News Flash
Date: Nov 18, 2022
Contracting of bulk carriers spiked in 2021 and reached 48.4 million DWT, driven by a positive cong...
Baltic Extends Losing Streak To Sixth Session On Capesize Retreat
Categories: News Flash
Date: Nov 18, 2022
The Baltic Exchange’s dry bulk sea freight index extended its losing streak to a sixth consecutiv...
China’s Real Estate Slump is Hitting the Dry Bulk Shipping Market
Categories: News Flash
Date: Nov 18, 2022
The demise of the Chinese real estate market has caused a ripple effect in the dry bulk shipping ma...
New LNG battery hybrid vessel in traffic at the Port of Gothenburg
Categories: News Flash
Date: Nov 18, 2022
The short sea shipping line UECC started a new service to the Port of Gothenburg in April, in the l...
Polluting shipbreaking practices threaten Ghanian shores
Categories: News Flash
Date: Nov 18, 2022
In light of the recent infrastructure developments taking place at its main ports of Tema and Takor...
Debt Surges; Worst May Be Behind for Indian Downstream Firms
Categories: News Flash
Date: Nov 16, 2022
The worst may be over for Indian oil marketing companies (OMCs) after a significant debt increase i...
India’s unwavering appetite for Russian crude lifts Oct inflows to multiyear highs
Categories: News Flash
Date: Nov 16, 2022
India’s appetite for Russian crudes in October rose to levels not seen in recent years and surpas...
IRISL Opens Offices in India
Categories: News Flash
Date: Nov 16, 2022
The Islamic Republic of Iran Shipping Lines has opened offices in different parts of India to boost...
China Wins More Shipbuilding Orders than Korea in October
Categories: News Flash
Date: Nov 14, 2022
Korean shipbuilders fell behind their Chinese rivals in order intake in October. Global ship ord...
52,500 tonnes of wheat arrive at Ctg port from Ukraine
Categories: News Flash
Date: Nov 14, 2022
A ship with 52,500 tonnes of government wheat arrived at Chattogram Port on Wednesday from war-torn...
New container protection for all ocean imports into United Kingdom, Ireland, Israel, Bulgaria, Romania, Georgia, Armenia, Azerbaijan, Ukraine, Lebanon, Libya and Syria
Categories: News Flash
Date: Nov 14, 2022
At Maersk your needs always come first. That’s why we are continuously trying to simplify the way...
Maersk Expects Logistics Revenues to Exceed Shipping in Coming Years
Categories: News Flash
Date: Nov 14, 2022
A.P. Moller-Maersk A/S expects logistics revenue to surpass the ocean business by the middle of the...
EU’s embargo of Russian oil to boost clean tanker demand into 2023
Categories: News Flash
Date: Nov 14, 2022
Clean tanker owner and operator Ardmore Shipping expects global product tanker ton-mile demand to i...
Dry Bulk Market: Pessimism Still the Norm
Categories: News Flash
Date: Nov 14, 2022
Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek...
Positive Sentiment in the VLCC Tanker Market Should Remain, Even if Some Turbulence Could be Expected
Categories: News Flash
Date: Nov 14, 2022
The VLCC tanker market should retain its positive momentum as the year draws to a close and even mo...