News Flash
India’s Petronet runs Dahej terminal at above 80% of capacity
Categories: News Flash
Date: Nov 11, 2022
India’s top gas importer, Petronet LNG Ltd, is running its western import terminal of Dahej at mo...
Gujarat Pipavav Port consolidated net profit rises 58.37% in the September 2022 quarter
Categories: News Flash
Date: Nov 11, 2022
Net profit of Gujarat Pipavav Port rose 58.37% to Rs 72.12 crore in the quarter ended September 202...
Industry body MASSA flags training issues for maritime manning sector
Categories: News Flash
Date: Nov 11, 2022
Λack of adequate shipboard training berths is a big challenge for the domestic maritime manning se...
ICS and ISSA offer a helping hand with recycling regulations
Categories: News Flash
Date: Nov 11, 2022
The International Chamber of Shipping (ICS), the International Shipsuppliers & Services Associa...
Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs
Categories: News Flash
Date: Nov 11, 2022
The imperative to decarbonise the global shipping industry is clear and present, however, many of t...
Baltic index edges lower as smaller vessels weigh
Categories: News Flash
Date: Nov 11, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) edged down on Thursday to snap a four-se...
Tanker Market Revival Could Prompt More Ship Acquisitions
Categories: News Flash
Date: Nov 11, 2022
Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the exi...
Energy shipping boom: Propane tankers breach $100,000 a day
Categories: News Flash
Date: Nov 09, 2022
Fossil-fuel shipping is going from strength to strength and shows no signs of peaking. Rates for so...
Depots to face the brunt of container surplus well into 2023; demand for containers to bounce back in long-term
Categories: News Flash
Date: Nov 09, 2022
The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but ...
Ship Demolition Continues its Lackluster Trajectory
Categories: News Flash
Date: Nov 09, 2022
The ship recycling market has continued to show a lack of activity over the past week. In its lates...
India: Govt may give time to local vessels before fixing age limits for operation
Categories: News Flash
Date: Nov 09, 2022
Even as the government looks to fix age limits for ships operating in Indian waters, to ensure over...
Fate of Indian sailors aboard oil carrier seized by Equatorial Guinea Navy hangs in the balance
Categories: News Flash
Date: Nov 09, 2022
The fate of Indian sailors of the Norwegian-flagged very large crude oil carrier MT Heroic Idu...
Ships carrying $2 billion in natural gas are waiting off Europe’s coast for prices to rise so they can cash in, report says
Categories: News Flash
Date: Nov 08, 2022
More than 30 tankers carrying liquefied natural gas are idling off Europe’s coast as traders hold...
SHIPPING: Russian oil flow to Asia may not slow on insurance glitch
Categories: News Flash
Date: Nov 08, 2022
Asia’s purchase of Russian crude is unlikely to be deterred by issues relating to insurance after...
Inflation stalks vessel operating costs
Categories: News Flash
Date: Nov 08, 2022
Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price p...
Baltic index up as capesizes hit one-week high
Categories: News Flash
Date: Nov 08, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Monday as higher demand for cape...
Iraq approves 2-year funds for Faw port project
Categories: News Flash
Date: Nov 08, 2022
Iraq has approved two-year budget allocations for the completion of the multi-billion-dollar Al Faw...
Tankers: Diesel Shortages in the EU and the US Could Generate more Cargoes from Asia
Categories: News Flash
Date: Nov 08, 2022
One of the main shortages caused by the existing conditions in the energy markets and the looming s...
Sri Lanka, India discuss common maritime challenges
Categories: News Flash
Date: Nov 07, 2022
The navies of India and Sri Lanka have discussed ways to strengthen bilateral cooperation and actio...
Opportunities for growth increasing in maritime sector, says Sonowal
Categories: News Flash
Date: Nov 07, 2022
Be it Sagaramala, National Logistics Policy or the PM Gati Shakti plan, several important init...
Container handling at Ctg port sees continuous fall for three months
Categories: News Flash
Date: Nov 07, 2022
Revenue collection at Chattogram Customs House has declined as container handling through Chattogra...
The Liberian Registry signs an MoU with HHI, AVIKUS and DNV to develop autonomous ship technology
Categories: News Flash
Date: Nov 07, 2022
The Liberian Registry, the world’s second largest ship registry, signed a memorandum of understan...
“K” LINE enters into Long-Term Time Charter with QatarEnergy for Five Newbuilding LNG vessels
Categories: News Flash
Date: Nov 07, 2022
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the execution of five long-term T...
Container shipping giant to set up $2b fund to reduce carbon emissions
Categories: News Flash
Date: Nov 07, 2022
French shipping giant CMA CGM will invest US$1.5 billion ($2.12 billion) over the next five years t...
Crude tanker owners see dollar signs as Russia ban draws near
Categories: News Flash
Date: Nov 07, 2022
The European Union’s ban on imports of Russian crude is now less than five weeks away. As the clo...
Carrier commitment key to success for container terminal investments
Categories: News Flash
Date: Nov 07, 2022
Container terminals depend on carrier calls to generate business, which can vary according to marke...
Dry Bulk Market: Capesize Market Slipped Further This Week
Categories: News Flash
Date: Nov 07, 2022
CapesizeThe past week has had a negative trend overall, but closed up by the end. The average of th...
Biofuels Use in the Shipping Industry Could Soon Gain Traction
Categories: News Flash
Date: Nov 07, 2022
The use of biofuel blends in the shipping industry could become the norm in the following years, as...
Persian Gulf-Japan VLGC rates soar to highest in nearly 2 years, with more upside seen
Categories: News Flash
Date: Nov 05, 2022
VLGC rates on the key Persian Gulf-Japan route extended a three-month rally to reach their highest ...
Capesize values for older vessels rise in October
Categories: News Flash
Date: Nov 05, 2022
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% sinc...
Baltic index snaps 12-session losing streak on capesize gains
Categories: News Flash
Date: Nov 05, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Friday for the first time in 13 ...
Global Energy and Stellar Shipmanagement to build first dedicated methanol bunkering ship in Singapore, classed by Bureau Veritas
Categories: News Flash
Date: Nov 04, 2022
Global Energy Trading Pte Ltd (“GET”), Stellar Ship Management Services Pte Ltd (“Stellar”)...