News Flash
China’s Shipbuilding Sector Continues To Top World Market
Categories: News Flash
Date: Sep 20, 2022
China remained the world’s leading shipbuilder in the first eight months of the year, industrial ...
India: Shipping Minister Launches Multiple Development Projects In Assam
Categories: News Flash
Date: Sep 20, 2022
Union minister for ports, shipping and waterways, Sarbananda Sonowal on Monday launched multiple pr...
Korean Sea Flag Carrier HMM Shares Slide As Shipping Rates Fall To Lowest In Two Years
Categories: News Flash
Date: Sep 20, 2022
Container shipping rates extended losses for 14 consecutive weeks and plunged to the lowest of the ...
Cyprus Working To Protect Shipping From EU Sanctions On Russia
Categories: News Flash
Date: Sep 20, 2022
The EU needs to ensure that its Russia sanctions do not negatively impact the bloc or individual me...
Typhoon Nanmadol Makes Landfall In Japan, Flooding Advisory Issued For Tokyo
Categories: News Flash
Date: Sep 20, 2022
Typhoon Nanmadol made landfall on Japan’s southernmost island of Kyushu on Sunday, bringing torre...
Asia-US Pacific Coast Container Rates Continue To Plummet
Categories: News Flash
Date: Sep 20, 2022
Transpacific rates for shipping containers continue to plummet – dropping below $4,000/FEU (40-fo...
LNG Tankers Key To Smooth Imports, Energy Security
Categories: News Flash
Date: Sep 20, 2022
Efforts to increase the number of China’s liquefied natural gas carriers will deepen the country...
Global Supply Chains Poised For Relief As Ship Congestion Eases
Categories: News Flash
Date: Sep 20, 2022
Shipping container traffic that had been severely congested during the pandemic is clearing and shi...
Asia-Pacific Freight Premia For Bigger LNG Carriers Spurt As Storage Demand Jumps
Categories: News Flash
Date: Sep 20, 2022
Asia Pacific’s spot freight premium for LNG carriers with two stroke engines rose Sept. 16 to its...
Essar Joins Hands With Indian Coast Guard For The Largest Coastal Cleanup Drive
Categories: News Flash
Date: Sep 19, 2022
Sitting on the crown of Indian Ocean, India is blessed with a 7,500 km long coastline bestowing ple...
Korean Shipbuilders Actively Participating In Qatar LNG Project
Categories: News Flash
Date: Sep 19, 2022
QatarEnergy has recently selected three shipowners to order eight LNG carriers in its LNG developme...
Adani Ports Inks Deal To Enhance Haldia Dock’s Capacity In Bengal
Categories: News Flash
Date: Sep 19, 2022
Adani Ports and Special Economic Zone said that its wholly owned subsidiary HDC Bulk Terminal (HBTL...
Fire Hits Oil Terminal And Oil Tanker In Venezuela
Categories: News Flash
Date: Sep 19, 2022
A fire broke out at an oil terminal in Venezuela on Saturday when a pipe used to supply gasoline to...
Suez Canal Authority To Raise Transit Fees By 15% In 2023
Categories: News Flash
Date: Sep 19, 2022
Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the canal author...
Pacific Coast Port Volumes Stumble As US Demand Turns Bearish
Categories: News Flash
Date: Sep 19, 2022
US West Coast ports reported sliding throughput figures for August as tepid demand for ex-Asian car...
Maritime Insurance Premium, Claims Norms To Change On Energy Transition
Categories: News Flash
Date: Sep 19, 2022
Parameters and criteria for providing maritime insurance will change in the coming years, as the sh...
Tanker Stocks Continue Bucking The Market’s Downtrend
Categories: News Flash
Date: Sep 19, 2022
Commodity shipping remains heavily impacted by the ongoing war in Ukraine. While many of the recent...
G7’s Grand Plan To Squeeze Russia Oil Windfall Hinges On Tanker Shipping
Categories: News Flash
Date: Sep 19, 2022
They say you can’t have your cake and eat it too. The G7 countries, led by the U.S., think they c...
The Failed Takeover Of Maersk’s Box Manufacturing Arm Offers Respite To Reefer Buyers
Categories: News Flash
Date: Sep 19, 2022
The collapse of China CIMC’s planned takeover of Maersk’s container manufacturing arm maintains...
Indian Coast Guard rescues 19 from 'sinking' ship near Ratnagiri
Categories: News Flash
Date: Sep 17, 2022
In a swift and coordinated rescue operation, the Indian Coast Guard saved 19 crew members - 18 Indi...
Gujarat Ship Recyclers Face Cost Challenges
Categories: News Flash
Date: Sep 17, 2022
Units functioning at Asia’s biggest ship-recycling yard in Gujarat are facing a set of three prob...
Tumbling Spot Rates Close Gap Between Main Asia To US West Coast Trades
Categories: News Flash
Date: Sep 17, 2022
The latest ocean freight rates data from Xeneta shows that spot prices across the main trans-Pacifi...
UK And Swiss Shipping And Banking Organizations Need Better Technology To Navigate Sanctions
Categories: News Flash
Date: Sep 17, 2022
As international sanctions come to the fore in global trade, research in the UK and Switzerland sho...
VLCC Spot Market Grew By 16% During August
Categories: News Flash
Date: Sep 17, 2022
The tanker market trended higher during the month of August, as demand picked up, OPEC said in its ...
CMT Introduces A Revolutionary, Future-Proof Circular Process!
Categories: News Flash
Date: Sep 17, 2022
Circular Maritime Technologies International (CMT) introduces a revolutionary and future-proof circ...
NIBC’s Shipping Business Delivered Strong H1 Results, Showing That Our Chosen Strategy Is Paying Off
Categories: News Flash
Date: Sep 17, 2022
NIBC looks back at a successful first half year, realising a 25% growth of the shipping portfolio t...
Foreship Makes Key Project Management Appointment To Drive Cruise Ship And Ferry Refurbishment Business
Categories: News Flash
Date: Sep 17, 2022
Leading naval architecture and marine engineering consultancy Foreship has appointed Brendan Harris...
Goodbulk Ltd. Reports Higher Second Quarter Profits Despite Dry Bulk Market’s Retreat
Categories: News Flash
Date: Sep 17, 2022
GoodBulk Ltd., a leading owner and operator of dry bulk vessels, today announces its financial resu...
Baltic Index Logs Best Week In 7 Months On Capesize Strength
Categories: News Flash
Date: Sep 17, 2022
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Bangladesh Exports Its ‘Largest Ever’ Container Ship To UK
Categories: News Flash
Date: Sep 16, 2022
Bangladesh on Tuesday exported a locally built 6100-ton load capacity high-speed multipurpose conta...
FBCCI Seeks Testing Labs At Ports For Speedy Release Of Goods
Categories: News Flash
Date: Sep 16, 2022
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government on Wedn...
Maersk Drilling Secures Additional Five-Well Drilling Work Scope With Petrogas
Categories: News Flash
Date: Sep 16, 2022
Maersk Drilling and Petrogas E&P Netherlands B.V. have agreed to an amendment of the previously...