News Flash
Two-Tier Market Emerges As Container Spot And Contract Rates Diverge
Categories: News Flash
Date: Sep 08, 2022
A two-tier market within the container shipping sector is opening up as spot rates in key trades co...
Singapore To Trial Integrated Construction Park At Jurong Port, Housing Key Supply Chain Facilities
Categories: News Flash
Date: Sep 07, 2022
Singapore’s first integrated construction park, located at Jurong Port, will be operational from ...
Damen Shipyards Announces All-New Cutter Suction Dredger Range
Categories: News Flash
Date: Sep 07, 2022
First introduced in 2004, more than 250 of the current range have been sold to customers around the...
DNV Urges Cross-Industry Collaboration To Help Overcome “Ultimate Hurdle” Of Fuel Availability
Categories: News Flash
Date: Sep 07, 2022
A key component of DNV’s Energy Transition Outlook (ETO) suite of reports, the 84-page forecast i...
Working On Road Map To Advanced Economy, Says FM Nirmala Sitharaman
Categories: News Flash
Date: Sep 07, 2022
Finance Minister Nirmala Sitharaman said on Monday that while the necessary stimulus for growth wou...
KR, HHI And Liberian Registry Joint Autonomous Navigation System
Categories: News Flash
Date: Sep 07, 2022
A partnership led by South Korea’s Hyundai Heavy Industries (HHI) aims to commercialise a second-...
Shipping Can No Longer Remain On The Sidelines, Says ICS
Categories: News Flash
Date: Sep 07, 2022
The shipping industry must co-operate with other sectors to influence decisions that will fundament...
South Korea Halts Ship Refueling At Key Ports As Typhoon Hinnamor Hits
Categories: News Flash
Date: Sep 07, 2022
Ship refuelling operations were temporarily halted at South Korea’s Busan and Ulsan ports on Tues...
Saudi Arabia’s Dammam Port Sets New Record Of Handling Containers In August
Categories: News Flash
Date: Sep 07, 2022
Saudi Arabia’s King Abdulaziz Port in Dammam sets a new record by handling 199,609 TEUs (twenty-f...
Tankers Could Profit If US Restricts Gasoline And Diesel Exports
Categories: News Flash
Date: Sep 07, 2022
America’s refiners are producing near-record volumes of gasoline and diesel and selling historica...
Baltic Sea Freight Index Falls On Lower Capesize Rates
Categories: News Flash
Date: Sep 07, 2022
The Baltic Exchange’s main sea freight index snapped a three-session long streak of gains on Tues...
Daewoo Shipyard Applies New Technologies To Deliver Eco-Friendly Shuttle Tankers In Time
Categories: News Flash
Date: Sep 06, 2022
Daewoo Shipbuilding & Marine Engineering has delivered two eco-friendly shuttle tankers to its ...
Europe Heading For Recession As Cost Of Living Crisis Deepens
Categories: News Flash
Date: Sep 06, 2022
The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening ...
VOC Port Inks Concession For New 600,000 TEU Container Terminal In India
Categories: News Flash
Date: Sep 06, 2022
The V.O. Chidambaranar (VOC) Port Authority has signed a concession agreement with Tuticorin Intern...
LRQA Certifies Industry-Leading GMS Ship Recycling Monitoring Programme
Categories: News Flash
Date: Sep 06, 2022
GMS’s Sustainable Ship & Offshore Recycling Programme (SSORP) has become the first and only C...
Ocean Shipping Rates Have Plunged 60% This Year
Categories: News Flash
Date: Sep 06, 2022
Freight rates on the main ocean trade routes are sinking during what is typically the industry’s ...
Baltic Index Extends Gains On Higher Rates For Larger Vessels
Categories: News Flash
Date: Sep 06, 2022
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
DNV And DSME Join Hands To Develop Wind-Assisted Propulsion System
Categories: News Flash
Date: Sep 06, 2022
Daewoo Shipbuilding & Marine Engineering (DSME) and DNV have signed a memorandum of understandi...
Wärtsilä Propulsion Solution Selected For Sustainable New Hybrid Tug
Categories: News Flash
Date: Sep 06, 2022
The technology group Wärtsilä will supply its advanced thruster solution for a new hybrid tug bei...
Agreement Reached, SC Closes Case Between Adani Ports And JNPT
Categories: News Flash
Date: Sep 06, 2022
The Supreme Court on September 5 allowed a case involving a dispute between Adani Ports and the Jaw...
Commerce Secretary Optimistic Of Changing Weather After India’s August Trade Data Shows Exports Losing Steam
Categories: News Flash
Date: Sep 06, 2022
A contraction in exports coupled with a high import bill has renewed concerns over India’s wideni...
Tanker Values On The Rise
Categories: News Flash
Date: Sep 05, 2022
Astronger tanker market over the course of the past few weeks, has helped increase prices for tanke...
Iran Navy Says Thwarted Pirate Attack On Ship In Red Sea
Categories: News Flash
Date: Sep 05, 2022
An Iranian naval flotilla foiled a pirate attack on an Iranian merchant vessel in the Red Sea, the ...
Iron Ore Crumbles As China COVID Curbs Dampen Demand
Categories: News Flash
Date: Sep 05, 2022
Dalian iron ore fell on Friday to its weakest level in more than five weeks, while the steelmaking ...
India Is Likely To Become Third Largest Economy By 2029: SBI Report
Categories: News Flash
Date: Sep 05, 2022
India is likely to become the third largest economy by 2029 — up seven places since 2014 when the...
Dry Bulk Market: Capesizes Continue To Struggle
Categories: News Flash
Date: Sep 05, 2022
Capesize The Capesize market continues to struggle as demand for iron ore remains weak. Vessels ...
India’s Oil Imports From Russia Fall In Last Two Months, Down 25% From June
Categories: News Flash
Date: Sep 05, 2022
In the last two months, India’s crude oil imports from Russia have declined. However, the overall...
Container Freight Spot Market Continues To Sit Below Contracted Rates
Categories: News Flash
Date: Sep 05, 2022
High inflation levels, inventory surpluses and inflated costs of living have hampered appetite for ...
British Port Workers Plan Two-Week Strike From Sept. 19
Categories: News Flash
Date: Sep 05, 2022
More than 560 dockworkers at the Port of Liverpool, one of Britain’s largest container docks, wil...
Gibraltar Says Heavy Oil Leaking Into Sea From Cargo Ship
Categories: News Flash
Date: Sep 05, 2022
Gibraltar’s government said a stricken bulk carrier had leaked a small amount of heavy fuel oil i...
Tanker Refloated After Breakdown In Egypt’s Suez Canal
Categories: News Flash
Date: Sep 05, 2022
Tug boats refloated an oil tanker that was briefly stranded in Egypt’s Suez Canal late on Wednesd...
DNV Appoints New Area Manager For UK & Ireland
Categories: News Flash
Date: Sep 03, 2022
DNV, the world’s leading classification society, is pleased to announce that Tony Linden will ste...