News Flash
Growth in Saudi Ports’ Container Volumes Reaches 13.63% during December
Categories: News Flash
Date: Jan 21, 2023
The Kingdom’s ports have ended December in the gains territory with a string of spectacular resul...
Despite India’s economic growth, few jobs and meagre pay for urban youth
Categories: News Flash
Date: Jan 21, 2023
Ravi Verma, hired by an electrical parts manufacturing firm early last year as India’s economy su...
India: Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent
Categories: News Flash
Date: Jan 20, 2023
After three months of stagnant growth, cargo traffic at state-owned ports rose 10.4 per cent in Dec...
OSM Maritime and Thome to merge to strengthen position as a world leader within ship management
Categories: News Flash
Date: Jan 20, 2023
OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces,...
Davies Turner adds direct ocean freight LCL service from UK to India
Categories: News Flash
Date: Jan 20, 2023
With the weak pound providing opportunities for UK exporters currently, Davies Turner is delivering...
Transatlantic Trouble As Extra Capacity Undermines Freight Rates
Categories: News Flash
Date: Jan 20, 2023
2023 has marked a change in fortunes for ocean freight rates from North Europe to the US East Coast...
LNG seeing boost as competitive US bunker fuel as Atlantic cargo prices fall
Categories: News Flash
Date: Jan 20, 2023
LNG is seeing a competitive boost as a US bunker fuel, as FOB prices have dropped sharply from reco...
Baltic index drops to fresh 2-1/2-year low on weaker capesize demand
Categories: News Flash
Date: Jan 20, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Weaker shipping demand hits ocean-freight shipper Matson’s fourth-quarter profit expectations
Categories: News Flash
Date: Jan 20, 2023
Ocean-freight shipping company Matson Inc. on Wednesday reported a preliminary fourth-quarter profi...
The Panama Ship Registry Continues To Adapt Its Processes For 2023
Categories: News Flash
Date: Jan 20, 2023
The Panama Ship Registry continues its leadership position worldwide, ranking first among the 10 mo...
VLFSO: Spot market retains strength; Singapore stocks at five-week lows
Categories: News Flash
Date: Jan 20, 2023
Asia’s spot fuel oil market continued to firm on Thursday, while residual fuel stocks at Singapor...
All administration tasks in OpenDXM GlobalX 9.4 now in the web
Categories: News Flash
Date: Jan 20, 2023
PROSTEP AG’s maintenance customers can now download the new version 9.4 of the OpenDXM GlobalX da...
Hapag-Lloyd and CMA CGM Add a New Service to Jeddah Islamic Port
Categories: News Flash
Date: Jan 19, 2023
The Saudi Ports Authority (Mawani) has today announced the addition of the Indamex 2 (IN2) shipping...
KARMOL Secure $71 Million Loan From Japanese Banks for SENEGAL FSRU
Categories: News Flash
Date: Jan 19, 2023
Karpower International B.V. (Karpowership) and Mitsui O.S.K. Lines, Ltd. have reached a deal with J...
Baltic index extends fall as vessel rates falter
Categories: News Flash
Date: Jan 19, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Newbuilding Orders for Chinese-Built Dry Bulk Carriers On the Rise
Categories: News Flash
Date: Jan 19, 2023
Newbuilding activity for 2023 has began to pick up the pace, with the main focus, so far, being ord...
U.S. Coast Guard responds to spill in Mississippi River after vessel capsizes
Categories: News Flash
Date: Jan 19, 2023
The U.S. Coast Guard said it was responding to an oil spill in the Mississippi River after a dredgi...
Kazakhstan recruits Abu Dhabi Ports to develop Caspian tanker fleet
Categories: News Flash
Date: Jan 19, 2023
United Arab Emirates’ Abu Dhabi Ports will help Kazakhstan to build a tanker fleet in the Caspian...
Asyad Shipping to bolster its fleet with two new LNG carriers
Categories: News Flash
Date: Jan 19, 2023
Asyad Shipping – the shipping arm of Oman’s global integrated logistics service provider Asyad ...
FSO Safer: Plans to salvage rusting oil tanker delayed by rising shipping costs
Categories: News Flash
Date: Jan 19, 2023
A rusting oil tanker that has been described as a “floating time bomb” moored in the Red Sea is...
India’s Russian oil binge drags down OPEC’s share to lowest in 2022
Categories: News Flash
Date: Jan 19, 2023
Russia became the third-largest oil supplier to India in 2022, making up about 15% of total purchas...
Naphtha margin down, but China optimism cushions fall
Categories: News Flash
Date: Jan 19, 2023
Asia’s naphtha refining profit margin inched lower on Wednesday as crude prices jumped about 1%, ...
Government set to ban 25-year-old oil tankers, bulk carriers and other ships calling Indian Ports
Categories: News Flash
Date: Jan 18, 2023
The government is set to ban 25-year-old oil tankers, bulk carriers and general cargo vessels, both...
Exports slide 12% on recession fears; trade deficit widens to $23.76 bn
Categories: News Flash
Date: Jan 18, 2023
India’s merchandise exports contracted 12.2 per cent year-on-year (YoY) in December to $34.48 bil...
Containers stuck at ports despite SBP order: KATI
Categories: News Flash
Date: Jan 18, 2023
President of the Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has expressed con...
Electricity constraints force Canada’s first LNG terminal to delay renewable shift
Categories: News Flash
Date: Jan 18, 2023
Shell PLC’s LNG Canada export project in British Columbia plans to start building its proposed se...
Ascenz secures a first contract in Mexico for its electronic fuel monitoring system solution
Categories: News Flash
Date: Jan 18, 2023
Ascenz, a GTT Digital company, has been selected by a major Mexican ship-owner to equip a tanker wi...
Spot 380-cst HSFO extends gain on stronger bidding
Categories: News Flash
Date: Jan 18, 2023
Asia’s spot cash differential for 380-cst high sulphur fuel oil (HSFO) extended gains to a second...
The BMA launches comprehensive online reporting tool for use by managers and owners
Categories: News Flash
Date: Jan 18, 2023
In line with The Bahamas Maritime Authority’s (BMA) commitment to consistently high standards and...
Baltic index falls to fresh multi-year lows on lower capesize rates
Categories: News Flash
Date: Jan 18, 2023
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commoditi...
Indian, European oil firms evaluating bids for Guyana blocks
Categories: News Flash
Date: Jan 18, 2023
Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companie...
Ship Recycling “Slow Steaming” into 2023
Categories: News Flash
Date: Jan 18, 2023
The ship recycling market has, so far, failed to impress at the beginning of 2023. In its latest we...