News Flash
Seven Islands Shipping expands fleet with a medium range oil tanker
Categories: News Flash
Date: Jan 17, 2023
Seven Islands shipping Ltd, backed by Indian born Canadian businessman Prem Watsa – led Fairfax I...
Indian Register of Shipping (IRS) undertakes classification services for Floating Dock and New Generation OPVs at Goa Shipyard
Categories: News Flash
Date: Jan 17, 2023
The leading classification society, Indian Register of Shipping (IRS), is providing classification ...
Wilhelmsen enters into agreement to acquire Navadan, to join forces and grow further within tank and cargo hold cleaning
Categories: News Flash
Date: Jan 17, 2023
Throughout the last 25 years, Navadan have built themselves into a strong player within tank and ca...
Crude oil tanker rates cool off as Chinese imports rise
Categories: News Flash
Date: Jan 17, 2023
As China eases COVID restrictions and opens up its economy, new trends are emerging in the shipping...
VLSFO premium rises for fifth straight session
Categories: News Flash
Date: Jan 17, 2023
The spot cash premium for 0.5% very low sulphur fuel oil (VLSFO) rose for a fifth consecutive day o...
New advisory committee launched to address major maritime issues impacting Filipino seafarers
Categories: News Flash
Date: Jan 17, 2023
Global leaders from organisations representing seafarers, shipowners and other maritime employers s...
Cyprus floats automatic ship tonnage tax renewal to buffer sector
Categories: News Flash
Date: Jan 17, 2023
Cyprus has suggested automatic renewals of tonnage tax systems as one of a series of measures to ha...
Ample supply likely to weigh on Asian HSFO market
Categories: News Flash
Date: Jan 17, 2023
The Asian high sulfur fuel oil market is likely to be bogged down for most part of 2023 by ample Ru...
Baltic index near multi-year low; capesize and panamax rates edge up
Categories: News Flash
Date: Jan 17, 2023
The Baltic Exchange’s main sea freight index was unchanged on Monday, languishing near the multi-...
Asian Markets Are Dominating Russian Crude Trades
Categories: News Flash
Date: Jan 17, 2023
The tanker market is expected to continue being influenced by the structural shift of seaborne oil ...
Pacific Basin Shipping Purchases Six Second-hand Vessels as Part of On-going Fleet Renewal and Growth Strategy
Categories: News Flash
Date: Jan 16, 2023
Pacific Basin Shipping Limited (“Pacific Basin” or the “Company”, 2343.HK), one of the worl...
Singapore 2022 bunker fuel sales dip 4.3% y/y to 47.9 mln tonnes
Categories: News Flash
Date: Jan 16, 2023
Sales of marine fuel in Singapore, including sales of liquefied natural gas and biofuels, fell 4.3%...
Asia-US container rates stable this week as ocean freight begins to normalize
Categories: News Flash
Date: Jan 16, 2023
Rates for shipping containers from east Asia and China to the US were largely stable this week, an ...
Dry Bulk Market: Capesizes Endure Significant Losses
Categories: News Flash
Date: Jan 16, 2023
Capesize The Capesize market had a positive opening on Monday followed by consecutive declines o...
Russian oil shipped to Asia in Chinese supertankers amid ship shortage
Categories: News Flash
Date: Jan 16, 2023
At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to tr...
Revised IMO GHG Reduction Strategy Could Be Coming Sooner, Rather Than Later
Categories: News Flash
Date: Jan 16, 2023
Regulatory pressure on shipping to further move towards emissions reduction, is only going to get h...
India’s trade deficit with China breaches $100 billion first time
Categories: News Flash
Date: Jan 16, 2023
India’s trade deficit with China breaching $100 billion for the first time in2022 according to th...
Ctg port to start handling 10m-draught vessels tomorrow
Categories: News Flash
Date: Jan 16, 2023
The Chattogram port is now equipped to handle large container vessels, featuring 10-metre-drought a...
Tankers: VLCCs Continue Trending Downwards
Categories: News Flash
Date: Jan 16, 2023
Clean The CPP tanker market remained mostly under pressure this week and this was reflected in t...
India’s major ports see 9 per cent increase in traffic handled in April-Dec period
Categories: News Flash
Date: Jan 16, 2023
India’s 12 major ports have seen a 9 per cent increase in traffichandled, y-o-y, for the April ...
India is eyeing on ₹35KCr investments by 2047 to create a network of waterways
Categories: News Flash
Date: Jan 14, 2023
Sanjay Bandopadhyaya, Chairman of the Inland WaterwaysAuthority of India (IWAI), said that India is...
Spot 380-cst HSFO market slips into discount
Categories: News Flash
Date: Jan 14, 2023
The spot cash differential for 380-cst high sulphur fuel oil (HSFO) slipped into discounts on Frida...
Singapore 2022 bunker sales down 4.2% on year, lowest since 2019
Categories: News Flash
Date: Jan 14, 2023
Bunker fuel sales in Singapore in 2022 fell 4.2% to 47.88 million mt, the lowest in three years and...
Global oil demand returns to growth trajectory
Categories: News Flash
Date: Jan 14, 2023
Record global petroleum consumption is on the cards for 2024, according to the U.S. Energy Informat...
Baltic index hits over 2-1/2-year low on weak vessel demand
Categories: News Flash
Date: Jan 14, 2023
The Baltic Exchange’s main sea freight index on Friday fell to its lowest since June 2020 as dema...
Indonesia Coal Finds Its Way to the EU and Indian Markets
Categories: News Flash
Date: Jan 14, 2023
Indonesia’s coal exports surged during 2022, with the EU and India receiving the lion’s share o...
From importer, India can be exporter of energy, says Nitin Gadkari at Auto Expo 2023
Categories: News Flash
Date: Jan 14, 2023
Greater Noida (Uttar Pradesh) [India], January 12 (ANI): India is seriously thinking about alternat...
India to seek easing of EU steel quotas, tarrifs in trade talks
Categories: News Flash
Date: Jan 14, 2023
India will seek an easing of European Union steel import quotas and tarrifs in talks for a new trad...
Danica Crewing Specialists adds Indian seafarers to its international crew pool
Categories: News Flash
Date: Jan 14, 2023
International crewing expert Danica Crewing Specialists now has a presence in Mumbai, boosting its ...
Saudi Arabia Boosts its Maritime Connectivity with LSCI Jump
Categories: News Flash
Date: Jan 14, 2023
The Kingdom of Saudi Arabia has registered a significant improvement in the UNCTAD’s Liner Shippi...
Waning vessel demand drags Baltic index lower
Categories: News Flash
Date: Jan 13, 2023
The Baltic Exchange’s main sea freight index on Thursday posted its worst day since the start of ...
LNG Tankers Most Popular Among Newbuilding Orders
Categories: News Flash
Date: Jan 13, 2023
The popularity of LNG tankers among newbuilding orders is rather evident over the past few weeks. I...