News Flash
IMB Calls for Vigilance While Highlighting Drop in Piracy in 2022
Categories: News Flash
Date: Jan 13, 2023
The ICC International Maritime Bureau (IMB) is once again highlighting the continuing decline in gl...
EoI for Rs 17,000cr transhipment port in Nicobar Islands by Jan-end
Categories: News Flash
Date: Jan 13, 2023
The Kolkata port on Thursday said an Expression of Interest (EoI) for the country's first mega cont...
Sea-Intelligence reports volume shrinking in North America West Coast
Categories: News Flash
Date: Jan 13, 2023
Sea-Intelligence noted in its latest report that when annualised against 2019, volume growth o...
VLSFO premium rises as inventories fall
Categories: News Flash
Date: Jan 13, 2023
Asia’s very low sulphur fuel oil (VLSFO) market gained on Thursday after stocks at Singapore trad...
New Mangalore Port Authority first new member of 2023
Categories: News Flash
Date: Jan 13, 2023
We are pleased to announce that New Mangalore Port Authority has joined IAPH as our first new regul...
Damen, NAPA and Bureau Veritas successfully deploy 3D classification approvals for first ship design
Categories: News Flash
Date: Jan 13, 2023
Damen Engineering has announced the completion of its first vessel design to be entirely created, r...
Baltic index hits over 4-month low as vessel demand wanes
Categories: News Flash
Date: Jan 12, 2023
The Baltic Exchange’s main sea freight index dropped to a more than four-month low on Wednesday, ...
Ship Recycling: Bigger but Fewer Ships Were Sent to India in 2022, as Bangladesh Rec
Categories: News Flash
Date: Jan 12, 2023
The ship recycling market in 2022, wasn’t that much different to 2021, in terms of the level of a...
India will do better than most of its Asian peers in 2023
Categories: News Flash
Date: Jan 12, 2023
India: At a glanceIndia’s economy is bucking the global trend, showing signs of strength in the t...
Paradip Port enters 100-MMT cargo handling ‘exclusive club’
Categories: News Flash
Date: Jan 12, 2023
Paradip Port Authority (PPA), Odisha’s lone major port, has achieved yetanother 100 million metri...
Rise in ship anchorages in Strait of Georgia has some communities worried about environmental impacts
Categories: News Flash
Date: Jan 12, 2023
Days after a bulk freighter lost power and had to be towed to the coast of Greater Victoria, the in...
Adani Group completes purchase of Israel’s Haifa Port
Categories: News Flash
Date: Jan 12, 2023
A consortium led by India’s Adani Group has completed the purchase of Haifa Port&n...
China’s reopening could boost Australia’s economy by 1%, JPMorgan says
Categories: News Flash
Date: Jan 12, 2023
Australia’s economy could be no small beneficiary of an end to China’s zero-Covid policy over t...
Some shipping firms face hardship, some gain
Categories: News Flash
Date: Jan 12, 2023
In the context of rising interest rates and the US dollar, many port and shipping companies are con...
Shipowner Pleads Guilty to Violating U.S. Sanctions on Iranian Oil
Categories: News Flash
Date: Jan 12, 2023
A naturalized U.S. citizen who was illicitly involved in oil trading with Iran is facing a maximum ...
Scorpio’s first-quarter rates liftoff comes in face of twin headwinds
Categories: News Flash
Date: Jan 12, 2023
If a $14,000 per day improvement from already-strong fourth-quarter rates does not excite you, mayb...
Baku International Sea Trade Port continues operating normally despite snowy weather
Categories: News Flash
Date: Jan 11, 2023
Baku International Sea Trade Port (Port of Baku) continues to operate normally despite heavy snow, ...
Container shipping stocks decline on lower freight rates
Categories: News Flash
Date: Jan 11, 2023
South Korean container shipping stocks, which surged after the Covid-19 pandemic, are falling amid ...
Shipping companies need to allow more time for crew changes as the industry sees more workers from non-traditional seafaring countries, says leading specialists
Categories: News Flash
Date: Jan 11, 2023
Shipping companies should allow at least three months for crew changes due to the recent rise in se...
Baltic index falls, panamax hits lowest in two years
Categories: News Flash
Date: Jan 11, 2023
The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commoditi...
Cyber-attack on ShipManager, a DNV software
Categories: News Flash
Date: Jan 11, 2023
DNV confirms its ShipManager software was victim of a cyber-attack on the evening of Saturday 7 Jan...
China cancels crew change quarantine against Covid
Categories: News Flash
Date: Jan 11, 2023
China’s Ministry of Transport, Ministry of Foreign Affairs, National Health Commission,...
Release deal sought as judge sets oil ‘theft’ trial for VLCC crew
Categories: News Flash
Date: Jan 11, 2023
A judge on Tuesday ordered that 26 crew members of a VLCC should stand trial next month in a contro...
IMO, IAPH and BIMCO look forward to Hybrid Maritime Single Window 2024 Symposium 18-19/01/23
Categories: News Flash
Date: Jan 11, 2023
IMO, IAPH and BIMCO have announced the agenda of the upcoming symposium which will be taking place ...
Early Year Dry Bulk Demand Could Favor an Increase in Freight Rates
Categories: News Flash
Date: Jan 11, 2023
China and India appear to be ramping up their import “engines”. China recently agreed to boost ...
World’s biggest ship skips India in blow to its trade goals
Categories: News Flash
Date: Jan 11, 2023
Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back b...
Ctg port asks importers to take quick delivery of dangerous goods
Categories: News Flash
Date: Jan 10, 2023
The Chattogram port authorities have called upon importers to take quick delivery of dangerous good...
Direct shipping line launched between Iran, Cuba
Categories: News Flash
Date: Jan 10, 2023
Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari said a direct shipping line has...
ABS and HD Hyundai Sign Landmark Agreement on Broad-Reaching Autonomous Projects
Categories: News Flash
Date: Jan 10, 2023
ABS and HD Hyundai signed a comprehensive memorandum of understanding (MoU) to continue working tog...
Baltic index snaps 6-session losing streak on higher capesize rates
Categories: News Flash
Date: Jan 10, 2023
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodit...
Multipurpose shipping to outgun competing sectors
Categories: News Flash
Date: Jan 10, 2023
While multipurpose vessel (MPV) rates are expected to soften through 2023, the rate of decline is e...
Some ocean shipping rates collapsing, but real price relief is months away
Categories: News Flash
Date: Jan 10, 2023
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmar...