News Flash
Decisions, Decisions, Decisions: Asset Plays Are Getting Trickier For Shipowners
Categories: News Flash
Date: Jan 10, 2023
Investment strategies involving a shipping company’s assets are always a tricky proposition, but ...
New trade corridor to connect Jeddah Islamic Port to India and West Mediterranean
Categories: News Flash
Date: Jan 10, 2023
The Saudi Ports Authority (Mawani) revealed on Monday that liner operator MSC (Mediterranean Shippi...
PM Modi to lay foundation of ship repair facility, inaugurate Maritime Skill Centre in Guwahati
Categories: News Flash
Date: Jan 10, 2023
With the aim to ramp up capacity in Pandu port in Guwahati, Prime Minister Narendra Modi will unvei...
Fall in India nominal GDP growth in FY24 to challenge fiscal math
Categories: News Flash
Date: Jan 10, 2023
India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pres...
Ship capsizes at Indian port
Categories: News Flash
Date: Jan 09, 2023
A general cargo ship, Sea Express, lost stability during cargo operations at Mundra Port in In...
Corporate buyers club aiming to slash climate impact of heavy industry picks up steam
Categories: News Flash
Date: Jan 09, 2023
While there was frustration that governments failed to raise the bar on climate action at COP27, so...
Shenzhen ports ramping up preparation for border reopening with HK
Categories: News Flash
Date: Jan 09, 2023
In preparation for border reopening with the Hong Kong Special Administrative Region (HKSAR) since ...
CMA CGM completes Russia exit with terminal stakes sale
Categories: News Flash
Date: Jan 09, 2023
French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesti...
Tehran mulling over launching direct shipping line to Brasilia
Categories: News Flash
Date: Jan 09, 2023
Head of the Iran-Brazil Joint Chamber of Commerce has announced the possibility of launching a dire...
Parties Obtain World’s First AiP for Ammonia Floating Storage and Regasification Barge
Categories: News Flash
Date: Jan 09, 2023
NYK Line, Nihon Shipyard Co., Ltd. (NSY), and IHI Corporation (IHI) received an Approval in Princip...
Signing LNG Supply Basic Agreement for 2 New LNG-Fueled Ferries on Oarai-Tomakomai Route
Categories: News Flash
Date: Jan 09, 2023
Mitsui O.S.K. Lines, Ltd. (MOL), MOL Ferry Co., Ltd. (MOL Ferry), Japan Petroleum Exploration Co., ...
New DNV Deck Carrier notation supports emerging ship type
Categories: News Flash
Date: Jan 09, 2023
Climate change and energy uncertainty in the face of political conflict have brought new urgency to...
Black Sea shipping rates rise as reinsurers cut cover
Categories: News Flash
Date: Jan 09, 2023
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth ...
Indian economy in a relative ‘bright spot’, must leverage exports: IMF official
Categories: News Flash
Date: Jan 09, 2023
India is in a relative “bright spot” in the world economy, but needs to leverage its existing s...
Container spot freight rates rise for first time in 43 weeks
Categories: News Flash
Date: Jan 07, 2023
Drewry’s composite World Container Index (WCI) rose 0.7% in the week ended 5 January 2023, ending...
Shanghai retains world’s top container port crown with marginal growth
Categories: News Flash
Date: Jan 07, 2023
Last year, container volume at Shanghai port exceeded 47.3m teu, maintaining crown the wo...
LNG/Hydrogen-fuelled VLCC design from SWS gets AiP
Categories: News Flash
Date: Jan 07, 2023
The LNG/Hydrogen-fuelled vessel general arrangement developed by SWS is based on the result of a jo...
Russian aggression disrupts tanker trades, spot fixtures down 8%
Categories: News Flash
Date: Jan 07, 2023
Analysing reported dirty spot fixtures in 2022, New York broker Poten & Partners has noted a nu...
IMO Helps Expand Whale Protection Areas in Santa Barbara Channel
Categories: News Flash
Date: Jan 07, 2023
This summer, new vessel traffic lanes and no-go whale protection areas will take effect near Califo...
Bangladesh Orders Four Ships from China in Fleet Expansion Effort
Categories: News Flash
Date: Jan 07, 2023
Bangladesh has become the latest country to launch plans to expand its national commercial shipping...
Russia’s Dominance In The Indian Crude Oil Market To Continue In 2023
Categories: News Flash
Date: Jan 07, 2023
For several years, India has been importing crude oil from Iran and Saudi Arabia, which serves as t...
India is first port of call for UK ship in Indian Ocean
Categories: News Flash
Date: Jan 07, 2023
Over the next five days, the ship and her crew will undertake capability demonstrations and maritim...
MOL to build sail-fitted hydrogen-producing ship
Categories: News Flash
Date: Jan 07, 2023
The construction forms part of the company’s Wind Hunter programme, which seeks new applications ...
Carriers Failed to Act on Capacity Losing Market Control
Categories: News Flash
Date: Jan 07, 2023
The container lines failed to respond quickly enough to changes in the markets as volumes plummeted...
LNG has a key role in India’s energy system
Categories: News Flash
Date: Jan 06, 2023
Over the years, global energy systems have come to be very large andconnected. The situation in Eur...
DNV and RSI launch Baltic and North Sea green fleet renewal study
Categories: News Flash
Date: Jan 06, 2023
DNV and the Responsible Shipping Initiative (RSI), an alliance of Swedish dry bulk charterers, have...
World Container Index Up 0.7% This Week
Categories: News Flash
Date: Jan 06, 2023
Drewry’s composite World Container Index increased by 0.7% to $2,135.16 per 40ft container this w...
Weak vessel demand drags Baltic index to near 4-month low
Categories: News Flash
Date: Jan 06, 2023
The Baltic Exchange’s dry bulk sea freight index extended its decline to hit a near four-month lo...
Iran, Russia sign deal to build ship for Caspian Sea port
Categories: News Flash
Date: Jan 06, 2023
Iran and Russia have signed a contract for building a cargo ship for the Caspian Sea port of Solyan...
Over 23K ships transit Suez Canal in 2022
Categories: News Flash
Date: Jan 06, 2023
The Chairman of the Suez Canal Authority (SCA), Osama Rabie, said a total of 23,583 ships transited...
Maneesh Pradhan appointed Chairman of shipping association, MASSA
Categories: News Flash
Date: Jan 06, 2023
Mr Maneesh Pradhan, a veteran marine engineer, has been appointed as the Chairman of India’s lead...
Tankers International adds to VLCC Pool off the back of a buoyant end to 2022
Categories: News Flash
Date: Jan 06, 2023
Tankers International, the world’s leading shipping pool for VLCCs, has grown rapidly throughout ...