News Flash
Singapore fuel oil stocks rebound; net imports up for third week
Categories: News Flash
Date: Jan 06, 2023
Residual fuel oil stocks at key trading hub Singapore climbed from the previous week as net imports...
Ambuja Cements announces wholly owned subsidiary – Ambuja Shipping Services
Categories: News Flash
Date: Jan 06, 2023
Ambuja Cements on 4 January announced that the company hasincorporated a wholly owned subsidiary co...
South Korean shipbuilders bet big on green fuels
Categories: News Flash
Date: Jan 05, 2023
South Korea’s big three shipyards are accelerating their efforts to build green ships using eco-f...
Oil product stockpiles drop 1.5% after second-highest annual exports
Categories: News Flash
Date: Jan 05, 2023
Oil product stockpiles at the UAE’s Port of Fujairah dropped 1.5% in the week ended Jan. 2, after...
China Shipowners’ Association joins International Chamber of Shipping
Categories: News Flash
Date: Jan 05, 2023
The International Chamber of Shipping (ICS) is pleased to welcome the China Shipowners’ Associati...
Crude tanker rates down double digits after Russia sanctions debut
Categories: News Flash
Date: Jan 05, 2023
The EU ban on Russian seaborne crude imports went into effect a month ago. This market-altering eve...
Chinese export container rates drop 27% as usual Lunar New Year cargo rush fails
Categories: News Flash
Date: Jan 05, 2023
The bad news for liner operators appears to have no end. In a normal year, the weeks leading up to ...
Baltic index hits over 1-month low on weak vessel demand
Categories: News Flash
Date: Jan 05, 2023
The Baltic Exchange’s dry bulk sea freight index extended its decline to hit an over one-month lo...
OPEC oil output rises despite production target cuts
Categories: News Flash
Date: Jan 05, 2023
OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the ...
Container line schedule reliability improves in second half 2022
Categories: News Flash
Date: Jan 05, 2023
Global container line schedule reliability saw considerable improvement in the second half of 2022 ...
Port Houston to impose import container dwell fee
Categories: News Flash
Date: Jan 05, 2023
The measure that seeks to address the long stay of containers and reduce congestion at the Bay...
India’s services growth at 6-month high on robust demand – PMI
Categories: News Flash
Date: Jan 05, 2023
India’s services industry saw activity increase at the fastest pace in six months during the fina...
Chinese ports remain globally competitive despite pandemic in 2022
Categories: News Flash
Date: Jan 04, 2023
China’s largest sea ports posted strong performance in 2022 braving the negative impact from the ...
Shipping Corporation of India gets govt nod to split core and non-core assets
Categories: News Flash
Date: Jan 04, 2023
The Ministry of Corporate Affairs (MCA) has granted permission to a plan to split the core and non-...
Vesconite connected to communication satellite launch
Categories: News Flash
Date: Jan 04, 2023
Vesconite Bearings is proud to be associated with an exciting communication satellite launch that t...
IMO progress on revised GHG strategy, Mediterranean ECA adopted
Categories: News Flash
Date: Jan 04, 2023
The Marine Environment Protection Committee (MEPC 79) of the International Maritime organization (I...
Baltic index logs worst day in decades as vessel demand wanes
Categories: News Flash
Date: Jan 04, 2023
The Baltic Exchange’s dry bulk sea freight index on Tuesday posted its worst decline on record, p...
Tsakos Energy Navigation’s Ship Delivers First LNG cargo at Germany’s LNG terminal in Wilhelmshaven
Categories: News Flash
Date: Jan 04, 2023
Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to the new LNG terminal,...
China’s Crude Oil Imports Retreated During 2022
Categories: News Flash
Date: Jan 04, 2023
Crude oil imports into China were down 4.6% year-on-year during the first 11 months of 2022. In its...
MSC to connect India with the East Mediterranean
Categories: News Flash
Date: Jan 04, 2023
MSC (Mediterranean Shipping Company) has included JubailCommercial Port in Saudi Arabia in the port...
India accelerate plans for shipping hub at Andaman and Nicobar Islands with connections to South East Asia
Categories: News Flash
Date: Jan 04, 2023
India is seeking to speed up ambitious plans to convert the strategicallysituated Andaman and Nicob...
Ship From The Elizabethan Period Discovered Buried In Quarry
Categories: News Flash
Date: Jan 04, 2023
In 2022, workers of CEMEX who had been dredging for aggregates found at a quarry on the Dungeness H...
Shipping throughput of Three Gorges Dam hits new record
Categories: News Flash
Date: Jan 03, 2023
The shipping throughput of the Three Gorges Dam, the world’s largest hydropower project, hit a ne...
Da Nang Port handles first cargo batches of 2023
Categories: News Flash
Date: Jan 03, 2023
During the ceremony, the first tonnes of cargo in 2023 were unloaded from the 12,649 DWT Vietnamese...
Roads for port connectivity: Project awards gather pace
Categories: News Flash
Date: Jan 03, 2023
The ministry of road transport and highways will award 15 port connectivity projects with total len...
A. P. Moller – Maersk completes acquisition of project logistics specialist Martin Bencher Group
Categories: News Flash
Date: Jan 03, 2023
A.P. Moller – Maersk (Maersk) announces the completion of its acquisition of Martin Bencher Group...
Castor Maritime Inc. Announces Filing of a Revised Registration Statement for the Proposed Spin-Off of its Tanker Fleet
Categories: News Flash
Date: Jan 03, 2023
Castor Maritime Inc, a diversified global shipping company, announced today that its Board of Direc...
New shipping regulation to combat global warming is under fire
Categories: News Flash
Date: Jan 03, 2023
The ocean shipping industry is just days away from the debut of the Carbon Intensity Indicator (CII...
Decarbonization Panama and the Ship Registry’s commitment
Categories: News Flash
Date: Jan 03, 2023
Currently the Panama Registry, through its incentive program for shipowners and companies, promotes...
Maritime and data: Seven predictions for the year ahead
Categories: News Flash
Date: Jan 03, 2023
As the worst stages of the COVID-19 pandemic receded in 2022, maritime businesses may have expected...
Two-tier freight market may keep global tanker rates firm
Categories: News Flash
Date: Jan 03, 2023
Global tankers freight across clean and dirty products segments will likely be firm in 2023 but unl...
Ship Recycling Starts 2023 Looking for More Activity
Categories: News Flash
Date: Jan 03, 2023
The ship recycling market has had a challenging 2022, with a general lack of activity. In its lates...