News Flash
China’s surprise COVID pivot offers new hope to shipping markets
Categories: News Flash
Date: Dec 12, 2022
Shipping stocks swooned when Chinese protesters took to the streets. But the civil unrest is turnin...
North America container import rates plummet from record highs amid peak season flop
Categories: News Flash
Date: Dec 12, 2022
Container shipping rates for North American imports have plummeted since the start of the year, wit...
China slowdown sounds alarm bells for dry bulk market
Categories: News Flash
Date: Dec 12, 2022
Stormy seas lie ahead for the dry bulk market as the shipping industry comes to terms with the new ...
UN shipping agency inches towards 2030 emission reduction goal
Categories: News Flash
Date: Dec 12, 2022
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepar...
Dry Bulk Market: Capesizes Rise Again
Categories: News Flash
Date: Dec 12, 2022
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at ...
Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
Categories: News Flash
Date: Dec 12, 2022
The product tanker market is expected to benefit significantly from the sanctions imposed on Russia...
India Nov thermal coal imports at 10 month-low as local output soars
Categories: News Flash
Date: Dec 12, 2022
India’s thermal coal imports fell to the lowest levels in 10 months during November, data from co...
S. Korea: More LNG Carrier Orders Anticipated Next Year
Categories: News Flash
Date: Dec 12, 2022
Mozambique is resuming its LNG development project and contracts of Hyundai Samho Heavy Industries ...
G7 Russian oil price cap evolves from revenue squeeze to market anchor
Categories: News Flash
Date: Dec 12, 2022
When U.S. officials first floated the idea of capping Russian oil export prices in response to a pl...
Shipowner Decarbonisation Survey Identifies ‘Collaboration Crisis’
Categories: News Flash
Date: Dec 09, 2022
A survey of shipowners conducted by design and engineering consultancy, Houlder, has highlighted th...
Turkey says will hold tankers for checks despite queue to pass Bosphorus
Categories: News Flash
Date: Dec 09, 2022
Turkey’s maritime authority said on Thursday it would continue to block oil tankers without appro...
Dry bulk market seen set to remain invested in traditional bunker fuels for next 5 years
Categories: News Flash
Date: Dec 09, 2022
Despite the push for decarbonization and alternative carbon-neutral fuels in the maritime sector, o...
Spot rates out of Far East almost 2000 USD cheaper per FEU than long-term rates in dramatic turnaround
Categories: News Flash
Date: Dec 09, 2022
The ocean freight rates landscape in the Far East has been completely redrawn since the start of th...
PPA S.A.: Infrastructure upgrade and reconstruction works at the Perama Ship Repair Zone successfully completed
Categories: News Flash
Date: Dec 09, 2022
PPA S.A. announces the successful completion of large-scale infrastructure upgrade works at the Eas...
India Debates Specific Law For Maritime Piracy
Categories: News Flash
Date: Dec 09, 2022
A bill that seeks to come up with a law to adequately deal with piracy in international waters was ...
AD Ports Group signs partnership agreement with Agthia Group
Categories: News Flash
Date: Dec 09, 2022
Agthia Group, one of the region’s leading food and beverage companies, today announced that it ha...
Harbor Lab secures €6.1 million in seed funding to help shipping companies better manage port expenses
Categories: News Flash
Date: Dec 09, 2022
Maritime tech startup, Harbor Lab, has secured €6.1 million in funding to further develop its shi...
Marlow Strengthens Offshore Division
Categories: News Flash
Date: Dec 09, 2022
The latest initiative gathers all offshore related ship management activities from within the Group...
Nor-Shipping targets renewable potential with first Norwegian Offshore Wind pavilion
Categories: News Flash
Date: Dec 09, 2022
Nor-Shipping has announced that its 2023 event, taking place in Oslo and Lillestrøm, 6-9 June, wil...
Coast Guard faults pilot in Chesapeake Bay ship grounding
Categories: News Flash
Date: Dec 08, 2022
A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay fault...
Shipping industry and unions sign MOU to preserve cooperative spirit of pandemic
Categories: News Flash
Date: Dec 08, 2022
Unions representing seafarers and maritime employer groups have come together to sign a new memoran...
INTERCARGO Statement on IMO Decarbonisation Ambitions, Medium-Term Measures and Carbon Intensity Indicators
Categories: News Flash
Date: Dec 08, 2022
INTERCARGO continues to fully support the ambition to achieve net zero emission shipping by 2050. I...
Russia is concerned over oil tankers build-up in Bosphorus
Categories: News Flash
Date: Dec 08, 2022
Russia is concerned about a build-up of oil tankers in the Bosphorus Strait and is discussing the i...
Global Maritime Forum report lays out action plan for shipping’s long-term challenges and opportunities
Categories: News Flash
Date: Dec 08, 2022
The key message that echoed across the discussions was that the maritime sector must not lose the d...
Global container volumes fall 9.3% y/y as historic growth cycle ends
Categories: News Flash
Date: Dec 08, 2022
From mid-2020, global container export volumes saw strong growth, and combined with increasing port...
Baltic index at near one-month high on firm capesize demand
Categories: News Flash
Date: Dec 08, 2022
The Baltic Exchange’s dry bulk sea freight index rose to its highest level in almost a month on W...
Diana Shipping Inc. Announces Sale And Leaseback of m/v DSI Andromeda and Time Charter Contract for m/v DSI Pegasus With Reachy
Categories: News Flash
Date: Dec 08, 2022
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-i...
Tankers Changing Hands Left, Right and Center
Categories: News Flash
Date: Dec 08, 2022
Sanctions on Russian oil have triggered major moves in the tanker market, with Russia and its allie...
Lok Sabha takes up debate on Anti-Maritime Piracy Bill
Categories: News Flash
Date: Dec 08, 2022
THE LOK Sabha on Wednesday took up for the second time in three years a Bill to make a law to tackl...
Request from the Turkish authorities for confirmatory letters of P&I cover for ships entering international straits and Turkish waters, ports and terminals
Categories: News Flash
Date: Dec 06, 2022
The Government of Turkey issued a notice dated 16 November 2022 which requires all ships transiting...
Sohar Port and Freezone reports strong results for 2022 third quarter
Categories: News Flash
Date: Dec 06, 2022
Sohar Port and Freezone has announced strong results for the third quarter of 2022 as the Port thro...
Calabar Port receives largest tonnage of single general cargo vessel
Categories: News Flash
Date: Dec 06, 2022
The concerted efforts of the Mohammed Bello Koko-led Management of the Nigerian Ports Authority at ...