News Flash
Inflation stalks vessel operating costs
Categories: News Flash
Date: Nov 08, 2022
Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price p...
Baltic index up as capesizes hit one-week high
Categories: News Flash
Date: Nov 08, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Monday as higher demand for cape...
Iraq approves 2-year funds for Faw port project
Categories: News Flash
Date: Nov 08, 2022
Iraq has approved two-year budget allocations for the completion of the multi-billion-dollar Al Faw...
Tankers: Diesel Shortages in the EU and the US Could Generate more Cargoes from Asia
Categories: News Flash
Date: Nov 08, 2022
One of the main shortages caused by the existing conditions in the energy markets and the looming s...
Sri Lanka, India discuss common maritime challenges
Categories: News Flash
Date: Nov 07, 2022
The navies of India and Sri Lanka have discussed ways to strengthen bilateral cooperation and actio...
Opportunities for growth increasing in maritime sector, says Sonowal
Categories: News Flash
Date: Nov 07, 2022
Be it Sagaramala, National Logistics Policy or the PM Gati Shakti plan, several important init...
Container handling at Ctg port sees continuous fall for three months
Categories: News Flash
Date: Nov 07, 2022
Revenue collection at Chattogram Customs House has declined as container handling through Chattogra...
The Liberian Registry signs an MoU with HHI, AVIKUS and DNV to develop autonomous ship technology
Categories: News Flash
Date: Nov 07, 2022
The Liberian Registry, the world’s second largest ship registry, signed a memorandum of understan...
“K” LINE enters into Long-Term Time Charter with QatarEnergy for Five Newbuilding LNG vessels
Categories: News Flash
Date: Nov 07, 2022
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce the execution of five long-term T...
Container shipping giant to set up $2b fund to reduce carbon emissions
Categories: News Flash
Date: Nov 07, 2022
French shipping giant CMA CGM will invest US$1.5 billion ($2.12 billion) over the next five years t...
Crude tanker owners see dollar signs as Russia ban draws near
Categories: News Flash
Date: Nov 07, 2022
The European Union’s ban on imports of Russian crude is now less than five weeks away. As the clo...
Carrier commitment key to success for container terminal investments
Categories: News Flash
Date: Nov 07, 2022
Container terminals depend on carrier calls to generate business, which can vary according to marke...
Dry Bulk Market: Capesize Market Slipped Further This Week
Categories: News Flash
Date: Nov 07, 2022
CapesizeThe past week has had a negative trend overall, but closed up by the end. The average of th...
Biofuels Use in the Shipping Industry Could Soon Gain Traction
Categories: News Flash
Date: Nov 07, 2022
The use of biofuel blends in the shipping industry could become the norm in the following years, as...
Persian Gulf-Japan VLGC rates soar to highest in nearly 2 years, with more upside seen
Categories: News Flash
Date: Nov 05, 2022
VLGC rates on the key Persian Gulf-Japan route extended a three-month rally to reach their highest ...
Capesize values for older vessels rise in October
Categories: News Flash
Date: Nov 05, 2022
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% sinc...
Baltic index snaps 12-session losing streak on capesize gains
Categories: News Flash
Date: Nov 05, 2022
The Baltic Exchange’s dry bulk sea freight index (.BADI) rose on Friday for the first time in 13 ...
Global Energy and Stellar Shipmanagement to build first dedicated methanol bunkering ship in Singapore, classed by Bureau Veritas
Categories: News Flash
Date: Nov 04, 2022
Global Energy Trading Pte Ltd (“GET”), Stellar Ship Management Services Pte Ltd (“Stellar”)...
Teekay Corporation Reports Stronger Third Quarter Results
Categories: News Flash
Date: Nov 04, 2022
Teekay Corporation yesterday reported results for the three and nine months ended September 30, 202...
MISC and consortium partners secure five more newbuilding LNG carriers with Qatarenergy
Categories: News Flash
Date: Nov 04, 2022
MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (P...
INEOS signs long-term time charter agreements with Pacific Gas for four 99,000 cubic metre Very Large Ethane Carriers (VLECs)
Categories: News Flash
Date: Nov 04, 2022
INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, has signed long-term time charter ag...
Asian LSFO crack slumps to 3-month low on expectations of higher supplies
Categories: News Flash
Date: Nov 04, 2022
Asia’s low sulfur fuel oil refining margin plunged to its weakest in three months Nov. 2, weighed...
World Maritime University graduates ready to make change happen
Categories: News Flash
Date: Nov 04, 2022
The latest batch of future maritime leaders have graduated from the World Maritime University (WMU)...
Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds
Categories: News Flash
Date: Nov 04, 2022
Euronav NV reported its non-audited financial results today for the third quarter ended 30 Septembe...
Capesize shipments of Guinean bauxite jump 27.4% YTD
Categories: News Flash
Date: Nov 04, 2022
High energy prices in Europe have shifted aluminium production to China. Due to China’s increasin...
Rules on ship carbon intensity and rating system enter into force
Categories: News Flash
Date: Nov 04, 2022
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Anne...
Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards
Categories: News Flash
Date: Nov 04, 2022
The tanker market’s structural shift is still not complete. In its latest weekly report, shipbrok...
NYK to Order Two LNG-Fueled Large Coal Carriers
Categories: News Flash
Date: Nov 03, 2022
NYK will order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels ar...
Low-Speed, Dual-Fuel Portfolio Reaches Millennial Milestone
Categories: News Flash
Date: Nov 03, 2022
MAN Energy Solutions has announced that its portfolio of two-stroke, dual-fuel engines has passed m...
Russia returns to Black Sea grain deal in sudden U-turn
Categories: News Flash
Date: Nov 03, 2022
Russia said on Wednesday it would renew its participation in an agreement allowing Ukraine to expor...
Maersk sees container demand slowing as recession looms
Categories: News Flash
Date: Nov 03, 2022
Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global...
Fewer seafarers, higher inflation – where are ship operating costs heading?
Categories: News Flash
Date: Nov 03, 2022
Demand for seafarers is still on the rise, while increase in supply is expected to be weaker in the...