News Flash
Shipping market outlook – Container vs Dry bulk: Q3 2022 update
Categories: News Flash
Date: Oct 17, 2022
Volatile path to lower freight rates in near term before recovering in late 2023 with regulation im...
Dry Bulk Market Softens This Week
Categories: News Flash
Date: Oct 17, 2022
Capesize The Capesize market softened this week as a lack of fresh cargo and activity, particula...
Bangladesh: Shipbreaking slumps by half amid lower imports
Categories: News Flash
Date: Oct 17, 2022
Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is dis...
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Categories: News Flash
Date: Oct 17, 2022
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and ...
Shipping lines still raking in billions despite sinking cargo demand
Categories: News Flash
Date: Oct 17, 2022
There’s no shortage of schadenfreude toward shipping lines these days. After making hundreds of b...
Tankers: VLCC Recover Lost Ground
Categories: News Flash
Date: Oct 17, 2022
In the Middle East Gulf this week early activity saw rates begin to creep up. TC1 gained 26.87 poin...
Bunker industry gearing up for de-commoditization as shipping decarbonizes
Categories: News Flash
Date: Oct 17, 2022
The bunker industry is set to undergo de-commoditization as it transitions toward a cost-plus model...
Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker
Categories: News Flash
Date: Oct 17, 2022
OPEC’s decision to move ahead with significant oil production cuts, will add pressure to the tank...
Cabinet approves development of container terminal at Deendayal Port
Categories: News Flash
Date: Oct 15, 2022
The Union Cabinet on Wednesday approved the project to develop the container terminal at Tuna-Tekra...
Port of Savannah handles 1.5M TEUs in first quarter
Categories: News Flash
Date: Oct 15, 2022
The Georgia Ports Authority handled more than 1.5 million twenty-foot equivalent container units in...
Port of Felixstowe: Strikes having no significant impact, MPs told
Categories: News Flash
Date: Oct 15, 2022
Workers at the Port of Felixstowe in Suffolk walked out twice after the union Unite rejected a pay ...
ICS heralds successful collaboration to reduce harm to whales
Categories: News Flash
Date: Oct 15, 2022
The International Chamber of Shipping (ICS), the global trade association for shipowners and operat...
Wilhelmsen enters into an agreement to acquire Vopak Agencies, strengthening it’s leading position as preferred global agent
Categories: News Flash
Date: Oct 15, 2022
Vopak Agencies has a strong track record within both hub services and port agency within the tanker...
Furetank signs agreement to sell two dual-fuel tankers to Neste
Categories: News Flash
Date: Oct 15, 2022
Furetank Rederi AB sells two 17,999 dwt dual-fuel product tankers in the VINGA series to Neste in 2...
Safety Front and Centre for IMCA in Taiwan
Categories: News Flash
Date: Oct 15, 2022
The International Marine Contractors Association (IMCA) has a packed safety-focused itinerary lined...
Xeneta: The one-sided volatility in spot rates is currently evident on all trades
Categories: News Flash
Date: Oct 15, 2022
The one-sided volatility in spot rates is currently evident on all trades, yet the difference in al...
BIMCO ship recycling report confirms need for non-EU yards on EU list
Categories: News Flash
Date: Oct 15, 2022
The “Report on the European List of Ship Recycling Facilities” is the 3rd edition by Marprof En...
Seanergy Maritime Announces New Term Loan of $28 million to Refinance Existing Facility at Reduced Cost
Categories: News Flash
Date: Oct 15, 2022
Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced tod...
Titan to build the world’s largest biomethane liquefaction plant
Categories: News Flash
Date: Oct 14, 2022
Titan, the independent supplier of low and zero-carbon fuels, announced today its LBM production pr...
MABUX: Bunker Prices on the Rise, But Volatility is Still the Norm
Categories: News Flash
Date: Oct 14, 2022
Over the Week 41, MABUX global bunker indices demonstrated firm upward trend. The 380 HSFO index ro...
DP World reaffirms commitment to developing African sport and culture
Categories: News Flash
Date: Oct 14, 2022
South Africa’s celebrated cricket ground, Wanderers Stadium, to be rebranded DP World Wanderers S...
ICS Secretary General to address the UN General Assembly
Categories: News Flash
Date: Oct 14, 2022
ICS Secretary General Guy Platten to address the UN General Assembly today on the role of trade and...
EU backs lifting of Turkey embargo on Cyprus ships
Categories: News Flash
Date: Oct 14, 2022
The European Commission has long been clear that Turkey should end its embargo on Cypriot-flagged s...
Iran storing around 60 million barrels of oil on state-owned ships: Official
Categories: News Flash
Date: Oct 14, 2022
Iran is storing around 60 million barrels of sanctioned oil on board tankers operated and owned by ...
Shippers eye Index Linked Container Contracts to obtain better ocean freight rates value
Categories: News Flash
Date: Oct 14, 2022
In an ocean freight rates market defined by turbulence, with astronomic price hikes giving way to s...
VLCC market braces for uncertain winter on shock OPEC+ output cut
Categories: News Flash
Date: Oct 14, 2022
Despite signs of improvement in freight rates out of the Persian Gulf, the VLCC market looks headed...
Supply/demand balance at 2019 level as container volumes fall 4.6% y/y
Categories: News Flash
Date: Oct 14, 2022
Since July 2020, the container market has benefitted from a surge in consumption of goods compared ...
United Announces Sale of two Aframax Petroleum Tankers and Delivery of the Previously announced LR2 Tankers
Categories: News Flash
Date: Oct 14, 2022
United Maritime Corporation, announced today that it has entered into definitive agreements with an...
No room for complacency, says IMB, as global piracy incidents hit lowest levels in decades
Categories: News Flash
Date: Oct 13, 2022
The ICC International Maritime Bureau (IMB) is calling for regional and international players to su...
Damen to build two emergency response vessels for Romania
Categories: News Flash
Date: Oct 13, 2022
The General Inspectorate for Emergency Situations of the Romanian government has ordered two Damen ...
Gujarat Pipavav Ports handles 18.5 percent more containers in September 2022 than in 2021
Categories: News Flash
Date: Oct 13, 2022
Gujarat Pipavav Port Ltd. handled 1.86 lakh TEUs containers in the September quarter, an increase o...
Ports face more disruption from strike action as cost-of-living crisis bites
Categories: News Flash
Date: Oct 13, 2022
Fast rising cost of living crisis to precipitate more labour disputes across developed markets as d...